why would you want to be a corporate lawyer

4 Good Reasons To Pursue A Career In Corporate Law

1. There are diverse career opportunities. Many branches of law are very specific. For instance, if you become a family...
2. You can help others. Some fields of law can be a bit depressing. For instance, as a criminal defense attorney, you...
3. You'll earn a good income. Working in non-profit law, as a public defender,...

Full Answer

Is a career as a corporate lawyer for You?

If you have a business-savvy mindset and are looking for a way to increase your earnings, you may want to pursue a career as a corporate lawyer. After three years of law school, you can put your existing business knowledge and new legal knowledge to work, defending corporations against various legal accusations.

What qualities make a good corporate lawyer?

Five qualities that make a good corporate lawyer 1. Technical: Knowing the law 2. Attitude: Ready to make that extra effort 3. Keenness to learn more and taking up new challenges 4. Attention to detail is indispensable 5. Commercial awareness puts you ahead

Why do you want to be a lawyer?

Your past successes and achievements can also be very compelling reasons for pursuing a career as a lawyer.

Why is it important for corporate law attorneys to understand technology?

It is therefore essential for corporate law attorneys to understand the many ways technology supports the business, and the potential risks that devices, systems, applications and new ways of working, such as cloud computing, may pose.

What are the benefits of being a corporate lawyer?

Let us look at why corporate law is considered one of the most lucrative career options for the budding lawyers:The demand and supply. ... The financial status. ... Broad career choices. ... Prestige and leadership trajectory. ... Diverse opportunities.

How do you answer why do you want to be a lawyer?

How to answer why you wanted to become a lawyerFocus on your strengths and skills. ... Describe a personal experience that inspired you. ... Give examples of your past success and how it motivates you. ... Relate your values and philosophy to the job. ... Discuss how you plan to contribute to the firm.

What skills do you need to be a corporate lawyer?

List Of Skills To Add To Your Corporate Lawyer ResumeLegal Advice.Law Firm.Legal Documents.Notary.Regulatory Matters.Internal Clients.Private Equity.Legal Proceedings.More items...•

Why do corporate lawyers earn so much?

Lawyer salaries are driven by supply and demand, just like everything else. According to data from CEB, the average hourly rate charged by major law firm partners nearly doubled since 2000, while average hourly wages for both blue-collar and white-collar workers have increased less than 20%.

What attracts you to a career in law?

1) It offers diverse career options With a multitude of positions and an ever-expanding range of practice areas, law offers you the opportunity to specialise in what you find personally interesting. Family, environmental and criminal law are just a handful of the routes you can go down.

Why do I love being a lawyer?

I knew then that I loved being a lawyer. I loved protecting people in a court of law. I loved the feeling of accomplishment I get from helping others fight—win or lose. I get to think through problems every day for people I really like.

Is becoming a corporate lawyer worth it?

Working as a corporate lawyer can be a very rewarding and lucrative career path. You have to study for many years, so be prepared for hard work and sacrifice. You will need to get qualified, gain experience, and then continue your professional development and study for your specialism in corporate law.

Are corporate lawyers rich?

Salary of Corporate Lawyers in India In India, the range of salary that the law firms offers ranges all the way from Rs 25-30 lakh per annum to Rs 150-200 lakh. Even for lawyers who have just graduated from college, there is a wide potential range from between Rs 5-10 lakh per year to Rs 18-20 lakh per year.

What personality type are most lawyers?

According to a 1993 study conducted by Larry Richard, the most prevalent personality types for lawyers are:ISTJ (17.8 per cent)INTJ (13.1 per cent)ESTJ (10.3 per cent)ENTP (9.7 per cent)INTP (9.4 per cent)ENTJ (9.0 per cent)

What is the highest paid lawyer?

Highest paid lawyers: salary by practice areaTax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.Immigration attorney: $84,000.Estate attorney: $83,000.Public Defender: $63,000.More items...•

How can I make 500K a year?

WHAT WE HAVE ON THIS PAGEActor/Actress.Physician/Surgeon.Chief Executive Officer.Author.Investment Banker.Lawyer.Entrepreneur.Engineering Manager.More items...

Can lawyers make 7 figures?

Lawyers don't start out making $1 million-plus, but it's easy to reach the seven figure salary status as they work their way up the ladder. There are many lawyers who build up their small firms to seven figures by treating it like a business, which includes a focus on marketing, sales, systems, and strategy.

Why are lawyers important?

Lawyers are in a unique position to help individuals, groups, and organizations with their legal problems and to further the public good. Public interest lawyers champion legal causes for the greater good of society and help those in need of legal assistance who might not otherwise be able to afford attorneys.

What is the role of an attorney in society?

Attorneys have stood at the center of society for centuries. They're in a unique position to affect societal change as lawmakers and thought leaders. They write the laws, rule the courts, and hold influential positions in government.

Why do lawyers do pro bono work?

Lawyers in private practice often perform pro bono work to help low-income individuals and underserved portions of the population , such as the elderly, victims of domestic abuse, and children. In fact, many bar associations require that attorneys commit to a certain number of pro bono hours each year.

What is the most rewarding job?

Working as a lawyer is one of the most intellectually rewarding jobs on the planet. From helping to patent a trade secret, or devising a trial strategy, to forming a multi-million dollar merger, lawyers are problem-solvers, analysts, and innovative thinkers whose intellect is crucial to career success.

Where do lawyers work?

Work Environments and Perks. The majority of lawyers work in law firms, government, and for corporations. In an age where cubicles have become the mainstay of the modern workplace, lawyers typically work in offices with four walls.

Do lawyers make big bucks?

Keep in mind, however, that not all lawyers make big bucks. It can depend on employer size, experience level, and geographic region. Lawyers employed in large law firms, major metropolitan areas, and in-demand specialties generally earn the highest incomes.

The basics of the Allen & Overy graduate interview

The assessment day for Allen & Overy's training contract and summer vacation schemes comprises two interviews: one based on a case study, the other a scenario-based interview.

On the day of the Allen & Overy graduate interview

Print a hard copy of your online application and read it through before your interviews. If you have time, you could also skim the Financial Times or business pages of a broadsheet.

Allen & Overy case study interview

You'll be given an allotted time to read through a business case study and pick out points relevant to your 'client', who will be played by your interviewer (quite sympathetically, according to reports).

Allen & Overy scenario-based interview

The second interview will be with a member of HR or a senior associate. You will be asked a series of questions based on scenarios you may encounter as a trainee.

Allen & Overy motivation question: Why are you interested in corporate law?

Approach to take: The key to answering this question is to remember 'corporate' is as important as 'law'. It can be a leap after having your head in books for the duration of your studies, but City law firms are in the business of making money.

Allen & Overy motivation question: Why have you applied here specifically?

Approach to take: There's no harm in saying you would be proud to work for a member of the magic circle but be more specific. A good way of standing out from other hopefuls is to state which practice you want to join on qualification.

What does a lawyer do?

Lawyers solve people's problems for them. For example, a client may say that they want to buy a particular business but are unsure what steps they need to take. We help them achieve that goal by working out the best way to buy that business and then help them do it.

What does it mean to work in law?

Working in the law means that you will deal with people. It is a client-facing industry and you will have to liaise with clients on the telephone, in meetings, via email and at events. This may not appeal to everyone but a good firm will make sure that you are comfortable.

Why is it important to have a corporate law attorney?

Across the legal profession, advanced technical skills are needed. Data privacy and data security are top concerns for corporate legal departments. This is because most businesses rely heavily on technology not only for everyday operations but also to build their brands, interact with customers, innovate and more. It is therefore essential for corporate law attorneys to understand the many ways technology supports the business, and the potential risks that devices, systems, applications and new ways of working, such as cloud computing, may pose.

Why do lawyers choose corporate law?

Some legal professionals choose the corporate law path specifically because they want to improve their work-life balance, which can be hard to do in a traditional law firm environment.

Why are corporate legal departments growing?

Many corporate legal departments are growing their teams because they need to watch the bottom line in a post-recession environment where businesses remain highly cost-conscious.

Is a corporate lawyer a 9 to 5 job?

So, although a corporate law career may provide more flexibility to manage both business and personal obligations compared to a law firm position, it is unlikely to be a 9-to-5 job.

Why do companies hire lawyers?

Hiring a corporate lawyer would help you to create a set of fair contracts and agreements. Of course, companies are able to draft their own contracts but to avoid future internal disputes among employees, it is recommended to hire a professional to at least review your contract.

Why is corporate law important?

Corporate law is meant to help businesses better manage their operation, management, leadership, and the whole business’ workflow. As you can probably imagine, without corporate law businesses would have no basic guidelines and it would definitely be more difficult to establish a management system in a company.

How to avoid legal disputes?

Therefore, as much as possible companies would want to avoid legal disputes from arising. The best way to prevent a legal dispute is by hiring a corporate lawyer. A lawyer would be able to provide legal advice for the better of your company and protect your company from legal disputes. 2. Establish a Fair System.

Why do you need a lawyer for a shareholder agreement?

Hiring a corporate lawyer to draft a shareholder agreement would ensure that the terms and conditions in your shareholder agreement are complete and undebatable. A lawyer would also be able to determine whether or not an agreement is legally valid.

How to protect your company from legal disputes?

1. Protect Your Company From Legal Disputes. Hiring a corporate lawyer would help prevent legal disputes in your company. When it comes to managing a company, it is not easy and there might be times where you have to face an issue with a client or a contract issue.

What is corporate law?

Corporate law also helps to protect business owners as the law states that a business owner and the company are two separate legal entities. Meaning that the business owner and the company’s liabilities are separate.

Why is it important to consult a lawyer?

It would be best to consult a professional lawyer regarding your business practices and corporate law to allow your business to establish a fair system. Practicing a fair system would even increase employee motivation and allow your company to perform better in general.

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1. Technical: Knowing the law

The most important quality is to know the law well and have conceptual clarity — there is no substitute for this. If one wants to succeed in the world of corporate laws, one needs to be technically sound in particular in contract law, Companies Act and other corporate laws (e.g takeover code and listing rules).

2. Attitude: Ready to make that extra effort

The life of a corporate lawyer (like many other top professions) might look glamorous to many, but it requires a lot of hard work. There are times when one would have to sacrifice weekends for clients and other team members.

3. Keenness to learn more and taking up new challenges

The world of corporate law is always evolving (and sometimes faster than one expects), which makes it fun. Every now and then, you have new laws, legal structures and products being introduced in the market. One needs to be keen to learn (and at times, unlearn) and take up new challenges.

4. Attention to detail is indispensable

It is an absolute must to have good attention to detail at all times. Given the nature of work firms like mine do, there is no margin of error. Small mistakes could significantly cost our clients (and the firm) and therefore it is a must to ensure that one works on this quality from the start.

5. Commercial awareness puts you ahead

Often trainees and junior associates are too focussed on learning the law and doing the work that they are given, and they end up not focussing on the latest commercial developments. They think that it is a responsibility of the partners and senior associates. I do not think that that’s a right approach.