Corporate lawyers are experts in business law and all related concepts. They defend clients and provide legal advisement, assistance and advocacy to corporations or government agencies in financial, securities or real estate law and other similar areas.
Corporate lawyers are responsible for understanding, defending and upholding any and all legal matters related to business and corporate affairs. Corporate lawyers may advise or defend individual clients or corporations in issues related to taxation, patents, mergers and acquisitions, global economics, securities, accounting, business contracts and more. Corporate Lawyers are well-versed in all of the above areas, as well as being knowledgeable about business and finance law, corporate disputes and resolutions, and white-collar crimes, criminals and penalties. Their job duties may include meeting with clients and other attorneys, preparing legal briefs, opening and closing courtroom arguments, conducting research and compiling evidence.
Corporate law (also "company" or "corporations" law) is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another. Corporate law is a part of a broader companies law (or law of business associations). Other types of business associations can include partnerships, or trusts (like a pension fund), or companies limited by guarantee (like some community organizations or charities). Under corporate law, corporations of all sizes have separate legal personality, with limited or unlimited liability for its shareholders. Shareholders control the company through a board of directors which, in turn, typically delegates control of the corporation's day-to-day operations to a full-time executive. Corporate law deals with firms that are incorporated or registered under the corporate or company law of a sovereign state or their subnational states. The four defining characteristics of the modern corporation are:
•Separate legal personality of the corporation (access to tort and contract law in a manner similar to a person)
•Limited liability of the shareholders (a shareholder's personal liability is limited to the value of their shares in the corporation)
•Shares (if the corporation is a public company, the shares are traded on a stock exchange)
•Delegated management; the board of directors delegates day-to-day management of the company to executives.