One of the attractions of becoming a corporate lawyer is the fact that you get to advise companies on mergers and acquisitions, and investments, as well as helping to implement them.
Corporate lawyers typically advise these companies on the sale or purchase of these other businesses, as well as how to raise the capital needed to buy them.
And because there is often an international element to the work, you would sometimes need to travel to other parts of the world in order to ensure smooth transactions.
Image credit: gauge opinion (obtained from Flickr).
But the question is, should you become a corporate lawyer? If you are considering pursuing this career path, it is important that you know the facts about the job before you commit to anything, so that you can make an informed decision about what can potentially be a life-changing choice!
No two deals (or law firms) are ever the same
Corporate lawyers get to work on a variety of different deals, and often you would be expected to work on at least four or five different deals at any one time! Large firms typically have corporate lawyers in offices dotted around the world, and you could be working with a small team of five lawyers or a large team of one hundred lawyers!
Being a corporate lawyer isn’t full of drama
You might be fantasising over dramatic courtroom scenes like you might see on programs such as Law & Order, but actually being a corporate lawyer isn’t full of such drama! In fact, you will be spending most of your time sat behind a desk or large table covered with paperwork, textbooks and a computer.
Most of your time will be spent writing reading and reviewing all sorts of legal documents, so if you were looking for a law career where you could spend your time dramatically interrogating people in a courtroom, you should probably look to another job within the legal profession!
You spend a lot of time doing research
If you wanted to be a Seattle lawyer that specialized in corporate law, for example, you would need to have an analytical mindset because most of your time would be spent doing research.
The types of things that you would be researching include jurisdictional rules, any local laws that may have a significant bearing on the sale or purchase of a business, and a whole host of other topics.
Sometimes the work can feel a bit monotonous, so you have to know how to handle long periods spent on your own consumed by paperwork, law books and other relevant documentation.
Corporate law is generally recession-proof
You might be concerned that getting a job in corporate law could be adversely affected by any recessions, but if anything a recession will generally bring more work to corporate law firms (as unfortunate as it sounds) due to companies needing to downsize their subsidiary companies in order to remain profitable and stay afloat whilst riding the tides of uncertainty.
As with any business, corporate law firms would generally have to adapt to changing market conditions in such circumstances, but it’s unlikely that you would ever be out of work.