WHAT IS CORPORATE LAW PRACTICE?
Corporate lawyers advise businesses (which can include different entities such as partnerships, publicly and privately held companies, and business start-ups, among others) on their numerous legal rights, responsibilities and obligations. General corporate practice involves handling a wide range of legal and business issues. Many corporate lawyers work in law firms, particularly large or mid-size firms, where they counsel clients and handle transactions including negotiation, drafting, and review of contracts and other agreements. Other corporate lawyers are employed directly by corporations as in-house corporate counsel. In-house counsel act as internal advisers on myriad business and legal issues, including labor and employment issues, intellectual property issues, contractual issues and liability issues. Clients are frequently for-profit, but non-profit corporations also rely on corporate counsel.
A corporate law practice may vary substantially in both the degree of emphasis and the type of practice. Some large law firms, for example, may expect their attorneys to focus on transactional work, while others combine transactional and litigation practices.