Confused about how business lawyers can help you with your investment, we’re here to tell you everything that you needed to know!
A business lawyer provides us unparallel assistance when our venture is in a pinch. But, when is the time that we really need their services? To answer that, we first need to know what they usually do.
They are specially trained to handle business-related tasks. They also spend most of their career life studying documents and scenarios that affect investments. Some major companies that deal with a vast collection of products and services are susceptible to infringement. Whether it is unintentional or not, there is a chance that they may see themselves in the middle of a traphole.
A good example of this is dealing with intellectual property and taxation imposed by the government. There may come a time when your business needs to sort out legal documents, or if you are in the middle of a business settlement. Business lawyers will give you insights about these transactions and help you smoothen out the whole process by walking you through it.
Most lawyers who are associated with a company work full-time and their primary responsibility is to settle all legal aspects of the business. In certain situations, they may need longer working hours for a case, but that’s only if the company faces a serious predicament.
If you are interested in becoming one, here are the skills you need to possess.
● Analytical reasoning
● Negotiation skills
● Critical thinker
● Excellent writing skills
● A good researcher
Aside from these, an individual needs to have a degree in law, pass the bar examination to get a certification, and acquire a license. It may be a long and tedious process, but it is worth every effort.
In 2015, according to the U.S. Bureau of Labor Statistics, lawyers’ average annual salary was about $115,820. Those who work as a lawyer in private law firms have a higher yearly salary than usual. Interested? Here are the steps to become one.
COMPLETING AN UNDERGRADUATE DEGREE PROGRAM
Getting yourself an undergraduate degree makes you closer to the goal. However, that is still the first step. The majority of law schools require the individual to have a bachelor’s degree. Experts suggest that taking related fields in government, history, or economics is the ideal way to go if you aspire to become a lawyer.
If you are eyeing to become a business lawyer, a degree in business administration is the easiest way to go. It will give you all the necessary information you needed to know as to how the business operation works.
LSAT EXAM
The Law School Admission Test or LSAT is the next thing you need to think about. The goal for this examination is to test the analytical reasoning and the logical thinking skills of an individual. Students who want to pursue a career as a lawyer usually take this test during their junior year in college. It is best to come up prepared since admission is very competitive, and the difference between the student’s LSAT score and GPA may make or break the deal.
To prepare for the LSAT examination, most students opt for prep courses. Taking these courses can help increase their chances of getting good scores for the main exam.
GRADUATING FROM A LAW SCHOOL
The first part of your law school journey covers the basics of property and civil laws. In this phase, you will also learn the basic introduction of how to properly handle contracts. In the later part of the journey, some schools allow their students to focus on a more specific area of expertise, including business law.
If everything falls into the right place, the next step is to make your way in the law program and graduate. If there are no hindrances, a student takes a full three years to finish this phase. A Juris Doctor degree is given only after they finished their schooling.
BAR EXAMINATION
Every state requires lawyers to pass their bar examination and be admitted to the bar association. Only then, you will be allowed to practice law. The exam varies for each state. However, the usual format revolves around multiple-choice questionnaires and an essay.
This point is very crucial for those who aspire to become a lawyer. You should be well-prepared for the examination week since failing to pass the exam may put your career on hold.
Now that everything is covered, you should have a quick understanding of how business lawyers do their job. If you see yourself interested in becoming one, it may be the right time to choose this profession since it is pretty much stable compared to other career choices.
Materials based from Upcounsel
Photo Sources: Css Alabama, Radio.com, Carminofinancial, and Shutterstock