Given the world we live in; chances are you will definitely know someone who practices as a lawyer. Despite knowing that they are a qualified attorney, chances are that they have a specialisation. So today we will be giving you an introduction as to what exactly a corporate attorney does in real life. You might have watched a few TV shows which portray corporate lawyers as scrupulous individuals with addiction prone habits who spend all of their time schmoosing clients but this is an exaggeration on most parts.
A service that is offered by corporate lawyers is due diligence. This is where data is gathered and analysed regarding a prospective transaction. Here the transaction can range from a takeover, to a merger or investing in a foreign market. Before a major transaction, in order to make a sound commercial decision, one would gather as much information regarding the prospective transaction to better understand all the risks and liabilities one could be subjected to, along with the success rate and the possible profit margin that that could be gained.
Other than due diligence, another service provided by corporate attorneys is regulatory compliance. With the development of commercial sector, it would only make sense that the law regarding the area would become tightly regulated. With the co-dependency of various economies around the world, it would seem that the best way to avoid an international financial crisis is by ensuring that corporations adhere to strict compliance in matter relating to their commercial affairs. From the declaration on the company share capital, to share issuancesto intellectual property protection in Hong Kong, Beijing and a number of foreign markets, making sure that the company is up to date with regulation is one of the main services provided.
Another commonly provided service by a corporate attorney is corporate restructuring. This essentially refers to a management term for making a business more efficient. They handle all matters relating to legal, ownership and operational aspects of the company to make it more profitable or better organised for a more efficient way of conducting business. This can branch out into maximizing efficiency in the subsidiaries of the parent company set up in Hong Kong, Tokyo and many different countries all over the world.
There are a number of other service that are provided by corporate lawyers that vary with each practitioner. But one thing that they will all have in common is that, more often than not, they will specialise in the field of corporate law. This will allow them to provide you with the utmost professional service of an individual who has honed his skills in a focused area of law.