What Kind Of Background Should A Corporate Finance Lawyer Have?
The education required for practicing as a legal professional involves the compulsory undergraduate course, a Master's degree from an ABA (American Br Association) accredited institute and qualifying as a competent lawyer by passing the ABA examination. The law schools in America also award a Juris doctorate (J.D.) which is the highest scholastic degree for any lawyer in the United States. Specialization subjects usually pave the way for a corporate finance lawyer's career.
These specializations in an undergraduate corporate law course can be in -
Tax laws - Firms which hire corporate finance lawyers expect them to be well versed in handling tax issues that they may be having. A corporate finance lawyer is also expected to see to it that all taxes, from the firm's shareholders and workers are paid in the right amounts to avoid charges of tax evasion. Deducting taxes at source to calculating taxes based on company profits, it is all a part of a corporate finance lawyer's repertoire.
Consumer protection laws - The specialization taken up by law students in from the second year of an undergraduate course, pertains to the knowledge of a corporate finance lawyer who looks into matters related to company activities that may be hazardous for its customers or product buyers. The consumer protection laws are applicable most usually to pharmaceutical companies, travel companies, food product manufacturers, automobile manufacturers and the lot. An industry where product manufacturing defects may result in harming a buyer, specialization in consumer protection laws is a great resource.
Insurance laws - Firms hiring corporate finance lawyers to look into insurance matters expect them to be well verses in matters of handling insurance issues to provide protection to the company for any hazard caused to a co-worker. The compensation required to be paid to a co-worker injured or de-capacitated while on the job requires the handling of various complicated tasks involving investigations, record provisions and monetary calculations, which are sanctioned by insurance laws.
Specializations and general subjects in an undergraduate corporate law course in an American law school program can also include subjects like Labor laws, Operations management, Finance, Economics, Information systems and accounting for a rounding up of the knowledge base to take up further specializations and law suit cases.
A corporate finance lawyer ready to be hired by a firm of repute is expected to be qualified by a postgraduate degree with specialization in one or more of the following areas -
Bankruptcy law - A sensitive issue for any firm, this is required as part of a corporate finance lawyer who aspires to guide a firm out of bankruptcy with legal procedures, legal boundaries and requirements kept intact.
Entertainment / Intellectual property law - A typical requirement in the entertainment firms, specializing in Intellectual property rights law help a corporate finance lawyer deal the protection of an ideas and artwork owned by an entertainment house.
Other areas of specialization may include Antitrust Laws, Advanced legal documentation and a variety of other subjects pertaining to providing legal services to a firm.