Corporate Lawyer Job Description
Whether working in a City law firm and advising corporate giants on multi-million-pound acquisitions or assisting an SME fintech start-up with contract negotiations, the core remit of a Corporate Lawyer is to advise businesses on their legal rights, responsibilities and regulations.
Specifically, Corporate Lawyer responsibilities usually include advising on commercial agreements and business transactions such as:
• Mergers and acquisitions – a transaction whereby the ownership of a company is transferred to or consolidated with another
• Joint ventures – a business created by two or more parties who share ownership, returns, risks and governance
• Corporate restructuring – the act of significantly altering the structure or operations of a business to increase profits and/or efficiency
• Management buyouts – a form of acquisition whereby the managers of a company acquire some or all the business from the parent company or private owner
• Equity financing – raising capital through selling company stock to investors
• Commercial contracts – agreements between companies setting out what they can and cannot do in their business relationship
Clients of a Corporate Lawyer vary greatly depending on the size and location of the firm for which the lawyer works, but typically they include start-ups, privately held owner managed businesses, public companies, investment management firms and global blue-chip organisations.
A Corporate Lawyer qualifications pathway is likely to resemble the following:
- To be accepted into law school or onto a law course at university, you will need at least three high grade A-levels. While no specific subjects are required, you may find that disciplines like mathematics, history or geography are looked upon more favourably than subjects such as PE or photography when it comes to your university application.
- One of your options after college is to study for a Bachelor of Laws (LLB) degree – the first stage of training to become a lawyer in the UK. Alternatively, you can apply to study a degree in law or another subject, but this route requires you to complete Graduate Diploma in Law (GDL) before you can move on to the next stage in your training.
- Next, you will study the Legal Practice Course (LPC). The LPC is a 1-year course designed to prepare students for a career as a lawyer.
- Lastly, you will need to undertake a law training contract to gain practical experience in the practice area of your choice. Corporate Lawyers will spend two years with the Corporate department of a law firm, completing a series of training modules while gaining first hand working experience.
Key Corporate Lawyer skills include:
• Legal research skills
• Strong negotiation skills
• Analytical skills and the ability to make sound judgement
• Technology and software knowledge
• Time management and organisation
• Verbal and written communication
• Client development and customer service skills
• High attention to detail
According to data collected in our 2018 Audience Insight Report, the average Corporate Lawyer salary comes in at around £53,700 per annum. Factors including location, experience level and the size of your firm will all influence the salary you are offered as a Corporate Lawyer.
Would you like to take part in an interview about your experience as a Corporate Lawyer? If so, we would love to hear from you. Get in touch on firstname.lastname@example.org to find out more.