За что дмитрий степанов любит «corporate law» роберта кларка

As anybody will tell you, being a business owner can be difficult. From making sure that your customers are satisfied, balancing the books, paying your employees, and making sure that your business turns a profit at the end of every month, being a business owner means having to wear different hats. Unfortunately, some of the hats require more specialization than the owner may have.

It may involve issues such as ensuring that your business is up to code and in compliance with all of the NY state regulations and requirements, dealing with a potential lawsuit against a customer, handling a lawsuit against the union or an individual employee, or just being able to handle any of the number of various legal issues and problems that are thrown at you at any moment. Fortunately, a corporate attorney can help assist in such matters to prevent your business and yourself from falling victim to trouble. This section shall address the role of a business attorney and the importance of the different types of services a business lawyer in New York (NY) can provide to business owners in New York City (NYC).

Free Corporate Law Attorney Consultation

Types Of Corporate Law

New York is the business center of the US if not the world. Businesses are formed and dissolved almost every day in NYC, and there are thousands of legal issues that confront business owners daily. Below are the different types of corporate law that face such business owners and that a business law attorney can help with.

  • Corporate Representation. Corporate representation involves assisting businesses with a number of matters related to the day-to-day operations of their business. This may include any merger or acquisition, dissolution of the business, tax guidance, drafting and reviewing corporate documents, agreements and contracts, recommendations involving the issuance of securities or investment in securities, counsel regarding the purchase or sale of businesses, assets and rights, assisting in real estate development and transactions, and providing advice as to bankruptcy matters.
  • Mergers and Acquisitions Law. Mergers and Acquisition Law involves the laws affecting the purchase of one company by another, or what’s otherwise called an acquisition. This is also called a Merger, which is the juxtaposition of two companies into a new entity. When two or more companies join each other and one new company continues to exist, a “merger” is formed. A NY business lawyer can help draft the legal paperwork to establish this formation.
  • Venture Capital Law. Venture capital law is a financial method utilized by some businesses to raise money. Traditionally, it is used by relatively new, privately held companies that would not normally be able to raise capital by other methods, such as obtaining a business loan from a bank.
  • Project Finance Law. Project finance law is the financing of long-term projects in which the debt and equity used to finance the project are paid back from the cash flow generated by the project. Project finance lawyers negotiate and draft financial documents, generally involving many companies and often government entities partnering on one deal.
  • Corporate Securities Law. This type of law is the group of laws and regulations that govern the issuance of securities, which then mandates what a corporation has to do in order to offer their investment to the public. Corporate lawyers that practice this area of law are familiar with what disclosures a company must reveal to its investors.
  • Copyright and Trademark Registration. Copyrights, trademarks and registrations are legal ways to protect the theft of someone’s original ideas and to then be used as the property of someone else. A corporate lawyer familiar with copyright and trademark knows the steps taken to protect your business’s trademark or your business’s intellectual property, such as an invention.

Legal Services Provided By Commercial, Business and Corporate Attorneys in New York

If you own a business, there are a number of legal services a corporate attorney can assist you with. These include the following:

  • Formation of Business Legal Entities. In New York, the most common forms of business are the sole proprietorship, partnership, corporation, S corporation, and a limited liability company (LLC). A corporate attorney can analyze your business and take into account the various legal and tax considerations involved in selecting a business structure proper for your business.
  • Corporate Governance. Corporate governance is the process by which companies are directed and controlled or governed. Boards of directors are responsible for the “governance” of their companies. Corporate governance is then what the board of a company does and how it established the values of its company. A business NYC lawyer nyc can help draft these internal board of director guidelines, which is distinguished from the day to day operational management of the company by its full-time executives.
  • Business Licenses. Depending upon the type of service your business provides and what type of business you have, various license(s) may be required. This could be from the state, city, county, or some other agency. A corporate law attorney will determine what is necessary in order for your business to operate.
  • Business Contracts and Agreements. Unless you’re wanting to end up with an issue regarding a contract, all contracts must be in writing. A business contract lawyer can draft the appropriate contract involving your business, whether it is an employment agreement, independent contractor agreement, client agreement, terms and conditions, intellectual property agreement, etc. Having a corporate attorney familiar with contract law and who can review and draft any contract involving your business is a key to staying protected.
  • Cross-Border and International Business Activities. These activities refer to all those business activities which involve cross border transactions of goods, services and resources between two or more nations. If your business deals with goods and services overseas, a corporate attorney will be able to research those laws of the home country that you’re dealing, trading, or doing business in. An NYC commercial attorney will not only be familiar with New York laws, but also other state’s and other country’s laws as well.
  • Business Intellectual Property. A business law lawyer can protect your business’s intellectual property. For instance, if your company’s trademark is being stolen by a competitor, a New York business law attorney will be able to respond appropriately.
  • Business Fundraising. If your business engages in fundraising activities for non-profits or political purposes, a business and corporate attorney will be familiar with the NY funding raising laws so that no violations occur.
  • Corporate Secretarial Services. Corporate Secretarial Services assists clients to manage and mitigate risks of corporate non-compliance.
  • Outside General Counsel. When you have an outside counsel, it means that you have hired a law firm to represent you and your company. Some matters are best suited to be farmed out rather than handled by in-house counsel. Outside counsel means that your company has paid a retainer fee and will then pay the outside attorney on an hourly basis.
  • Business Reorganizations. A reorganization of a business is a significant and disruptive repair of that business in order to try to restore it to profitability. An NYC business law attorney can help provide legal advice in such matters, which may include shutting down or selling divisions, replacing management, cutting budgets, and laying off workers

За что Дмитрий Степанов любит «Corporate Law» Роберта Кларка

As a business owner, you can expect the NYC business law firm that you hire to do a number of tasks and be responsible for a number of issues that your business is faced with. These may the include the following:

  • Appraising The Business For Prospective Buyers Or Partners. A corporate attorney can help provide you the data and information needed for a prospective buyer of your business. This may include any legal liens or judgments against your business.
  • Verify Accounts And Finances For Business Transactions. A corporate law firm can review any business transactions to make sure that these transactions are compliant with any state, city, or county statutes or codes. Accordingly, it’s beneficial to have a corporate attorney with a wide range of legal skills, including being a cpa attorney and cpa lawyer.
  • Negotiating Employee Contracts. A corporate attorney can use their negotiation skills on behalf of the company when negotiating employee contracts.
  • Preparing And Filing Government Reports. In order to remain compliant, a corporate attorney will be familiar with the filing process and to make sure that everything is legal.
  • Drafting Legal Documents. Drafting any type of legal document can be tricky, so for anything involving drafting and reviewing, a corporate attorney should be involved in order to best protect the company.
  • Reviewing New Business Relationships With Vendors and Subcontractors. A corporate attorney can review and analyze the history of any potential vendors and subcontractors before that company does business with them. This is normally accomplished by reviewing if any judgments or liens exist.
  • Guiding Managers On Regulatory and Compliance Matters. A corporate attorney will work with company managers and educate them in company guidelines in order to ensure that the company, including its mangers and employees, comply with all state and federal regulations.
  • Administering Training Workshops. In order to make sure that the company’s employees do no commit any state or federal violations, a corporate attorney can administer training and materials for its employees and managers. This is commonly done to prevent employee discrimination, sexual harassment, or OSHA violations.
  • Formulating Employee Handbooks. In New York, an employee handbook not only provides the materials so that the employee can act compliant on behalf of the company, but it also acts as a legal contract between the employee and the company. Accordingly, it is important that the handbook is drafted properly so as to best protect the company.
  • Analyzing Legal Issues Relating to Proposed Products. A corporate attorney can review and analyze company products so as best to avoid any future or potential lawsuits, such as negligent advertising, design, or manufacturing.
  • Representing The Corporation Before Administrative Boards and Court Trials. A corporate attorney is also responsible for ultimately representing the company in court in case the company or any of its board members are sued or for any pending litigation, including both civil and criminal cases.
  • Providing Supervision to Outside Lawyers Hired to Assist the Corporation With Their Specialized Legal Services. Oftentimes, a corporate attorney will also counsel and supervise attorney outside the parent office. For instance, if the New York company has to hire an Illinois lawyer to help defend the company in Illinois from a workers compensation claim, the corporate attorney will provide supervision in those matters on behalf of the company.
  • Structuring Joint Enterprises With Other Organizations. A corporate attorney can also provide advice when it comes to joint mergers with other businesses and organizations. The corporate attorney will analyze the tax and infrastructure of each business and provide advice as to how to proceed.
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Startup Attorney

If you are a new business owner and have either just started up your business, or are thinking about starting up a business, a NYC startup lawyer will be very beneficial to you.

Not only will they be able to analyze your company and tax goals and determine what type of business structure is best for your business, but having determined that, they will be able to prepare and file the necessary paperwork for your business so that you can be fully compliant and operational.

For instance, rather than operate as a sole proprietor or partnership, your corporate attorney may determine that your best course of action would be to operate as a limited liability company and would then advise you as to what tax incentives you could expect.

Free Startup Attorney Consultation

  • Or, if you have questions determining the difference between a corporation and a limited liability company, your corporate attorney can counsel you in the various differences, including the strengths and weaknesses of both.
  • They also can determine which licenses, if any, you will need to start your business, where to and how to file, and they can also prepare the various forms you may need to get your business started, such as employment agreement, client agreement, terms and conditions, etc.
  • In addition, a corporate attorney will be able to review your business process, plan, and product(s) to determine if there may be any potential legal issue(s) for your business in the future, and if so, how best to avoid them.


Q: How To Find a New York Business Law Attorney?

In determining how best to find a business law attorney for your company, in interviewing a potential corporate attorney, you need to find out their experience and what types of corporate law they practice. Hiring a lawyer can be tricky. A business law attorney with little to no litigation experience may not prove useful to your business should you find your business facing a multi million dollar lawsuit in court. Accordingly, you need to talk with your corporate attorney.

Q: Is Corporate Law The Same As Commercial?

Corporate law governs the formation of companies, shareholder rights, mergers, and acquisitions. Commercial law, on the other hand, specifically deals with the sale and distribution of goods. Accordingly, it is best for your corporate attorney to be familiar with both areas.

Q: What Is The Difference Between A Corporate Lawyer And A Business Lawyer?

Corporate law tends to provide guidelines used in the purchase and selling of items in the market. Business law, on the other hand, address such as areas as employment law, contracts and taxes

Q: Is Corporate Law And Company Law The Same?

Yes. Both areas govern the rights, relations, and conduct of persons, companies, organizations, and businesses.

Q: Does A Corporate Lawyer Go To Court?

Yes. If and when negotiations fail, a corporate attorney should be prepared to engage in litigation when it comes to a business dispute. This means having the experience and know-how to be able to represent the company in court.

Егоров, Пугинский, Афанасьев и партнеры — Дмитрий Степанов — КОМАНДА

Дмитрий является одним из наиболее авторитетных экспертов по корпоративному и финансовому праву. Он активно участвует в совершенствовании российского законодательства и имеет более чем 15-летний опыт практической деятельности в таких областях, как корпоративное право, ценные бумаги, реструктуризация и корпоративные финансы, слияния и поглощения, банкротство и арбитражный процесс.

Дмитрий играл ключевые роли в сопровождении таких знаковых транзакций, как:

  • Консультирование специального комитета владельцев облигаций по вопросам российского права в рамках международной реструктуризации задолженности компании Roust Corporation, одного из крупнейших производителей водки в мире. Сделка по финансовой реструктуризации группы Roust стала одним из немногих примеров реструктуризации финансовой задолженности российского холдинга, проведенной в соответствии с Главой 11 Кодекса США о банкротстве.
  • Консультирование международного банка по созданию инвестиционного фонда в России.
  • Консультирование по вопросам корпоративного управления в ходе создания СП между Правительством Москвы и ОАО «РЖД» в рамках реконструкции Малого кольца Московской железной дороги.
  • Консультирование лидера нефтехимического рынка России по созданию совместного предприятия с крупнейшей нефтегазовой компанией.

Дмитрий активно представляет позицию российского бизнес-сообщества, заинтересованного в фундаментальной реформе Гражданского кодекса РФ.

Он принимал участие в работе по созданию новой версии Гражданского кодекса как участник проекта НП «Содействие развитию корпоративного законодательства» и как активный член Рабочей группы по созданию международного финансового центра при Совете при Президенте РФ в г. Москве.

Дмитрий имеет богатый опыт в решении GR-вопросов, направленных на совершенствование регулирования различных областей экономики.

Дмитрий консультировал Министерство экономического развития РФ и Комитет по собственности Государственной Думы РФ в отношении широкого круга основных законов, включая федеральные законы «Об акционерных обществах», «О рынке ценных бумаг», «О несостоятельности (банкротстве)», «О международных компаниях». Он также участвовал в совместном проекте Межпарламентской Ассамблеи государств-участников СНГ и Европейского банка реконструкции и развития (ЕБРР) по подготовке проекта модельного закона «Об акционерных обществах» для стран СНГ.

Дмитрий принимал участие во множестве судебных споров, включая, в том числе:

  • Представление интересов финансово-промышленной группы, как истца, в арбитражном суде по требованию о взыскании суммы убытков, связанных с недействительностью уступки из договора ипотеки в связи с нарушениями, допущенными банком.
  • Структурирование и осуществление стратегии защиты интересов клиента – крупного зарубежного инвестиционного фонда, работающего в секторе недвижимости.
  • Представление интересов крупного российского девелопера в споре с банком, в ходе которого удалось добиться списания кредитором части долга в размере 80 млн. долларов США.
  • Представление интересов клиента в КС РФ по делу о жалобе на неконституционность пункта 1 статьи 302 Гражданского кодекса РФ (ГК РФ), в соответствии с которым было дозволено забирать выморочные квартиры у добросовестных покупателей. Благодаря работе юристов Бюро суд признал права собственников на имущество, приобретенное от лиц, завладевших им в обход права государства.

Наряду с практической деятельностью, Дмитрий преподает в Национальном исследовательском университете «Высшая школа экономики», Школе права «Статут» и институте «М-Логос»; является заведующим кафедрой корпоративного права в Российской школе частного права. Дмитрий — автор нескольких монографий и около 80 публикаций. 

Дмитрий имеет дипломы Московской государственной юридической академии (1999, с отличием) и Российской школы частного права (2001, с присвоением степени магистра частного права).

Он окончил аспирантуру Института законодательства и сравнительного правоведения при Правительстве РФ, получив степень кандидата юридических наук. В 2013 году получил степень LL.M. в Гарвардской школе права.

В 2015 году получил степень магистра государственного управления (MPA) в Гарвардской школе им. Джона Ф. Кеннеди.

Дмитрий являлся участником Рабочей группы по разработке «дорожной карты» по совершенствованию корпоративного управления при Агентстве Стратегических Инициатив. Член Президиума Арбитражного центра при Институте современного арбитража. С 2017 года — член Экспертного совета по корпоративному управлению при Министерстве экономического развития РФ. 

Член Адвокатской палаты города Москвы.

Profession — Lawyer

A lawyer is a qualified legal professional. Specializations can be different: judge, lawyer, notary, prosecutor, bailiff, legal consultant, law enforcement officer, investigator, etc.

The place of service and focus of activity determine the duties of a lawyer, but his work is always centered around the law.

Representatives of this profession provide legal advice, research, collect and process information, protect and prosecute people, draft legal documents, draft laws, etc.

The origins of the profession date back to ancient Greece, when orators spoke on behalf of their friends or citizens at their request.

They performed the role of legal advisers, but according to the then existing legislation, they were not entitled to any payment for their services. The first lawyers to receive remuneration for their work were ancient Romans.

This happened around 204 BC when Emperor Claudius legalized this profession and lifted the ban on fees.

Salaries of a lawyer around the world

CountryMin. salary/yearAvg. salary/yearParalegalJudicial SecretaryProsecutor Judge
US 59,664 USD 122,952 USD 65,827 USD 56,194 USD 66,208 USD 240,000 USD
United Kingdom 26,736 USD 93,614 USD 30,759 USD 28,945 USD 80,240 USD 242,727 USD
Australia 30,314 USD 76,344 USD 40,495 USD 39,724 USD 58,937 USD 49,419 USD
Canada 40,406 USD 83,415 USD 40,398 USD 38,452 USD 61,313 USD 252,288 USD
Germany 44,536 USD 104,593 USD 41,128 USD 25,507 USD 128,512 USD 82,140 USD
France 48,990 USD 114,715 USD 53,192 USD 46,413 USD 95,675 USD 66,177 USD
Russian Federation 4,046 USD 9,441 USD 5,395 USD 2,697 USD 16,184 USD 40,461 USD
Czech Republic 28,222 USD 39,712 USD 23,933 USD 17,738 USD 42,836 USD 35,935 USD
China 50,339 USD 109,506 USD 41,511 USD 19,451 USD 109,506 USD 40,674 USD
Singapore 63,019 USD 137,113 USD 29,456 USD 31,150 USD 274,665 USD 70,092 USD
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Advantages of the lawyer profession

  • Relevance of the profession. Lawyers are needed always and everywhere. A wide range of activities is concentrated in their hands: lawyers develop legislation, carry out reforms, govern the state, decide the fate of people, protect victims and innocents, establish justice, accompany transactions, contracts, and much more. As long as there are legal states, lawyers will also have work to do.
  • A large number of career options. There is a wide range of career options and jobs for lawyers in both the private and public sectors. You can choose a quiet office job and become a notary, or find a job in a court — a place full of events and important decisions. Also, lawyers work in government agencies as civil servants. Having gained experience, you can go independent and become a private lawyer and either take on quieter civil cases or, go for serious criminal cases. If a lawyer is passionate about real estate, internal planning, or corporate law, then work can be found in a specific area in firms and enterprises.
  • Intellectual growth. Working as a lawyer is a daily mental work. Responsibilities include constantly reading documents, writing lawsuits, drafting speeches, developing strategies and lines of defense in courts, searching and processing large amounts of information. In addition, a lawyer must navigate endless amendments to laws and the political situation in the world and in the home country. In short, constant self-development, self-education, and work practice accompany a lawyer throughout the career.
  • Prestige and respect. The legal profession is automatically associated with a complex legal language, difficult studies, the ability to speak beautifully and professionally, as well as possession of secret and valuable knowledge. Therefore, society at the very least respects lawyers, and in some cases is terrified of them. People often try to make friends with lawyers, because it is always useful to have a friend or acquaintance in jurisprudence. After all, knowledge of the laws is important not only for a professional but also for all citizens living in a state governed by the rule of law.

Disadvantages of the lawyer profession

  • Career building. Due to high competition and a vague idea of ​​the career path, young lawyers are often lost and do not know where to go after graduation. Therefore, it is important to test your strength and train in different areas in order to determine the direction of your career, before you even graduate.
  • Difficulties in finding a job. Universities annually release thousands of young professionals to the labor market, which is already overcrowded with lawyers. Therefore, from the get-go it is difficult to find a job, not only because of a lack of experience but also because of the high competition among the same young graduates who are passionate about the profession. Moreover, enterprises are looking for already experienced professionals, which, despite a large number of lawyers, is a rare occurrence.
  • Constant stress. Responsibility for the fate of thousands of people lies on the shoulders of lawyers and judges. And when defending victims, a lawyer is faced with negativity at best and people's grief at worst. All this leads to a lot of stress and anxiety. Therefore, a lawyer needs to be able to abstract and not take everything to heart. At the same time, it is important to keep a balance, otherwise, there is a risk of becoming cynical and cold, or becoming too sympathetic and burned out. Besides, the «habitats» of lawyers are not the most rosy — lawyers, judges, and prosecutors spend a lot of time in courts and prisons. As a result, depression, mental health problems, and suicides are increasingly common among professionals[0][1].

Legal specializations

There are a large number of legal specializations: it can be anything from the law in the field of sports and entertainment to the protection of animal rights. The most common programs are jurisprudence, corporate, labor, and international law. Rarer but also promising programs could be:

  • Ecology and sustainable development field. Business development in the field of ecology, ethical products, and green building leads to high demand for lawyers of this specialization. Environmental requirements for business activities and insufficiently detailed regulation of this issue at the legislative level creates jobs for lawyers accompanying business and developing legislation.
  • Copyright law. The purpose of IP is to give people an incentive to make creative or scientific works that benefit society. The law guarantees profit from a work to its creators, and prevents the misappropriation of revenue and control over the proper use of the intellectual property.
  • Cyber law. Humanity has changed with the advent of the Internet and modern technology. Almost all spheres of life have migrated from paper and hard copies to virtual databases and websites. Consequently, relationships are now being built on the internet. The regulation of it at the legislative level is no longer the assumptions of the futurists, but long-term real practice. Illegal activity online is viewed as a criminal offense in many countries. This field is quite young and continues to develop, so the demand for highly specialized cyber law specialists is steadily growing.

A list of possible directions in jurisprudence can be found here. Descriptions of some of them, accepted abroad, are here.

Read more

How to become a lawyer?

To become a lawyer you will need education. There is secondary legal education in colleges, but higher education in universities is preferable for a career and knowledge purposes. Jurisprudence refers to humanities and social sciences. Good lawyers are distinguished by intelligence and versatility.

Therefore, a future lawyer needs to read a lot, be interested in the legislation of his country, follow the news and events at home and in the world. Sometimes a lawyer unexpectedly has to understand the legality of using lathes or what qualifies as smuggling of beauty products from China, so knowledge in a variety of areas does not hurt.

Participation in debates is also useful to develop the ability to reasonably argue your case.

Specialized vocational law education

It is not really common for the countries to have a specialized secondary law education. In that case it is almost impossible to become a legalized lawyer after such education.

The most feasible career would be a legal assistant or a paralegal.

For example, there is no non-tertiary education in law in the USA, however elementary, secondary and high schools include law-related subjects in their curriculums.

However, many countries have developed VET (vocational education and training) education. For example, Australia has a lot of TAFE colleges that offer legal education. Graduates can find a job as paralegals, legal secretaries, legal services support officers, etc.

Higher law education

University studies are generally more difficult and demanding. Bachelor's degree in law usually lasts for 4 years. Common disciplines in the specialty of jurisprudence: constitutional, civil, criminal, labor, financial, tax, land law, civil and criminal procedure, and others. Every year the subjects become more specialized and complicated.

In universities, students can independently search for a place to undergo internships, or they can choose from the organizations offered by universities. As a rule, general subjects are studied for the first year or even a semester, and then students independently choose a specialization.

Practice begins immediately after the 1st year, often at the initiative of students.

Read more

Legal programs of the best foreign universities 2020

№QS subject ranking 2020UniversityBachelor’s/yearCountry
1 Harvard University 65,875 USD USA
2 University of Oxford 36,489 USD United Kingdom
3 University of Cambridge 29,725 USD United Kingdom
4 Yale University 57,700 USD USA
5 Stanford University 21,450 USD United States
6 London School of Economics 28,846 USD United Kingdom
7 University of California at Berkeley 44,000 USD USA
8 Columbia University 72,352 USD USA
9 New York University 68,348 USD USA
10 University of Melbourne 32,035 USD Australia

Admission requirements

Is Corporate Law for You? 4 Things to Know

If you're interested in business and law, a career in corporate law offers a way to work in both worlds.

Depending on your experience and expertise and the needs of the business you serve, your responsibilities as a corporate law attorney could range from negotiating contracts with suppliers to identifying legal risks in a merger to guiding management on regulatory and compliance matters.

Regulatory demands are spurring corporate legal departments to go head-to-head with law firms for talented legal professionals, particularly those with compliance, corporate transactional and contract administration backgrounds. Renewed business growth and rising workloads are other factors driving hiring in the field of corporate law.

Many corporate legal departments are growing their teams because they need to watch the bottom line in a post-recession environment where businesses remain highly cost-conscious.

This staffing strategy may sound counterintuitive — expanding payroll to reduce costs.

But it's a way for in-house legal teams to handle rising workloads and increase efficiency while reducing their dependency on the services of outside law firms, according to Robert Half Legal's Future Law Office report.

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If a corporate law career track sounds enticing to you, here are four things you should know before sending your resume to prospective employers:

It helps to be a specialist

Most corporate law departments are looking for legal professionals with specific skills.

They need specialists to help them support higher demand for business-related legal services, including commercial litigation, contract management and patent filing.

These specialists get ample opportunities to deepen their expertise, which can make them even more marketable for future roles in law or business.

Robert Half Legal is the premier provider of legal staffing and consulting solutions for law firms and corporate legal departments. Let us help you find the right job for you.

Business acumen is a bonus

Many corporate legal departments are also seeking new associates with relevant business experience — and if that experience was earned in their industry or a related sector, all the better.

Legal professionals with keen business acumen are valued for their ability to understand how decisions affect clients, other departments and the company as a whole.

Corporate legal departments are expected to help company leadership identify new business opportunities that don't pose significant risks, according to the Robert Half white paper The Specialist Economy.

Information technology knowledge may be required

Across the legal profession, advanced technical skills are needed. Data privacy and data security are top concerns for corporate legal departments.

This is because most businesses rely heavily on technology not only for everyday operations but also to build their brands, interact with customers, innovate and more.

It is therefore essential for corporate law attorneys to understand the many ways technology supports the business, and the potential risks that devices, systems, applications and new ways of working, such as cloud computing, may pose.

According to the Future Law Office report Client Dynamics Driving Change in the Legal Profession, managing data access, retention and protection has become a priority for in-house counsel. Data security regulations are also driving greater collaboration between legal departments and IT teams.

Work-life balance could be hard to maintain at times

Some legal professionals choose the corporate law path specifically because they want to improve their work-life balance, which can be hard to do in a traditional law firm environment.

It's true that corporate lawyers don't need to worry about the constant pressure to rack up billable hours or to build books of business, but this doesn't mean they are free from stress, long hours and sometimes tedious work.

Corporate law

Body of law that applies to the rights, relations, and conduct of persons, companies, organizations and businesses
«Business form» redirects here. For types of business entities, see List of legal entity types by country.

Corporate law
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Corporate law (also known as business law or enterprise law or sometimes company law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations. Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation.[1] It thus encompasses the formation, funding, governance, and death of a corporation.

While the minute nature of corporate governance as personified by share ownership, capital market, and business culture rules differ, similar legal characteristics — and legal problems — exist across many jurisdictions.

Corporate law regulates how corporations, investors, shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community, and the environment interact with one another.

[1] Whilst the term company or business law is colloquially used interchangeably with corporate law, the term business law mostly refers to wider concepts of commercial law, that is the law relating to commercial and business related purposes and activities.

In some cases, this may include matters relating to corporate governance or financial law. When used as a substitute for corporate law, business law means the law relating to the business corporation (or business enterprises), including such activity as raising capital, company formation, and registration with the government.


Academics identify four legal characteristics universal to business enterprises. These are:

  • Separate legal personality of the corporation (access to tort and contract law in a manner similar to a person)
  • Limited liability of the shareholders (a shareholder's personal liability is limited to the value of their shares in the corporation)
  • Transferable shares (if the corporation is a «public company», the shares are traded on a stock exchange)
  • Delegated management under a board structure; the board of directors delegates day-to-day management of the company to executives.[1][2]

Widely available and user-friendly corporate law enables business participants to possess these four legal characteristics and thus transact as businesses.

Thus, corporate law is a response to three endemic opportunism: conflicts between managers and shareholders, between controlling and non-controlling shareholders; and between shareholders and other contractual counterparts (including creditors and employees).

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