As a small business owner, you need to be aware of all the legal requirements involved in running your business. One department that many business owners rely on is their business lawyer. Business lawyers oversee key business transactions, contracts, and offer advice when companies are reorganizing or going through mergers. To become a business lawyer, successfully completing law school and earning a JD degree is the first step. You do not need to have an extensive background in business to be a good business lawyer; however, it is helpful to be familiar with basic business concepts and terminology so you can better understand the needs of your clients.
What is the best major for a business lawyer?
The most important trait of a good Business lawyer is knowledge of the law. You must be able to analyze and interpret laws in order to help your clients navigate complex legal situations. You will often deal with issues such as employment law, tax law, securities law, real estate law, and insurance law, so a solid understanding of these fields is necessary.
In addition to legal knowledge, you must be able to effectively communicate and explain complex legal issues to non-lawyers. This is particularly true if you are handling employment-related matters such as sexual harassment or wrongful termination. You must also stay current with new laws that may affect your client’s businesses. This can be done through seminars, articles, and books. It is also helpful to network with other business owners and learn what kinds of legal issues they are facing so you can better assist them.