Corporate Lawyer, Like any other profession, the legal profession is divided into many disciplines; Not all lawyers are the same. Each of them has its own specialization and nature of work. Among the most prominent specializations of lawyers are the corporate lawyer and the free lawyer. Therefore, in this article, the legal advisor, Yasser Salama, will tell you the difference between a corporate lawyer and a freelance lawyer, and how you can become a corporate lawyer.
Difference between a corporate lawyer and a free lawyer
In order to learn about the difference between a corporate lawyer and a freelance lawyer, we will talk about each of them separately.
- Corporate lawyer
A corporate lawyer is the lawyer who legally manages the business of the company, from its incorporation, through amendments and mergers, to liquidation and dissolution.
Terms of reference
A corporate attorney works in the company’s legal department. Among his most prominent specializations are:
Drafting contracts and following up on their conclusion in a legal manner that preserves the company’s rights and obliges it to fulfill its duties.
Manage all issues related to the company.
Providing legal advice to the boss.
Follow up on employee complaints or complaints against the company, research them, and take the necessary legal action.
Enforcing the law in the company and following up the progress of work to avoid any financial fines for the company.
Follow-up of the company’s board of directors meetings.
Follow up on the tenders and auctions that the employer performs.
Participate in the management of the company and work to develop its work.
Investigating employees referred to legal affairs.
You do not need to go to the courts and deal with bailiffs because the majority of work as a corporate lawyer is done in the Investment Authority.
It helps you to apply in one of the international law firms that depend 90% of their income on companies.
appropriate financial return.
The ability to become self-employed after a short period of training.
Establishing good relations with businessmen and company owners.
- The Free Advocate
A freelance lawyer is a lawyer who works as an apprentice in a law firm or works on his own account by establishing a law firm in his name. A free lawyer is a lawyer who does not work for any public or private sector company or institution.
Terms of reference
The specialties of the freelance lawyer vary between:
Misdemeanor and criminal lawyer
Lawyer specialized in personal and family issues
Administrative cases lawyer and state council.
Now we have explained to you the difference between a corporate lawyer and a freelance lawyer, and here are some other important information related to this matter
Is it permissible for a lawyer to practice trade? (The difference between a corporate lawyer and a freelance lawyer with regard to the practice of trade).
Difference between a corporate lawyer and a free lawyer
Until now, a lawyer (corporate or freelancer) may not practice commerce besides the legal profession. This was confirmed by Ministry of Justice in accordance with the law regulating the legal profession, which states that it is not permissible to combine the legal profession with the practice of commerce. This results in the inability of the lawyer to practice the legal profession throughout his work in commerce. It will also be transferred to the non-practicing lawyers’ roll.
Advantages of working as a corporate lawyer
Studying law opens the door to many jobs, including the corporate lawyer, which is considered one of the most important roles in the success of commercial activity because of the advice and opinions it provides, in addition to the many advantages that are unique to corporate lawyers.
Diversity of opportunities
There is no commercial activity, whether small or large, that does not need legal transactions, which are the core of the specialization of corporate lawyers. All commercial and investment activities need work regulations and drafting of contracts in addition to dealing with taxes and banking agencies. This makes job opportunities in this field diverse and many.
An outstanding career
As a corporate attorney, the opinions you provide influence key business decisions and executives, senior management, and other high-powered individuals often rely on their attorneys for information and opinions when making choices that could shape the future of the business, such as mergers and acquisitions.
In addition to your participation in important meetings that make you aware of the secrets of commercial activities, so that you can strengthen your decision-making skills and develop leadership skills
Diverse business relationships
Corporate lawyers are always close to managers and employees, and you can share your knowledge to help them achieve their goals. Corporate lawyers often cooperate with their non-legal colleagues, such as managers, accountants, human resources, financial managers, and others, providing him with a strong and diverse network of relationships.
Higher average salaries
Corporate lawyers earn an average salary that is almost twice as high as many other lawyers, and some firms also offer corporate lawyers a commission or bonus when the company succeeds in certain deals. Salaries vary based on factors such as experience, location, and employer, but overall, corporate law is a lucrative career.
Unlike litigation that lasts for years, the results of work in the corporate sector are seen quickly, as financial and commercial transactions often do not take long, in line with the speed of commercial activity.
Away from the crowds of the courts
Corporate lawyers rarely come to court or argue during litigation because financial and business transactions often depend on proven paperwork. If you prefer to spend your days in an office working privately or participating in meetings, corporate law may be a career for you rather than dealing with court cases. Your primary duties may include writing legal documents, advising executives, and negotiating contracts with clients, partners, and stakeholders.
Gain professional experiences
Corporate lawyers typically have a deep understanding of business practices and regulations. In this profession, you may become an expert on topics such as contracts, mergers, and capital. You can also learn about business strategy by observing key decision makers. This specialized knowledge may enable you to grow your long-term career and expose you to new areas of interest that you can draw from when pursuing future employment opportunities.
Opportunities to travel domestically and abroad
Many corporate lawyers work with teams in multiple locations and as a corporate lawyer, you can travel domestically or internationally to attend meetings, conferences and events. If you desire a career that exposes you to new cultures and environments, being a corporate attorney may connect you to these experiences.
Some of the tasks and duties of a corporate lawyer
Representing the organization before the courts in legal cases.
Drafting contract terms and conditions for commercial transactions and employment contracts.
Providing legal advice to make the decision in a timely manner
Follow-up of any claims or complaints that may come to the company from within the company
Effective follow-up of the legal situation, especially in the field of the company’s business, in order to avoid legal issues
Follow-up and supervision of commercial tenders or auctions
Attending and following up the company’s board of directors meetings.
Giving legal advice on issues related to government departments and institutions
Follow-up of various legal ratifications and licenses
Drafting all the correct legal drafting decisions issued by the administration
Presiding over administrative committees that oversee investigations related to employee violations,
Representing the company’s employees in complaints filed against them.
Preparing legal notes explaining the laws, regulations and legal procedures of the institution
Follow-up on what is introduced or amended in terms of amendments to local laws.
Active participation in the rehabilitation programs for employees with regard to legal dealings.
Some of the skills needed to work as a corporate lawyer
In addition to knowing the legal aspects related to the work of companies such as labor law, taxes, intellectual property and other laws, the corporate lawyer profession requires some personal skills, including the following:
Part of the basic tasks of corporate lawyers is negotiation, whether it is the drafting of contracts, or tenders and auctions, so the negotiation skill is considered one of the most important skills that corporate lawyers must master.
2- Research skills
The world of business and finance is changing rapidly, and this requires the ability to keep up with and know developments in the field, and a good follow-up of the latest business news
3- Effective communication skills
Being a corporate lawyer, this puts you in constant contact with senior management, executive management, and employees, in addition to the company’s external dealings and dealing with government institutions related to commercial activity, so communication skill is essential to ensure access to the desired results of legal work
4- Knowledge of the commercial activity
A corporate attorney is often an income business specializing in a specific industry or trade, so develop
Your knowledge in this field gives you an advantage and clearer vision when making decisions
What are the competencies and duties of a corporate lawyer?
What are the competencies and duties of a corporate lawyer?
What are the most important functions of a lawyer in the legal affairs department of any company?
1/ Case management. 2/ Drafting contracts and following up on contracts concluded. 3/ Providing legal advice. 4/ Following up on complaints, examining them, and conducting necessary investigations. Sending work stubs within the specified period and providing the necessary data and papers in the file of each worker. 6/ Follow up on the process of tenders and auctions that take place from the employer and follow up the meetings of the Board of Directors. 7/ Participate in the management of the company and the development of its work.
Corporate lawyers have multiple functional specializations, beginning with the procedures for establishing and publicizing companies
Implementation of legal regulations in companies
- Investigating with the employees referred to the affairs Legal investigation and necessary action
Also, he pleads before the judiciary to defend the companies, if they are litigants in the lawsuits that are filed against them, presents defenses, drafts contracts and reviews them.
- Whether for the company or others, and he is responsible for the company’s legal problems of all kinds
He must be familiar with corporate law, commercial law, administrative law, international law, drafting contracts, agreements, investigations with employees, labor law, and the internal regulations of the company. An employee and a worker in the company… so that he knows their deficiencies and shortcomings
The legal department in every company should be divided into several sections:
1- Case management
2- Investigations Department
3- Follow-up Department
4- Corporate management
The Director of Legal Affairs must choose the lawyers in each department according to their scientific and practical capabilities, in addition to the process of comprehensive linking between these departments so that each department does not work in a different direction from the other, and this leads to legal problems for the company, through periodic, weekly and monthly meetings to measure The extent of completion and follow-up of all the details of issues and other administrative work. The role of the follow-up department is to prepare reports on the work, the extent of its completion, what has been done and what is to be completed, the renewal dates of the company, its licenses and all its legal papers so that the company is not exposed to legal problems and Material due to not finalizing these papers and the role of the companies department is to deal with all government agencies and finalize all the papers related to the company in these bodies and agencies. Finally, full coordination must be made between the Department of Legal Affairs and all other departments of the company for the benefit of the company Assistance in providing full legal protection for the entity under which they work.
Ensure that the wording of the terms and conditions of the contracts with the second party is clear, unambiguous and unambiguous, to ensure full legitimacy rights
Manage the work and activities of the Legal Affairs and Contracts Committee electronically and provide basic information about the contract, expiry date, and notice period to choose regarding contract renewal, value, address etc. .. In order to preserve the company’s rights and responsibilities
Building relationships with legal institutions, which in turn provide the necessary legal support
Develop legal strategies and public policies to help reduce lawsuits and overcome disputes and problems with other parties.
Contribute to the resolution of disputes and issues relating to investors and clients when needed.
Monitoring laws and regulations that affect the work of the government committee, and submitted to the CEO of the competition and making the necessary legal recommendations.
Representation before courts and legal institutions and other legal issues management.
Executing supervision and follow-up.
The tasks of investigating directly with employees in administrative and financial violations. Issuing appropriate disciplinary penalties.
Participate as a member of the law in the tender committees of the Authority and provide legal advice on them.
Developing and preparing legal directives to interpret laws, regulations and procedures from the legal dimension.
Preparing periodic reports and related legal aspects.
Review complaints and provide legal guidance to resolve them and preserve the rights of complainants and management.
Oversee the collection of evidence that will help support the position in legal cases.
• Participation in conferences and events and representation of the department and externally.
• Commitment to work to achieve the text of the message and the institutional values of work.
• Commitment to achieving all strategic objectives on time as planned and expected.
• Facilitate access to foreign legal sources when needed for all Authority employees.
• Contribute effectively to the rehabilitation program for new employees who join work.
• Developing the company’s legal procedures, and participating in the preparation of new laws and legislations.
• Perform any other job responsibilities.
Familiarity with both laws (civil and commercial) is an obvious matter that must be available in the company’s lawyer, but the most important of these specializations is the necessity for the lawyer to know all matters related to labor issues, from the texts of legal articles and the nature of provisions and before how to investigate with the worker, as the worker is the main pillar In the company’s system and without knowing how to deal with the worker legally, the company may bear many financial burdens in the event that all precautionary measures are not followed with the troublesome worker, or it will be negative for the dedicated and sincere worker in his work, which may make the company vulnerable to losing a good employee