When considering a career in law, business law may not be your first choice. You may think you want to do something more exciting like criminal law or family law. Business law can be just as rewarding. To investigate what skills you need to be in business law, keep reading.
Let’s first define “business”. A business, also known as a firm, is a legally recognized enterprise that is constructed to provide goods and services to the customers or the consumers in the exchange for the currency or money. Business Law is the body of the law that carries out the commercial and the business deals. Business Law is many times considered as a part and parcel of the civil law and it deals with the issues of both public law and private law.
What does a business lawyer do? A Lawyer who deals with the business issues is known as the business lawyer. He or she is the one who reviews all business documents, provides legal advice, files all briefs and negotiates contracts and other business dealings. Lawyers who deal with business issues assist business tycoons in gaining the knowledge of the business laws with respect to security, licensing, bankruptcy, taxes and labor. Lawyers dealing with business issues also represent their clients in civil and criminal court of law.
Educational Requirements for the lawyers handling the business lawsuits
- It is necessary to achieve a four year graduation in any area of law with a high grade point average (GPA). It is a prerequisite condition necessary to apply to the law college or a law school in order to gain admission to the law college or the law school that is recognized by the American Bar Association.
- It is compulsory to appear for the Law School Admission Test (LSAT) in order to get admission to a law college or a law university that is recognized by the American bar Association
- After completing three years of graduation in law, the law graduate is required to clear the state bar exams in order get a license to practice law in the state court of the respective state in which the law graduate has acquired the law degree
- If the lawyer specializes in the various subjects like business laws, constitutional laws, company laws and contract laws during law school or post law education it gives the lawyer an advantage when the lawyer practices business law cases in the court system.