Research Topic Outline
Topic: Adopting and Importance of Corporate Legal Strategy
I. Introduction
Government administration of any country is extensive and plays crucial role of ensuring welfare to the people. Any countries government services exercise the authority and produce their services through diversity of schemes. In the interest of creating confirmation of having exercised the best care to protect the data on the manufacturing firm’s networks, the legal counsel started urging the firms to actively invest in the quality procedures and technology that will collect bulk of judicially sound data defensible by the law. The intense situation that led to remodel the traditional or old models for the rate of response is to include this
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c. Cost Effectiveness: While you may cost high in terms of fees, you will spend less on the legal fees in long run with reduced issues that will decrease during a negotiation and also with any of the future issues that are results of poor legal advice.
d. Helps you consider the future. As the company goes through many permutation during its life, a good and most experienced lawyer will not only help the firm with current situation, but also helps in preparing the firm for the situations to come in future, be they setting up the company in a specific way, to how the firm should try and best negotiate with the potential investors.
II. Background
Before hiring a company’s legal counsel it’s important to better understand the company’s expectations when it decides to recruit an in-house attorney. The information will shape the priorities of the counsel and also the legal department’s priorities and this enables a first general counsel to meet its client’s expectations. Understanding the firm’s expectations needs ascertaining both the traits that companies expect from in-house counsel and the business more specific expectations for the role of its legal counsel.
Characteristics for Determining Legal Counsel
The Legal counsel has the challenge of connecting with the several layers of structures in a corporate layer, which also includes
Drew A. Senulis is an Associate Attorney with Patel Gaines. He represents clients in a broad range of complex commercial real estate litigation and transactions. Drew emphasizes that though a great number of business people may understand their industry and business procedures, some may not be wholly aware of the legal nuances that can influence their business. He also understands that a vast amount of attorneys remain inexperienced with business operations – making them less effective advocates. Drew’s focus is to close that gap for his clients by successfully combining his strong foundation of legal expertise and business experience.
Furthermore, legal representation allows you navigate laws that you would not have been aware of absent representation. This legal representation is very helpful as many may not know the rule of the law or understand it. Therefore the legal representation can help the person to understand the case and it is more likely to result in a fair trial that will achieve the required outcome.
Melvin, S. P. (2011). The legal environment of business: A managerial approach: Theory to practice. New York, NY:
They are skillful and can handle every family related case aptly and will assist you accordingly. These lawyers also adhere the skills of handling sensitive issues related to the case. Choosing a legal advisor with such skill, knowledge and experience will be the first step to win the case in your favor. The role of a family lawyer cannot be ignored. You can discuss all your personal issues with him from custody of child to guardianship and in some cases even divorced. Family lawyers help you in taking a life changing decision to make a better future. They show you the right way throughout the process so that your complicated issues can be sorted and settled.
“.06 An auditor ordinarily does not possess legal skills and, therefore, cannot make legal judgments concerning information coming to his attention. Accordingly, the auditor should request the client 's management to send a letter of inquiry to those lawyers with whom management consulted concerning litigation, claims, and assessments.
|Readings |Read Ch. 1, 2, 3, 4, & 25 of The Legal Environment of Business. | | |
Legal Know-How: For most of us, the legal arena is a world full of confusing terminology and labyrinthine routes of red tape. When you hire a bankruptcy lawyer, he or she is a knowledgeable professional who has a thorough understanding
Hence, the lawyers here are important. Professional needs to have a broad perspective to serve the society
Budget and Deadlines – A legal counsel works like a paper to the business they serve. It is important they show clear understanding of the business MMC is into, and know the impact of budget and deadlines to ensure their services support MMC’s business objectives and strategies.
Prior to a corporation or its employees taking action, it usually requires an informed legal advice. Legal direction may be either taken or dismissed; the point is that in order to provide an informed decision counsel and its direct reports are provided with confidential information. Counsel reviews the confidential information and provides an opinion on the issue. This opinion may or may not support the legality of a matter and the company may or may not act because of the information provided, however, the confidentiality of the initial information provided, the attorney’s thought process, as well as all reasoning associated with this process needed to be retained as confidential.
Describe how the concept of agency affected the parties’ legal positions in the case study. Did the agents help or harm their clients? Why?
Their UAE offices serve as the pivot of Reed Smith’s practice in the Middle East, South Asia and Africa. Reed Smith’s Middle East offices provide their clients with guidance about issues related to investment, joint venture and agency arrangements, corporate finance, energy, shipping, telecommunications, dispute resolution and intellectual property protection. In addition, they provide advice on some of the most prominent construction disputes and settlements in the UAE and worldwide. Their team of multilingual and Arabic speaking lawyers in both Abu Dhabi and Dubai offices provide inclusive legal services and advice to local entities, as well as international companies that have operations in the UAE or are interested in this region. Some of the entities they counsel include ADCB – Abu Dhabi Commercial Bank, Union National Bank, Ali & Sons, Aggreko, EcoLab, and EGA - Emirates Global Aluminium. The unit I am interning at is the financial industry’s group practice team. This department deals with corporate, commercial and VAT law. Their main clients are usually banks and borrowers. So far, I have received training in the field of international, corporate, and commercial law, and related legal drafting. In addition, I am also having experience of office management procedures that are relevant to an international law
On the other hand, at some big law firms where works are hoarded, colleagues actively undermined and attorneys jump ship for competitors offering higher salary bumps. The high turnovers can lead to instability. However, Duane Morris has successfully managed to gather a group of attorneys who share responsibilities. The collaboration allowed multiple attorneys with differing expertise to work together and help each other. In this case, the company is able to take on increasingly sophisticated client works, which in turn let Duane Morris charge higher prices to offer more decent salary to their employees. Second, the culture focuses on equality and building a democratic organizational structure, which facilitate the internal collaborations. Duane Morris is structured as a hybrid of Organic Structure and Matrix Structure. Partners are happy to push down and give more responsibility so that the decisions can be distributed to lower levels. Meanwhile, the works at Duane Morris are highly differentiated and attorneys have their own specialized arrears. Everyone is available to reach out through both the top-down and down-top communications, which build integrating mechanisms. Besides, the “No
The role of in-house counsel has evolved over the years to that of both legal strategist and business advisor as they are increasingly tasked with managing the legal and ethical complexities related to growing their businesses.
Datamonitor (December 2005) “Global Legal Services—Industry Profile”. Business Wire (July 2007) “An In-Depth Analysis of the Indian Vendor Space along with Profiles of All Major Industry Players”.