What is The Difference Between a Corporate Lawyer And a Business Lawyer?
Any business that manages to find its footing and eventually grow to a point where it needs the legal protection that the government offers to them will want to look into turning into a corporation in some way, shape or form. A big part of the reason why that is the case has to do with the fact that corporations can have their stocks traded on an open market which gives them a huge level of liquidity which they can put towards expanding their operations at any given point in time to increase their profit levels and margins.
That said, corporations don’t always need to hire corporate lawyers, and in some cases hiring a business lawyer would be well worth their while instead. Suffice it to say that a lawyer like McLeod Brock can likely hand both ends of the spectrum, but it can still be useful to understand what differentiates corporate lawyers from business lawyers. To put it plainly, a corporate lawyer will handle things like sales of goods and their distribution from a legal point of view, whereas a business lawyer will have more of a focus on things similar to mergers and acquisitions.
Both lawyers are essential for the overall smooth functioning of our corporate systems, and they are required to ensure that all businesses operate fairly. You will likely need a corporate lawyer to make it so that your sales and logistics are being handled in the appropriate manner, but if you ever need to merge with another company or perhaps even acquire it, a business lawyer would be the one that you need to end up looking for.