The difference between a corporate and a business lawyer
Generally, corporate lawyers in Nigeria regularly advise clients on mergers, acquisitions and take-over of companies. They may be referred to as In-House Counsel, Staff Attorney, General Counsel, or Chief Legal Officer. Corporate Lawyers act as consultants to multinational companies seeking to increase their investments in Nigeria. Also, they give legal advice on corporate structure and current changes in laws.
On the other hand, business lawyers educate clients on applicable laws and best practices and represent them in legal matters. They help businesses in maintaining legal compliance. Also, business lawyers can develop systems to monitor operations and minimize risks.
It might be difficult to differentiate a business lawyer from a corporate lawyer, particularly in Nigeria. Oftentimes, both lawyers cover the legal aspects of a company in terms of company acquisitions, mergers, formation, and shareholders’ rights. However, corporate lawyers usually represent bigger companies and are sometimes referred to as transactional lawyers. Only top companies can afford the services of both a corporate lawyer and a business lawyer.
In any case, businesses need a lawyer to help build their corporate structure on a solid legal foundation. A lawyer will not only help you determine the best business structure but will also help to organize your business operations. Therefore, whether a business or a corporate lawyer, both can provide you with the legal advice you need to protect your interests and grow or maintain your business.
Final Thought
If you are considering starting a new company or want to expand an existing commercial enterprise by creating a new entity, you will want an experienced, skilled and knowledgeable lawyer to help you choose the best legal structure for your new business. You would want a lawyer who will carefully examine your business and objectives, and recommend the structure that is suitable for your business operations and best protects your interests. Chat with one of our lawyers and be rest assured that a positive result will be attained.
