Life is full of tough choices and one that probably feels the most pressing is what to study in college. It’s important to pick a subject that matches your interests, skills, and goals.
More specifically though, you should start narrowing down your options based on particular career paths and thinking of sectors you might want to focus on.
If you’re a person driven by an unwavering passion for justice, helping others, and making a positive impact on society at large, a law career that allows you to serve the business sector could be a fantastic fit.
Exciting Opportunities for Income Diversity
You may initially think your time as a business lawyer will mostly be spent in courtrooms or in your office during client appointments but that’s not necessarily true. There are many ways you can earn income outside of those traditional settings.
Once you become well established in your field, your reputation may cause you to be in demand for speaking engagements at legal conferences around the globe. University department heads may also get in contact to see if you’d be interested in teaching a business law class or two.
You might even decide to share expertise on a much broader scale by writing a book about tips for new entrepreneurs or maintaining a popular blog that dispels persistent myths and helps people avoid making business law-related blunders.
Chances to Keep People Safer and Strengthen Business Integrity
Counterfeit products are found in today’s society a lot more frequently than people think. For example, representatives from Apple targeted products sold through Amazon.com and found almost 90 percent of items on the site that were marketed as being manufactured by the Apple were actually counterfeit. Most of them were traced back to a small company in New Jersey and Amazon eventually stopped selling the products.
The imitation items looked like genuine Apple products and were sold at prices consistent with the real things. So, it’s not surprising customers fell for the trick.
However, the tactic spelled potentially bad news for Apple and Amazon. Consider how you would feel about either company if you purchased a fake iPhone charging cord that seemed real but got so hot while in use that it caused your hand to get burned when you held your phone? Instantly, your opinions of Apple and Amazon would probably go down and you’d regret the purchase.
As someone who specializes in business law, you could make a direct impact on companies that sell counterfeit products and hurt people, companies, and economies in the process. That’s especially true if these kinds of cases progress to an intense level that involves multiple lawsuits.
Offer Valuable Guidance to Faltering Companies
Even the best business ideas don’t always take off. Similarly, there are cases when formerly profitable and highly competitive companies fall on hard times and have to close their doors or at least file for bankruptcy.
Suzzanne Uhland is one example of a prolific individual in the field currently fulfilling a necessary role by representing and restructuring distressed transactions. Through over 20 years in her field, Uhland has worked with major businesses such as Spyglass Entertainment and New Century Financial Corporation while serving as a partner at a law firm that caters to clients in the Californian destinations of Newport Beach and San Francisco.
The process of dealing with a bankruptcy often feels so devastating that it humiliates the business leaders involved. After earning your business law degree, you could encourage clients to look at bankruptcy from the lesser-known perspectives and make them realize that although it’s daunting to work through a bankruptcy filing, you’ll be there to offer solid legal advice every step of the way.
Play an Important Role in the Formation of New Companies
Are you fascinated by the entrepreneurial, televised competitions where participants pitch ideas to panels of judges and hope to get the necessary funding to bring those concepts to life? As a business law professional, you’ll get to be directly involved in how some of the companies that develop and sell those kinds of products come to be.
That’s because many people hire lawyers to learn about the different types of business entities and get assistance with choosing the best option. There’s only so much information people can gather by reading websites and books and because decisions related to business entities are so important, individuals often realize it’s not wise to make final choices without legal consultations.
When talking with clients who have hired you to talk about matters related to business law, you may initially only meet with them to talk about topics like business structures but find they trust you so much, long-term working relationships form. In that case, you can watch what may become the biggest future brands in their earliest stages.
These are just some of the major reasons why you may find that a career in business law is extremely satisfying. It’s a line of work that could change your life and the lives of others.