When you announce to someone that you have a law degree or that you are an attorney, it tends to get attention. Earning a law degree takes stamina and dedication as well as a degree of intelligence.
Deciding to pursue law only to impress your friends in colleagues is probably not wise. Studying law is an amazing experience. You put yourself to the test, and it is very rewarding to walk across the stage and accept your degree knowing you earned it.
The study of law teaches you more than just how to read legalese, defend a client, write a contract and understand the law, it teaches you about the world, societies and governments and how they function to, hopefully, make a better and safer world.
It is easy to have fantasies about any career path, but what is business law all about? As a student of business law, you learn to think like a lawyer and a businessperson simultaneously. It deals with the creation of new businesses and the issues that arise as businesses, old and new, interact with other entities: the public, other businesses and the government.
Many legal disciplines are drawn to this area of law including tax law, employment law, intellectual property, etc. Business law is typically transactional. This means attorneys in this field do not represent clients in court. Although any times these types of lawyers are hired to avoid litigation, there are also business trial lawyers who litigate for businesses that end up in court.
Legal career paths are not as straight and narrow as many of us would like to believe. Business law is a diverse field as people like Suzanne Uhland can attest to. The obvious choice of career would be to become a business attorney. Even that choice has its options. Under that umbrella, you might find yourself exploring disciplines like bankruptcy, real estate, corporate restructuring or healthcare.
Business lawyers are found in many different environments ranging from government, firms or as in-house attorneys. Even though these environments are different than working for a law firm, these individuals usually still practice law. Trial lawyers fill their days with meeting clients, drafting documents, conducting depositions and attending trials. Transactional lawyers might meet with clients, negotiate contracts, drafting contracts and generally advising their clients.
Other career options are available thought. Paralegals are legal assistants. They work with lawyers doing research and drafting documents. This might be an option if you are interested in the legal field but do not wish to pursue a law degree. Financial analysts benefit from having a law degree. You must also be knowledgeable about investing and risk management.
Business law can be an exciting field of study. Because it covers many substantive areas and takes many forms, it provides an incredible amount of flexibility when it comes to career options. Areas of practice include almost all disciplines: labor and employment law, intellectual property, real estate or even water law.
Work environments are vast as well. Individuals may choose to work in a traditional setting or seek out other settings to perform their legal work. Business law even prepares individuals for non-legal career paths. These might include jobs like human resource management or investment counselors.