What are Some Popular Career Options in Business Law?

<h3 id="section---BusinessLawOverview">Business Law Overview</h3> <p>What kinds of jobs are there for you in a corporate legal department? The answer depends on how much education you have in business law. Corporate paralegals, for instance, may need only a 2-year or 4-year degree. By contrast, people working as attorneys or corporate counsels are expected to earn a bachelor's degree before completing at least a Juris Doctor degree (a law degree) and passing a state bar examination. </p> <h3 id="section---ImportantFactsAboutThisOccupationalField"> Important Facts about This Occupational Field</h3> <p /> <table border="1"><tr><td> Median Salary (2021) </td><td> $127,990 (<i>for lawyers</i>)</td></tr> <tr><td> Required Education </td><td> Associate's degree (<i>for paralegals</i>)</td></tr> <tr><td> Job Outlook (2021-2031)</td><td> 10% growth (<i>for lawyers</i>)</td></tr> <tr><td> Key Skills </td><td> Writing, interpersonal, analytical, speaking, research, problem solving (<i>for lawyers</i>)</td></tr> </table><p><i>Source: U.S. Bureau of Labor Statistics</i> </p> <h3 id="section---Paralegal">Paralegal</h3> <p>Paralegals assist business lawyers in most of their duties. They help negotiate and draft contracts, conduct legal research and handle the business correspondence associated with the business law department of a company. Education for a paralegal in business law is typically more general than the training a business lawyer needs. Some employers may hire those with an associate's degree in paralegal studies. Others may want their paralegals to have a 4-year degree and a certificate in paralegal studies; however, a license to practice law is not usually required. </p> <h3 id="section---CorporateAttorney">Corporate Attorney</h3> <p>Corporate attorneys are there whenever a company has to see the inside of a courtroom. They represent the company in all legal dealings, whether the case is civil or criminal. While many cases settle outside of a courtroom, some corporate attorneys specialize in corporate litigation, which means they focus on the procedures of arguing a case. Corporate litigation attorneys are often more specialized, and their business law education may have a focus in a particular field, like intellectual property or real estate. Unlike paralegals, all of these attorneys generally need to be licensed to practice law, also known as being admitted to the bar. </p> <h3 id="section---CorporateCounsel">Corporate Counsel</h3> <p>Corporate counsels provide advice on business law to a company. They also draw up contracts and write legal correspondence as needed. Corporate counsels may be involved with management, helping to create and maintain company policies, advising company officials of how to manage their legal risks and upholding the best legal practices for a company. Like corporate attorneys, counsels also need a law degree and need to have passed a bar examination.</p>