Everything You Need to Know About Becoming a Business Lawyer

Carving out a career as a business lawyer is financially and professionally rewarding. Apart from a high salary, you will collaborate with a wide range of renowned corporations. Recommendations from such clients increase your industry reputation. 

You may also work as an in-house corporate lawyer at companies and government agencies. Over time, you may decide to start a business on your own. 

In this article, we explain the key steps you need to take to become a business lawyer. 

Know the Different Types of Business Law

Business law consists of a wide range of legal areas. 

For example, if a company needs to determine how to pay its employees, provide employee work benefits, outsource medical billing, or set up employee-friendly work schedules, these tasks fall under employment law. In short, employment law helps business owners become ethical leaders and meet legal requirements. 

Or, when an organization wants to merge with another company or provide a service to customers, they need to rely on contract law.

The common areas of business law include:

  • Business formation and dissolution
  • Commercial law and contracts
  • Antitrust 
  • Corporate law
  • Bankruptcy
  • Investing and securities law
  • Intellectual property law
  • Employment law
  • International law
  • Tax law

Complete the Undergraduate Degree Program

No matter if you want to become a corporate, family, or traffic lawyer, the first step you need to take is obtaining an undergraduate degree. Most law schools require students to have a bachelor’s degree. Now, there is no specific degree required to attend law school. People gain admission to law school from various areas of study, from mathematics to political science. However, most students tend to earn a bachelor’s degree in a related field, such as government, history, or economics. 

If you plan to become a business lawyer, getting a degree in business administration would be a wise move. It provides you with the solid fundamentals of business operations. 

Take LSAT

The Law School Admission Test (LSAT) is a half-day exam. It consists of five 35-minute multiple-choice sections and an unscored writing sample section. They have 99-102 scored items in total. 

The test assesses students’ critical thinking, logical reasoning, argumentation, and reading skills. LSAT test scores play a vital role in your admission to law school.

There are prep courses available, allowing students to prepare for the test. You can also take practice exams to prepare and potentially boost your score.

Identify the Right Law Schools and Complete Applications

Once you finish an undergraduate degree, it is time to forego your education and enroll in law school. The options are multiple, so be careful. 

You should only consider law schools accredited by the American Bar Association. There are many admission factors to keep in mind. 

Apart from your GPA, undergraduate coursework, and LSAT scores, other admission factors to consider are community service and recommendation letters from educators and legal professionals. 

Graduate from Law School

Graduating from law school takes three years for students attending the law program full time. At the end of that, you get the Juris Doctor degree. 

During the first year of law school, you will learn about torts, property, civil law, and contracts. In the next two years, you will take elective classes and even participate in judicial internships. To become a business attorney, you will need to take additional courses and get certifications in business organizations, corporate finance, etc. Some schools offer specific business law classes and even offer Master of Law and Juris Doctor programs focused on business law. 

Pass the Bar Exam

A bar exam is a test administered in each U.S. state by a committee of bar examiners. The goal of the examination is to determine whether a law school graduate is competent to practice law. 

That is a two-day examination and is usually given twice a yet, on the last Wednesday in February and on the last Wednesday in July. The bar admission requirements and the passing scores vary from state to state. 

However, the majority of U.S. States have adopted the Uniform Bar Exam (UBE). This exam format consists of the Multistate bar exam (MBE), the Multistate essay examination (MEE), and the Multistate Performance Test (MPT). 

Ready to Become a Business Lawyer?

Becoming a business lawyer takes a lot of passion, dedication, and, above all, patience. However, it provides you with a wide range of lucrative career opportunities. I hope this article will encourage you to complete your studies and start your career in business law.

Planning to become a business lawyer? Tell us more about your career plans!

Author:

Eve Anderson is a marketing specialist turned blogger. Interested in sports and exciting travel destinations. Love to share content that can inform people.