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What Do Commercial Lawyers Do?

Commercial lawyers are the type of solicitors involved in advising governments and companies on various business-related issues. Commercial law covers a vast range of work, and commercial law firms have several departments referred to as practice areas, where different lawyers specialize in different lines of work.

These lawyers can generally be categorized into either contentious lawyers or transactional lawyers. Contentious lawyers help their clients to resolve disputes with other entities, while transactional lawyers draw up and review legal documents underpinning the deals their clients are involved with.

The following are the main practice areas for commercial law firms:

Corporate

Companies are required to comply with the laws applicable to all companies in their industry, as well as their own constitutional documents. It's the work of corporate lawyers to ensure that the activities of their clients comply with these laws.

The lawyers also prepare all the legal documents necessary for various corporate activities, and the transactions these companies undertake, such as an acquisition, merger, or management restructuring. Corporate lawyers act as the project managers for such undertakings, and ensure that the legal aspects flow as smoothly as possible, and on schedule.

Banking and Finance

Finance lawyers are tasked with making sure their clients are legally protected against all of the risks present in a financing deal. Financial lenders generally risk losing their money in such a deal, while the borrowers risk facing problems with the obligations they will have undertaken, in return for the financing.

The lawyers draft and review the required legal documents and ensure that all of the necessary legal steps for financing deals are carried out effectively, especially confirming that the borrower meets all the conditions to be granted their funding. Banking lawyers also provide advice to lenders on the legal issues that can arise with the financing arrangements put in place.

Resolving Disputes

Dispute resolution lawyers are generally involved in advising their clients on the details of the law regarding disputes they are involved in, and the ideal dispute resolution strategies for their specific cases. When disputes progress to formal court proceedings, the lawyers drafts the required legal documents and guide the clients throughout the trial. Some dispute resolution lawyers can also serve as mediators or arbitrators.

Other areas of Practice

Most lawyers who have in-house commercial legal expertise, like Cobleys Solicitors Ltd, work in search warrants, dispute resolution, finance, and corporate departments, as well as other smaller departments like tax, employment, real estate, IP, EU, etc. these lawyers can have their own clients, deals, or disputes, and their work may resemble that of their colleagues in the larger departments.

Tips On How To Find And Hire Good Barristers

Finding and choosing a barrister is a process influenced by a number of factors. Choosing the right legal representation from a barrister will require you to choose one with the right qualifications that suit your needs. However, such a choice can only be made after finding a suitable barrister.

Barristers have a higher legal qualification in comparison to other lawyers within the common law jurisdictions. Their area of profession is in the upper level of the courts specializing mostly in courtroom litigation and advocacy though they do offer mediation services. As such, hiring a barrister gives you better chances of winning your case than when getting legal representation from a solicitor.

While finding a barrister may not be a straightforward affair, it is not impossible. Here are two avenues through which to find good barristers.

Enquire From Solicitors

Solicitors tend to have more direct access to various clients and are often the go-between when clients seek the services of barristers. And while these advocates are rarely hired by clients directly, there are instances that this does happen; however, this is often in situations where the barristers are dealing with former clients. In most cases, the easiest way to finding good representation from a barrister is via a solicitor. The solicitor will cover much of transactional aspects of the case before passing it to the barrister.

Checking The Directories

The bar association has several directions and other online public access services for citizens to use as resources for finding legal representation. For instance, the bar directory is a resource tool widely used in the legal profession and in which different barristers at various professional levels are listed.

The Mediation directory is yet another resource which offers a chance to find a barrister to assist in resolving disputes and other such cases. Another excellent option is the recently launched Direct Access Portal. The site is a portal that provides details of various qualified barristers who have paid the Bar Representation Fee and accept direct interaction from clients without requiring them to first pass through a solicitor.

Many experienced barristers are featured in the news - either as defence for their clients or in discussions on specific areas of law, such as this article by Michael Wolkind about DNA evidence.

What To Consider When Looking For Good Barristers

It is important to conduct the search under certain parameters to ensure that you hire the right legal representation. Unlike solicitors, the jurisdiction where the barristers practice is regulated by the bar thus making their areas of profession very specific. As such, you should search for a barrister with experience and the right expertise that suits your case and needs. Also, consider other issues such as the advocate's reputation and level of client service as well as the rate the barrister charges for the legal representation service.