The branch of law that deals with topics that directly or indirectly affect the operations of businesses is known as business law. Contracts, torts, income tax, antitrust, labor law, and bankruptcy are all examples of broad aspects of legal practice. Work as an arbitrator, a business lawyer, an international trade specialist, or a labor relations specialist are just a few of the business law jobs available to those with a background in the field. Although this is not an exhaustive list of possible career options for people with a business law background, these jobs represent some of the most popular choices for people who want to work in the field.
Individuals with a background in business law can work in arbitration law to help parties who are involved in a dispute reach legally binding agreements. Contracts, labor disputes, and employee benefits are just a few of the issues that an arbitrator deals with on a regular basis. For most business law jobs in arbitration, a law degree is not required. Many arbitrators work for themselves and have a master’s degree in business law or labor relations. Because legal costs have continued to rise, arbitration has become a popular, low-cost legal alternative for resolving disputes.
A business lawyer, also known as a corporate lawyer, is an attorney who works directly with or for a business. Most business lawyers focus on one aspect of the law, such as mergers and acquisitions, taxes, or litigation. A practicing lawyer with a background in business law will most likely work in this field. A law degree is required for corporate lawyer business law jobs, and many jurisdictions require individuals to pass an exam before practicing law in that jurisdiction.
Specialists in international trade usually have a background in business law. These professionals collaborate with businesses and governments to monitor and facilitate international trade. International business law and government regulations are common courses of study for those interested in a career in international trade. In most cases, jobs in business law in international trade do not require a law degree, but they do require some post-secondary education with a focus on business law.
A labor relations specialist works for a company, a trade union, or a government agency and helps employees and management get along. Individuals in this field must be familiar with labor relations, employment contracts, and labor disputes. For business law jobs in labor relations, a law degree is not required, but it is usually recommended.