Archive for July, 2012
One of the hardest stages of your legal career occurs about a month after you take the bar exam. If you are like most young attorneys, you will not have a job lined up at this point. If you have a job with a large firm lined up, that’s great. I presume that you do not, though, so keep reading.
It is especially hard to convince an organization to hire you when it is not certain that you have even passed the bar exam. For this reason, many attorneys start their careers as temporary or contract attorneys. Some attorneys find jobs unrelated to law in the private sector, others go to work for the government, and some remain unemployed for several months while looking for a job.
There are a lot of aspects in business that need to be processed with legality. Corporate transactions should always follow legal processes to avoid conflicts between and among individuals involved – finances, contracts, real estates, etc. That said, corporate lawyers therefore play an important role and this is the reason why business entities not just seek advice from business lawyers outside but they hire them as permanent members and function as part of their legal counsel. Business lawyers work to settle various corporate issues, including the following:
As the economy slowly recovers, buyers’ confidence level increases and with that comes a greater demand for businesses available for sale. Buyers, who were waiting for the bottom of the recession to hit prior to making a decision on buying, now find themselves competing for quality businesses in this market. However, as can be expected, businesses which survived the recession now have less competition and with less competition come increase market share and profitability. In fact, business valuation has slowly increased over the last couple of years.
Simply stated, due to increased profitability and value, business owners are not as willing to sell their business, and if they do, they want more value for it-creating in fact, lower inventory of quality businesses for sale. This brings me to my point regarding the Law of Supply and Demand-as supply of businesses for sale decreases (or buyers’ demand increases) so do higher prices.