Business law covers various legal aspects that affect companies, including contracts, torts, antitrust, and bankruptcy. Commercial law jobs include arbitrator, business attorney, international trade specialist, and employment relations specialist. Arbitration is a growing field due to rising legal costs. Business lawyers work directly with corporations, while international trade specialists facilitate international trade. Employment relations specialists facilitate relations between employees and management. Law degrees are required for some positions, but not all.
Business law is the branch of law that deals with topics that directly and indirectly affect the operations of companies. It covers many broad aspects of legal practice, including contracts, torts, income tax, antitrust, employment law, and bankruptcy. There are several types of commercial law jobs available to individuals with a background in commercial law, including work as an arbitrator, business attorney, international trade specialist, and employment relations specialist. While this is not a comprehensive list of potential career options for individuals with a business law background, these jobs represent some of the most popular options for individuals who want to work in business law.
Works in arbitration law allow individuals with experience in commercial law to work with parties who have a dispute to organize legally binding resolutions for the parties. An arbitrator typically handles many aspects of business law, including contracts, employment disputes and employee benefits. Generally, a law degree is not required for commercial law jobs in arbitration. Many arbitrators are self-employed and most hold an advanced degree in commercial law or industrial relations. This has been a rapidly growing field in commercial law because, as legal costs continue to rise, arbitration has become a popular, low-cost legal alternative to dispute resolution.
A business lawyer, also known as a corporate lawyer, is a type of lawyer who works directly with or for a corporation. Most business lawyers specialize in a specific aspect of business law, such as mergers, taxes or litigation. This is the most common field of work for a practicing attorney with a background in commercial law. Corporate attorney business law jobs require a law degree, and many jurisdictions require individuals to pass an exam to practice law in that jurisdiction.
International trade specialists usually have a background in commercial law. These individuals work with businesses and government to oversee and facilitate international trade. Courses of study for those interested in a career in international trade typically include international business law and government regulations. Commercial law jobs in international trade typically do not require law degrees, but do require some post-secondary education with an emphasis on commercial law.
An employment relations specialist works directly for a company, union or government agency and facilitates relations between employees and management. This career requires individuals to have knowledge about employment relationships, employment contracts and labor disputes. A law degree is not required for jobs in commercial law in employment relations, although it is generally recommended.
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