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What Is the Role of a Corporate Lawyer?
The role of a corporate lawyer is to advise clients of their rights, responsibilities, and duties under the law.
When a corporate lawyer is hired by a corporation, the lawyer represents the corporate entity, not its shareholders or employees. This may be a confusing concept to grasp until you learn that a corporation is actually treated a lot like a person under the law.
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Full service Law Firm vs Boutique Law Firm :-
Full-service law firms provide service across all practice areas of law.
These are generally big firms in size, though even small firms can be full service too.
Some of the well-known examples are Shardul Amarchand Mangaldas, Cyril Amarchand Mangaldas, Khaitan, Trilegal, Fox & Mandal, etc.
Boutique law firms are limited to one or more highly specialized practice areas.
Usually, they are not as big as full-service law firms, and their unique selling point is their expertise in one or two specific areas. They often add additional practice areas when they become sufficiently successful in one practice area. Some of them even try to become full service later. However, remaining a boutique is not a bad business strategy. Sometimes boutique practices are overall small but highly profitable and margins are a lot better than full-service law firms. This is why large law firms are always on the lookout for acquiring highly profitable robust boutique practices.
Some notable boutique firms are AK Law chambers (Dispute resolution), Remfry & Sagar (Intellectual property), Ikigai Law (Technology), etc. Boutique law firms may even charge more than the well known full-service law firms as they command special expertise in that area.
There are some law firm guides that provide such rankings too, but they are highly suspect because they take money from the firms they are ranking and no matter how much they claim that their rankings are objective, when you delve deeper it’s hard to feel convinced.
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