Bar exam: In order to practice law in the United States, you must pass the bar exam in the state where you want to practice. The bar exam is a standardized test that covers a variety of legal topics.
Experience: In addition to a JD degree and passing the bar exam, most business lawyers also have experience working in a law firm or other legal setting. This experience can help you develop the skills and knowledge you need to be a successful business lawyer.
Skills: In addition to the legal knowledge and skills you gain from law school and your experience, there are a number of other skills that are important for business lawyers. These skills include:
* Communication: Business lawyers must be able to communicate effectively with clients, judges, and other lawyers.
* Negotiation: Business lawyers must be able to negotiate contracts and other legal agreements.
* Problem-solving: Business lawyers must be able to solve complex legal problems.
* Research: Business lawyers must be able to research legal issues and find relevant case law and statutes.
* Writing: Business lawyers must be able to write clear, concise, and persuasive legal documents.
Salary: Business lawyers typically earn a high salary. According to the U.S. Bureau of Labor Statistics, the median annual salary for lawyers was $126,930 in May 2021. The top 10 percent of earners made more than $208,000, while the bottom 10 percent earned less than $63,040.
Job outlook: The job outlook for business lawyers is expected to be excellent over the next few years. The demand for lawyers with business skills is expected to increase as businesses become more complex and globalized.