Book Name: Inside the Minds
Writer: Michael L. Jamieson et al
These general statements regarding such a role are discussed in additional detail below.
Advising the client. Advising a client will vary considerably depending upon the role or mandate of the lawyer. The nature of the client’s needs, but in the broadest sense includes providing views, suggestions, comments, and ideas regarding a matter or an issue. Thus, the extent and nature of the advice both requested and needed may be very different. This will influence the nature of advice the corporate lawyer should provide the client.
At times, the corporate lawyer may act as much in the capacity of a business advisor as a lawyer. In addition, as appropriate, the corporate lawyer advises the client regarding business questions raised by the client. The lawyer may also identify business opportunities or assist the client in developing or taking advantage of existing business opportunities or situations.
Limiting Risk to the Client. The corporate lawyer must understand all the legal and business risks the client may face. This may arise in the course of a transaction or general representation of the client to properly assess, explain, and limit such risks. The lawyer and client typically work together closely in this area, assessing each risk and how it may be limited should it arise. The assessment will depend upon the specific facts in a particular situation. Often upon industry practices and considerations influencing the performance of a legal and/or business issue.
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