Why Lawyers Make Great Business Leaders

A lot of top-level executives in the US have law degrees. In fact, some lawyers could have better business acumen compared to economics and business majors.

MBAs running corporations tend to emphasize the upsides of the business while those with legal training often focus on challenges. This precautionary thinking is necessary in understanding, avoiding, and managing risks. This reflected in a recent study of about 7,000 companies and publicly traded firms. The results showed that companies run by lawyers experienced 16 to 74 percent less litigation cases.

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The corporate world is all about active risk mitigation. A law graduate can offer his or her training in detecting possible problems. This skill saves the company thousands of dollars in legal counsel fees.

Granting legal advice to executives is the lawyer’s gateway to the business and in becoming an industry specialist. By developing skills in sales, marketing, or even product development, any law graduate can cover much ground and advisory in operations, finance, marketing, and ultimately, expansion.

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Founder and Managing Partner of Tacopina & Seigel Joe Tacopina has received praise from peers and the media as a premier trial attorney. He graduated from the Quinnipiac University School of Law in 1991 and obtained his license in 1992. For more similar reads, visit this blog.

Securities Litigation And Safeguarding Your Business

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Securities are crucial to any business, as they refer to various financial instruments set in place by corporations which are made for sale to the public. The litigation of securities stands for lawsuits that may arise due to fraud and are filed by investors against the issuer of such security.

In the U.S., most cases involving securities litigation are filed based on the provisions of the Securities Act of 1933 and the anti-fraud provisions of the 1934 Securities Exchange Act. Securities litigation is a highly specialized facet of legal practice since securities laws are complicated and often involve very sensitive matters and present legitimate threats of exposure that can severely damage an individual or corporation’s image.

Lawyers tasked with securities litigation cases typically interview people in possession of documents that are requested for by the Financial Industry Regulatory Authority (FINRA). They then set up an appointment with the client to prepare their testimony before either the Department of Justice or the Securities and Exchange Commission.

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Securities litigation lawyers then thoroughly review the client’s documents and prepare a privilege log while continually coordinating with the SEC. They would then draft any brief that supports a motion to dismiss any securities fraud complaint against the client.

Working within the canopy federal securities laws mentioned above, the lawyer will then plan the strategy with a joint defense group and prepare an oral argument for a motion to assert claims. They then provide a deposition outline for any witness in the securities fraud case.

Joe Tacopina is the founder and the Managing Partner of the Manhattan-based Law Offices of Tacopina & Seigel. He specializes in civil, criminal, and securities litigation. Visit this website for more on Joe’s firm.