The legal manager for a business is responsible for overseeing all of their organization's legal functions. First and foremost, this individual is a legal professional who is capable of providing accurate, relevant advice to the business, the business' clients, and the business' senior attorneys. The legal manager must have a mastery of business law to appropriately advise executives as to how the fiduciary duties of the executives can be discharged. For example, using their high level of understanding of relevant laws, the legal manager helps determine if a proposed course of action would run afoul of the laws related to economic competitiveness and monopolies. Additionally, the legal manager must have an excellent understanding of securities laws to ensure that any stock offerings comply with appropriate securities regulations and that all mergers and acquisitions are handled in an appropriate, legal manner. Aside from having an excellent understanding of the various business-related laws, the legal manager must also have a deep knowledge of employment laws to aid in the human resource functions of the business. Finally, aside from offering advice, the legal manager also generally serves as the chief contract negotiator for the business.
In many countries, lawyers are required to hold a legal doctorate (such as a Juris Doctor) and must pass a bar exam. Legal managers usually work for large companies in fast-paced industries, so they must be able to multitask in a high-stress environment. Legal managers must also be detail-oriented people with excellent negotiation skills.
Legal Manager Tasks
Provide legal advice on legal rights and obligations of corporations.
Research legislative issues or statues.
Review and edit regulatory documents.
Draft and review contracts such as leases, licenses, mergers, acquisitions, and more.