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A commercial lawyer

List of words

Read and learn the words

acquisition

приобретение контрольного пакета акций компании

agreement

договор, соглашение

competition

конкуренция

confer

1)давать; предоставлять; 2) обсуждать, вести переговоры 3) сопоставлять, сравнивать •

dispute

спор ,спорить

drafting

составление (сводок, таблиц, документов)

employment

служба; работа; занятость

enterprise

предприятие

finance

финансы, доходы

implementation

выполнение, осуществление, введение в действие

insurance

страхование

intellectual property

интеллектуальная собственность

merger

слияние или объединение компаний

negotiating

ведение переговоров о купле-продаже

objective

цель

property

собственность; право собственности

prospective employer

будущий работодатель

simultaneously

вместе, одновременно

supervising

контролируемый

to meet a deadline

закончить работу в назначенный срок

transaction

дело; сделка, соглашение

Ex. 1. Match the words with their definitions.

  1. merger

  1. something of value, such as land, patents

  1. property

  1. the act of obtaining and paying for an item or service

  1. transaction

  1. an argument or quarrel

  1. insurance

  1. the combination of two or more companies, either by the creation of a new organization or by absorption by one of the others

  1. dispute

  1. a means of protecting or safeguarding against risk or injury

Ex.2. Make up word combinations by matching the word from A with its best association from B and translate them.

A

B

  1. to meet

  1. under pressure

  1. work

  1. in insurance

  1. corporate

  1. employer

  1. prospective

  1. the implementation

  1. specialize

  1. a deadline

  1. negotiate

  1. with clients

  1. supervise

  1. transactions

Ex.3. Think of your own sentences with the following word combinations.

To give legal advice, corporate transactions, to advise on ,to represent clients, business-related disputes, a degree in , to depend on, to have a strong interest in, specialize in, to work in teams on, to meet deadlines, to work under considerable pressure, to vary, to draft documents and contracts, to tailor , to negotiate with clients ,to supervise the implementation of agreements.

Ex. 4. Read the text.

A commercial lawyer

A commercial lawyer gives legal advice to businesses of all sizes. The work ranges from general company/commercial work (such as helping new enterprises get established) to large, complex corporate transactions (including mergers and acquisitions), often referred to as corporate law. Commercial lawyers advise on specialist areas of law and represent clients where there is a business-related dispute.

Although this career is open to graduates of any discipline, a degree in the following subjects may increase your chances: law, law with a language.

Non-law graduates take a conversion course called the Graduate Diploma in Law (GDL) or Common Professional Examination (CPE), which takes one year if studied full-time. This route is as popular as starting with a law degree. Almost all firms appreciate the breadth offered by candidates who have a degree in another subject.

The next step after a law degree or the GDL/CPE is the Legal Practice Course (LPC), which can be completed in one year if taken full-time. Candidates then start a two-year training contract with a law firm.

An excellent academic record is important. Postgraduate degrees do not necessarily confer an advantage but, depending on the subject, may indicate to a prospective employer that you have a strong interest in a particular area of law.

Most commercial lawyers specialize in particular areas of law such as:

  • property;

  • insurance;

  • employment;

  • finance;

  • intellectual property;

  • competition law.

Commercial lawyers usually work in teams on complex and intellectually demanding work, requiring the ability to meet exacting deadlines and work under considerable pressure.

Work activities vary according to the type of case and specialist area but typically involve:

  • drafting documents and contracts tailored to the client's individual needs;

  • negotiating with clients and other professionals to secure agreed objectives;

  • supervising the implementation of agreements;

  • acting on behalf of clients in disputes and representing them in court, if necessary;

  • checking all documentation prior to signing and implementing and etc.

Depending on the size of the firm, a commercial lawyer either deals with several cases simultaneously or works on one large transaction at a time.

Ex. 5. Answer the questions.

  1. Who can become a commercial lawyer?

  2. What may increase your chances to become a commercial lawyer?

  3. May non-law graduates become commercial lawyers?

  4. How long does it take a non-law graduate to take a conversion course and become a commercial lawyer?

  5. Do candidates start a two-year training contract with a law firm?

  6. Is an excellent academic record important?

  7. What does the work of commercial lawyers range from?

  8. Do commercial lawyers have right to represent their clients?

  9. Why do commercial lawyers usually work in teams?

  10. What are the duties of commercial lawyers?

Ex.6. Decide if the following statements are True or False.

  1. A commercial lawyer gives legal advice to businesses of all sizes.

  2. Commercial lawyers advise on specialist areas of marriage law.

  3. Graduates of any discipline can become commercial lawyers.

  4. Non-law graduates have to take a conversion course called the Graduate Diploma in Law to work as commercial lawyers.

  5. Most commercial lawyers specialize in all areas of law.

  6. Commercial lawyers always work in teams.

  7. Commercial lawyers are involved in drafting documents and supervising the implementation of agreements.

  8. A commercial lawyer never deals with several cases simultaneously.

Ex. 7. Develop the following sentences.

  1. A commercial lawyer is…

  2. This career is open…

  3. Non-law graduates take …

  4. Almost all firms appreciate…

  5. The work ranges…

  6. Commercial lawyers advise on..

  7. Most commercial lawyers specialize in …

  8. Commercial lawyers usually work …

  9. Work activities vary …

  10. Depending on the size of the firm, a commercial lawyer …

Ex. 8. Make a list of commercial lawyers’ duties.

Ex. 9. Write down key words, phrases and sentences from each paragraph of the text.

Ex.10. Reduce the text to one fifth of its original length giving the most important information.

  1. Make an outline of the text consisting of 5-8 sentences.

  2. Retell the text according to its outline.

Magistrates, Judges and other legal professions