What skills do corporate legal advisors need? 7 qualities that corporate legal advisors and corporate legal advisors should possess.

In addition to legal expertise, what other skills do corporate legal advisors need to possess? 7 qualities that a corporate legal counsel should possess.

Corporate legal advisors serve as the company's legal gatekeepers, providing pre-prevention and post-solution services for legal issues or risks that the company may encounter, contract review, providing legal consulting services, company law, labor standards and other related matters. It is something that corporate legal advisors often face and deal with. But in addition to the legal profession, corporate legal advisors play a very important role, which is to assist companies in making more accurate decisions in business operations, pursue corporate profits, and avoid additional legal risk costs. Therefore, in addition to the legal profession, corporate legal advisors Legal advisors need to understand the company's situation, be familiar with the market situation, the situation of customers and manufacturers, and understand the company's financial statements and various data, in order to provide the most appropriate legal advice as a whole.

Characteristics a corporate legal advisor should possess

1. The need for independent opinions
As important advisors to enterprises, corporate legal advisors must possess independent foresight and strategic thinking. Compared with ordinary legal counsel who are often busy completing existing tasks or looking for answers to a specific legal problem, a successful corporate legal consultant often needs the ability to see the small and make a big difference. Corporate legal advisors must not only handle problems promptly and properly after they occur, but also predict future changes, nip problems in the bud, choose the perfect time to make decisions, eliminate or mitigate potential corporate risks, and maximize corporate interests.

2. Assist corporate business promotion
A qualified corporate legal counsel needs to be very familiar with the company's specific businesses. While ensuring the company's legal review, it is more important to actively promote and promote the company's business development through legal services. Being familiar with the company's business will allow you to better establish authority and win respect in other departments. While avoiding risks for other departments, you can avoid unnecessary misunderstandings and conflicts, so that your legal opinions can become a boost rather than a hindrance to business development.

3. Be proficient in financial knowledge
Many legal issues are closely related to financial information, which makes financial sensitivity very important for corporate counsel. With considerable financial knowledge, you can better analyze and convey professional advice at the legal professional level. At the same time, financial knowledge can also help optimize communication with business and other departments, find the crux of the problem, make more accurate judgments, avoid risks, and provide more professional solutions for enterprises.

4. Prevent forecast risks
In addition to solving the legal problems that have occurred in the company, companies hire corporate legal consultants, and more importantly, they hope that they can help companies manage and prevent risks. Corporate legal advisors need to help companies establish a complete risk control system, predict the legal issues that may arise from every major decision, avoid potential risks faced by corporate operations, and use the law to protect corporate interests.

5. Pay attention to current affairs and policies
Excellent corporate legal advisors need to maintain a high degree of sensitivity to policy changes, pay close attention to current affairs, the Internet, newspapers and other information channels, and grasp political and industry trends. The incentives or restrictions of government policies play a crucial guiding role in the development of enterprises. Corporate legal advisors need to understand policy guidance and industry trends as soon as possible, scientifically formulate long-term work plans for the legal department, assist companies in quickly making strategic adjustments, and avoid potential business risks that may arise from changes in laws and policies.

6. Communication and coordination skills
Corporate legal advisors must have first-class communication skills. Many times, the legal department will put forward completely different opinions from the business departments and even business operators. This requires corporate legal advisors to express complex issues to non-professionals in as simple and easy-to-understand a way as possible. Legal perspective. Clearly explaining the reasons behind the decisions made to non-legal departments through communication and showing understanding of different positions will help other departments also understand the suggestions made by legal advisors, making communication between various departments of the company smoother.

7. Adhere to professional ethics
Corporate legal counsel are often exposed to many core secrets of client companies, so they need to have extremely high professional ethics. For enterprises, the most important thing is that the selected corporate legal consultant must be loyal, reliable and trustworthy, rather than professional legal skills and rich practical experience, to ensure that the enterprise will not suffer losses due to reasons such as leakage of confidentiality.

Fuda Law FirmSpecializing in the field of legal counsel, the team's lawyer members all have rich practical experience and long-term experience in serving listed companies and small and medium-sized enterprises, and can provide assistance. If you have any needs, you can contact our firm at any time.

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