JOB PROFILE
What Is a Corporate Solicitor? (Mergers and Acquisitions)
IN THIS JOB PROFILE
You Will Learn.
- What a Corporate Solicitor is.
- What the responsibilities of a Corporate Solicitor are.
- What qualifications a Corporate Solicitor needs.
- Average salary of a Corporate Solicitor.
- What skills a Corporate Solicitor needs.
- Who employs a Corporate Solicitor.
- Where the latest Corporate Solicitor jobs are and how to apply for them.
What Is a Corporate Solicitor?
A Corporate Solicitor is a Solicitor who specialises in corporate law; they play a crucial role in assisting companies in making informed decisions, managing legal risks, and ensuring compliance with UK laws and regulations in their business operations.
Mergers and acquisitions can either be public or private and involve merging, demerging, buying and selling of companies and their assets.
They work closely with their clients, which span over a broad range of industries, to help navigate the landscape that's associated with buying, selling and merging businesses and deliver the best outcomes
What Are the Responsibilities of a Corporate Solicitor?
While working as a Corporate Solicitor, you will be required to:
- Negotiate and draft agreements.
- Finalise all post-completion registrations and procedures.
- Manage and resolve legal disputes and issues arising during mergers and acquisitions.
- Conduct due diligence investigations.
- Provide legal advice and guidance to clients relevant to their case.
- Review and analyse contracts and agreements to identify risks and liabilities.
- Coordinate lawyers across the firm when required.
- Support a wide range of corporate transactions.
- Maintain agreement records.
- Related administrative tasks.
Frequently Asked Questions
What Qualifications Do Corporate Solicitors Need?
To work as a Corporate Solicitor, you will need to be a qualified Solicitor which involves passing the Solicitors Qualifying Examination, completing two years of qualifying work experience and being admitted onto the roll of Solicitors Regulation Authority.
Additional qualifications or certifications in corporate law or mergers and acquisitions, such as the Corporate Finance Qualification (CFQ) offered by the Institute of Chartered Accountants in England and Wales (ICAEW), can also be beneficial but not essential.
What Is the Average Salary of a Corporate Solicitor?
The average salary for a Corporate Solicitor in the UK can vary depending on several factors, such as experience, location, and the size of the law firm.
The average salary for a Solicitor in private practice in the UK is £64,000 per year. However, a Corporate Solicitor may earn a salary within this range or slightly above depending on their level of experience and the location of the law firm.
In London, for example, the average salary for a Corporate Solicitor can range from £60,000 to £120,000 per year, while in other parts of the UK, the average salary may be lower, around £40,000 to £70,000 per year.
However, salaries can also vary depending on the type of law firm or organization that employs the Corporate Solicitor, with larger firms generally offering higher salaries than smaller ones.
Additionally, experienced Corporate Solicitors may earn significantly higher salaries, especially if they have a track record of advising on high-value corporate transactions.
Corporate Solicitors who work in-house for large corporations may also earn higher salaries than those working in private practice.
Who Employs a Corporate Solicitor?
A Corporate Solicitor is typically employed by corporations, investment banks, private equity firms, or law firms dealing with corporate law, to handle legal matters related to mergers and acquisition transactions.
Businesses of all sizes from large to small will also employ a Corporate Solicitor to ensure legal compliance.
What Skills Does a Corporate Solicitor Need?
Key skills of a Corporate Solicitor include:
- Strong negotiation skills.
- Attention to detail.
- Research skills.
- Knowledge of legal software and technology.
- Excellent communication both written and verbal.
- Interpersonal skills.
- Strong team player with the expectation to work with clients and other legal professionals.
- Creative thinking and problem solving.
- Ability to work under pressure and meet tight deadlines.
- Due diligence skills to conduct thorough investigations and assessments.
- IT proficiency.
- Knowledge of business law.
- Organised.
- Time management skills.
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