Multinational organizations and private entities need legal advice to assist with daily activities and regular life events across different jurisdictions. In LegaMart, we use leading lawyers and legal advisors to deliver efficient and transparent support for the legal activities of whom require legal advisory services.
Who is Allowed to Give Out Legal Advice?
Legal advice is a tricky and complicated topic and needs to be received solely from experienced and competent professionals in the field.
Legal advisory is definitely something that needs to be addressed and issued with attentiveness and care, as misleading guidance can jeopardize anything from an investor’s opportunity to the success of taking your case to court.
What is the Difference Between Legal Advice and Legal Counsel?
There are so many titles for lawyers all over the world; it depends upon the specialization that they are taken, the type of work they are doing, etc. There are so many job positions for the attorneys like legal advisor, legal Counsel, legal manager, Solicitor, etc.
Here we are discussing the difference between a legal advisor and legal counsel. In India, a legal adviser is a person who gives advice on legal issues, and that person could be any who has legal knowledge.
The legal counsel is a person who represents you in courts. The above given is a primary difference between them. There are so many job opportunities for the legal advisor and legal counsel, and they can earn a very good amount of money.
It is not compulsory that a legal advisor should practice law. Anyone who has the knowledge and good communication skill can handle the post of Legal Advisor. But legal counsel is a person who has the right to represent you officially by signing the contract in your legal issues.
Legal Advisory Service in Different Legal Fields
Here in LegaMart, we provide legal needs, including legal advisory in various fields of law, from property law, and family law, to newborn legal fields such as sports law and tech law, in various jurisdictions.
- Corporate Law
Corporate law deals with business affairs, but it is more concerned with daily typical practices. Issues like contracts, compliance, and liability fall under this field of law. Lawyers specializing in this practice area can help a business to get off the ground with its initial paperwork with its legal advisors or help them navigate difficult situations like bankruptcy.
- Tax Law
Tax law is complex and always evolving, so it is an exciting practice area to enter. Taxing lawyers can help guide people through audits and other issues as well as with estate planning. This legal field is also very lucrative.
- Intellectual Property
In the new era, intellectual property, or as it is abbreviated, IP, is more important than ever before. From registering trademarks to copyrights, to patents, NFT issues, and beyond, lawyers who give legal advisory services in IP help people protect their ideas and projects from duplication or theft.
- Immigration Law
The other trend legal practice area deals with asylum and refugee law, business immigration law, and criminal or deportation defense. This field is also very high-visibility right now, and it gives you a platform to do great work on behalf of others, so using legal advisory service in this field can help you through your path A LOT.
- Criminal Law
Whether you want to be a defense or prosecutor in criminal law, you will need legal advisory. The lawyers in this practice area see a lot of courtroom drama while they protect the basic rights of their clients.
What Exactly is Legal Advisory?
Mergers & Acquisitions
Mergers often happen when two companies are to be joined and operate under one entity and ownership. Acquisition occurs when a company is to be completely taken over by another. In such a situation, an expert and qualified lawyer in the field of corporate and finance law can assess the situation alongside its pros and cons and provide you with a worthy strategy.
Due Diligence
A potential investment opportunity might initially be exciting and triggering, but if conducted without correct investigation and analysis, it might hit rock bottom in the most unattractive manner. Due diligence is what advisors do in assessing an investment by reviewing financial statements, audits, and fact-checking to provide valuable input on where your time and money will be heading.
Corporate Restructure
When a corporate organization decides to take a change in its objectives and shift its department units, it often seeks to consolidate with legal aid on the how-to of the process. This might occur when an organization is looking to gain more profit or simply needs to restore the operational, legal, or ownership status due to debt or bankruptcy issues. In this case, a legal advisor will provide input on the best path to move forward with the most results and most minor losses.
What Should be Kept in Mind During Legal Advisory?
A few of the many topics that require legal advisory can be seen mentioned above. Whether you are looking to change up your business or are looking to make an investment in a nation entirely out of your knowledge, it is vital to understand the legal scope of the scenario. A friend’s advice on the matter might last you only so long on the road, but a trustworthy legal advisor will have your back in making the right decision.
