Every business runs into legal issues from time to time. If you haven’t had the taste of legal issues yet, wait for it because it’s right around the corner. Businesses are complex. They are tricky to handle but every problem is created by man. That’s why man is the one who comes up with solutions to those problems.
Corporate legal advisory services work in the same way. They offer solutions to the legal problems that businesses face. Business startups believe that it can cost them a lot to take advice from a lawyer. While this is a valid concern, it is based on only half the truth.
Yes, the best corporate advisory services in Pakistan can cost you money. But availing these services will assist you generate revenue more than you expect. How? Let’s discuss by first dissecting what corporate legal advisory services:
- Corporate Legal Advisory Services
It does not matter whether you are a multinational company or a startup. You need corporate legal advice every step of the way. Experts believe that you need legal advice, especially when your business is at a small level. The reason? Mainly because your business is seen as a legal entity that is selling products/services. It does not matter what services they are. From your business logo to your employee contracts, every aspect has to be perfect. All to avoid any unnecessary lawsuits and courtroom fuss.
As a business startup, you might not be aware of the legal value of your decisions. Thus, your business needs legal advice, even for the day-to-day activities. When your business grows, this need grows as well.
Corporate legal advisory services help you in making legally informed decisions. Let’s suppose that you have hired a professional graphics designer for your design team. His job description involves creating innovative graphics for your business. Without the advice of a legal advisor, you will not the following:
- That you have to get a non-disclosure agreement signed
- An employee contract is to be signed specifying the probation period
- Certain terms & conditions are to be set to keep the designer act in compliance with your policies
These are just a couple of things. There is a wide array of aspects that a legal advisor can shed light on for you.
- Types of Corporate Legal Advisory Services
As a business owner, you should know about the services a corporate law firm provides. Here are a few of them:
- Issue Management Services
It does not matter whether your business is online or not. Every business has a reputation. This reputation affects the way your customers view you. In case there is an issue, and it goes public, your business revenue is likely to get affected. This is where corporate legal advisory services become relevant.
Legal advisors from corporate law firms can help you do the following:
- Issuing of an official press release in regard to the issue.
- Drafting an official statement to be published over social media
- Coordination with the press
- Supervising the conferences and public interviews that have to take place
- Project Finance Management Services
Every project that you company takes up, there is a specific budget to be decided. From the investments to the overall project viability, everything needs to be supervised. That too – under a legal perspective.
To provide you management services, a corporate legal advisor would do the following:
- Create a budget to cover your project expenditures
- Assess the overall project viability
- Develop feasibility reports
- Suggest steps for project implementation
- Corporate Restructuring
Corporate restructuring includes reorganization of your company assets. This usually happens when you are giving your company a revamp. It becomes important in such cases that every aspect of your business is revised.
In order to assist you in corporate restructuring, your corporate legal advisors can do the following:
- Restructure your business portfolio
- Optimize your business portfolio
- Revise your financial structure
- Revamp your business model and structure
- Develop shareholders value creation
- Creating a business retention criteria
Note: To find top corporate advisory services in Pakistan, make a simple Google search. Many such advisory services have an online presence. You will be able to retrieve their information online and contact them!
- Loan Syndication
Syndicated loan is pretty structured and organized. Investment banks are involved in the process, so it is complex as well.
Loan syndication happens when you need a big loan. It is too big to be financed by one lender. In such a case, multiple lenders come together to provide the borrower with the loan.
A corporate legal advisor can help you make loan syndication occur.
- Capital Structuring
A legal advisor assists you in making the right decision with the costs of your capital. Besides, they help you in setting an appropriate debt equity ratio.
They advise you how to optimize your overall profitability. In addition to this, if you are facing bankruptcy, then a legal advisor has got your back. They can outline the market conditions for you with details. And advise accordingly on the decisions that you need to make.
These decisions will save you a lot of legal hassle and will improve your financial prospects.
- Mergers and Acquisitions
If your company is merging with another company, you need corporate legal services.
The following services are covered by a legal advisor in case of mergers and acquisitions:
- Filling out an application to the court for legal approval
- Supervising the transfer of assets and liabilities
- Drafting contracts with clear terms and conditions
The process of mergers and acquisitions is pretty complex. You need a legal advisor to help you sort things out. Otherwise, you might end up getting entangled in legal issues. Seeking advice from a trained professional is your best option, honestly.
You can look for the best corporate Law firms in Pakistan around you to avail any one of the above-mentioned services. Remember, that you might not realize it but your business needs legal advisory services.