Hi guys
I understand that a good skill lawyers should posses is the ability to relate current commercial trends/issues to the legal implications for their client. But do lawyers ever go beyond the legal sphere and advise from a business advisory perspective as well?
For example, say a lawyer's client wanted to buy a target company. If, from a legal perspective, everything about the acquisition was sound, would the lawyer's input end there? Or do lawyers also tend to advise whether an acquisition is good from a business perspective i.e whether the deal will be profitable or viable for the client?
I understand that a good skill lawyers should posses is the ability to relate current commercial trends/issues to the legal implications for their client. But do lawyers ever go beyond the legal sphere and advise from a business advisory perspective as well?
For example, say a lawyer's client wanted to buy a target company. If, from a legal perspective, everything about the acquisition was sound, would the lawyer's input end there? Or do lawyers also tend to advise whether an acquisition is good from a business perspective i.e whether the deal will be profitable or viable for the client?
