The work Corporate Lawyers do is often highly specialized. Their clients tend to be large corporations. Corporate Lawyers handle matters such as creating new corporate entities, corporate reorganizations, management-shareholder relations or issues, mergers of companies or the purchase or (sometimes hostile) take-over of one corporation by another.
They are also frequently involved in steps corporations take to raise capital, including complex loan agreements with banks or other financial institutions, IPOs (initial public offerings of share in the company) or later stock or bond offerings.
For most individuals looking to start a business, or owners of small to mid-size businesses, a Business Lawyer is a more practical option than a Corporate Lawyer. However, if the owner of a small or mid-size business wishes to purchase another company and merge the two together, the specialized knowledge of a Corporate Lawyer may be required.