In-House Legal Counsel Key Terms

Explore in-house legal counsel terms like intellectual property and commercial litigation

An in-house legal counsel team is the business' backbone when it comes to maintaining the law. A business may need to hire or supplement its existing team. It may need to seek out third party providers who specialize in areas of the law not covered by the group's current legal team. This field often includes healthcare lawyers, labor and employment law attorneys and attorneys specializing in commercial litigation. Terms such as divestiture and intellectual property may also be used in relation to an in-house legal counsel team.

National Association of Legal Search Consultants (NALSC)

The National Association of Legal Search Consultants is a national organization holding those in the legal search profession to a higher standard. In-house legal counsel may be a member of this organization.

Labor and employment law attorneys

Labor and employment law attorneys handle in-house situations. Their specialized area of the law often includes employees, employee relationships, former employees and employee hiring guidelines. These professionals are often a part of the in-house legal counsel team.

Healthcare lawyer

Healthcare lawyers are often part of an in-house team. They analyze health related situations within the business. This includes the administration of health services and managing risk management. Some also handle malpractice litigation.

Commercial litigation

Commercial litigation professionals work to solve complex legal issues within a business environment. These professionals work with in-house legal counsel to accomplish tasks including commercial trials and settlements.

Divestiture

Some in-house legal counsel teams tackle divestiture. This is the process of disposing of assets through sales, closures or other methods. The process can be done slowly or over time.

Intellectual property

Intellectual property describes the legal concepts behind patent law, trademark law, copyright law and similar forms. Here, the legal right is not over a tangible asset, but rather an abstract property. In-house legal counsel may need to provide these services to the business.

Copyright © 2013 Business.com, Inc. All Rights Reserved.

---