Understanding Transactional Lawyers

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 4,036 reviews

Jump to Section

Need help with a legal contract?

CREATE A FREE PROJECT POSTING
Post Project Now

What Is a Transactional Lawyer?

A transactional lawyer is also known as a business lawyer, and they focus on helping businesses with all different types of transactions, like mergers, sales, and acquisitions. This means they can help with contracts or agreements when it comes to large business transactions. They usually specialize in corporate finance. Transactional lawyers can also help with estate planning, drafting wills, power of attorney, negotiating leases, and filing tax documents on their client's behalf.

What Does a Transactional Lawyer Do?

A transactional lawyer will oversee contracts and agreements concerning financial exchanges. They verify all documentation, negotiate on behalf of the company, and offer legal counsel regarding intellectual property, real estate transactions, licensing and trademarks, and mergers and acquisitions. A transactional lawyer can also offer personal estate planning services. This means they can write up wills, draw up paperwork to sign over power of attorney, and create employee agreements.

A transactional lawyer should also offer their clients legal counsel to help them develop contracts and agreements that suit their needs and provide them with adequate protection.

When Do You Need a Transactional Lawyer?

If you are looking into estate planning, hiring a transactional lawyer is important. You will want your will to be legally certified. You may also want to consider hiring a transactional lawyer if your company is about to complete a large business transaction. A transactional attorney can verify contracts and agreements before you follow through with the purchase or sale.

However, even if you have no large transactions in the works, it's still a good idea to hire a transactional lawyer. They can assist you with any legal documentation you have and help you get ready for big transactions in the future. If you want to avoid legal fees in litigation down the line, hire a transactional attorney to prevent such a situation from occurring.

How a Transactional Lawyer Can Help You

There are many different situations in which a transactional lawyer can help. They specialize in regulatory research, which is usually referred to as due diligence. A transactional lawyer will do the legal research necessary to verify all contracts, agreements, or transactions to ensure everything is in their client's best interest. Here are some examples of what a transactional lawyer does for a business:

  • Verifies contracts
  • Draws up contracts and agreements
  • Drafts employee contracts
  • Offers legal counsel on general compliance matters
  • Completes due diligence (legal research) on behalf of the client
  • Designs policies
  • Drafts up protection of intellectual property
  • Offers legal advice on matters of employment, fiscal responsibilities, and transactions

Get Free Bids to Compare

Leverage our network of lawyers, request free bids, and find the right lawyer for the job.

Get Bids Now

The Benefits of Hiring a Transactional Lawyer

Hiring a transactional lawyer can have many benefits for you and your growing business, including:

  • Your will or contract will have more weight in court if it is drafted and signed by a transactional lawyer.
  • You will discover legal issues with your business transactions before completing the exchange.
  • A good transactional attorney can help you with income tax filings.
  • They can save you money by preventing you from getting pulled into litigation.
  • They can offer estate planning advice.

What to Ask a Transactional Lawyer Before You Hire Them

Hiring the right attorney can make all the difference in your company's success. It is worth taking your time and evaluating your options as best as possible before making your decision. Here are some common questions to consider asking potential lawyers you meet with:

  • How many years of experience do you have in this type of business?
  • How many other clients do you have that are similar to me in terms of business?
  • What can you offer me over other transactional attorneys?
  • What types of transactions do you usually work with?

Here's an article with some additional questions you can ask transactional lawyers to help you decide which to hire.

What to Look for in a Transactional Lawyer

You know how to interview an attorney, but do you know what to look for in one? Here are some qualities to look for to ensure the lawyer you choose is right for your business:

  • They understand your business: Talk to your potential attorney about your company and ask relevant questions to see if they have a complete understanding of how things operate in your business, not just in your industry. When it comes to negotiations, they need to be well-informed to handle them properly. Give them an example, and see how they respond to make sure they are right for your individual business.
  • They ask for your opinion: A good transactional attorney doesn't just need to know the law. They need to understand your needs and do their best to make sure you're happy. They must care about what you're interested in, not what they're interested in. Look for an attorney who asks for your opinion and presents you with different options to choose from.
  • They are flexible: While agreements do need to be ironclad, you also need a lawyer who has some degree of flexibility. Things change over time, and your lawyer needs to be committed to serving you and rolling with the punches, not just securing the deal they originally suggested.

What Is the Difference Between a Transactional Lawyer and a Litigation Lawyer?

Though both a transactional lawyer and a litigation lawyer can be beneficial to a business, they have varying areas of expertise. As mentioned above, a transactional lawyer's main purpose is to provide legal counsel on business transactions, contracts, and agreements.

In comparison, a litigation lawyer specializes in settling active litigations in civil court. The best approach is to hire a transactional lawyer to avoid any future litigation. However, issues may arise nonetheless. In the event you are brought to civil court, you should consider consulting with a litigation attorney to prepare the best defense and resolve your case in a timely manner.

Learn more about the difference between these types of law in this article .

You and Your Transactional Lawyer Are a Team

Although your transactional attorney has the legal knowledge you may not have, they are still only part of your team. You can and should feel free to have open discussions with your attorney, weigh your options together, and look for a solution that works for you. A good attorney will always be open to working together with you and ensuring all parties' common goals are met. If your lawyer makes you feel as though you cannot comment on proceedings, you may want to consider hiring a different one.

If your lawyer advises against something that you want to do, they should be able to explain why they don't think you should do it. Flexibility is required on both sides, but the real secret to a good attorney-client relationship is open communication.

Do Your Homework

A transactional attorney can help save you money and keep your company from falling victim to unwanted litigation, so it's essential to do your homework to find a suitable lawyer for your needs. Before hiring a lawyer, make sure they are experienced in your industry and have the knowledge and expertise to counsel you properly. Ask all necessary questions beforehand to ensure you hire the best lawyer for your business.

The right transactional lawyer can help you manage your business more efficiently and propel you on the road to success. Click here to find a transactional attorney in your area.

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Lawyers

Wendy C. on ContractsCounsel
View Wendy
5.0 (2)
Member Since:
January 17, 2023

Wendy C.

Attorney
Free Consultation
Get Free Proposal
Arizona
5 Yrs Experience
Licensed in AZ, TX
Arizona Summit Law School

Business transactions attorney who is well-verse in general corporate matters, fundraising, and negotiation in technology, blockchain, and consumer product industry

Jonathan M. on ContractsCounsel
View Jonathan
5.0 (1)
Member Since:
January 18, 2023

Jonathan M.

Attorney
Free Consultation
Get Free Proposal
Charlotte, NC
13 Yrs Experience
Licensed in NC, SC, VA
Charlotte School of Law

Owner and operator of Meek Law Firm, PC. Meek Law Firm provides comprehensive business law representation, precise and informed representation for real estate transactions in the commercial and residential markets of North and South Carolina and efficient succession and estate planning for business owners and individuals.

Christopher N. on ContractsCounsel
View Christopher
Member Since:
January 10, 2023

Christopher N.

Managing Partner
Free Consultation
Get Free Proposal
Philadelphia
25 Yrs Experience
Licensed in PA
Widener University Commonwealth School of Law

Christopher Nuneviller has practiced in the securities, venture capital, corporate and emerging business sectors, and as a contract-advisor to the federal government, a federal government senior level executive, and as Army Judge Advocate. Like you, he also he is a partner in other business ventures and faces the same pressure to succeed, be profitable, and stay sane, all while making his clients, employees, family and business partners happy. As the managing partner for Philadelphia's MNB Meridian Law, Ltd., his focus is on assisting small and mid-sized businesses grow and thrive. As a business generalist, Christopher provides advice and counsel to businesses, their owners, investors and shareholders on matters ranging from formation, organization, governance, routine and special operations, and growth toward IPO. Christopher is also a former U.S. Army Judge Advocate having served seven years in Washington, D.C. where he gained significant experience with "above the fold" matters of great import and an unhealthy insight into the internal workings of the "beltway" underbelly. Mr. Nuneviller is admitted to practice in the Commonwealth of Pennsylvania, and before the Supreme Court of the United States, the Court of Federal Claims, and the Court of Appeals for the Armed Forces.

Patrick N. on ContractsCounsel
View Patrick
Member Since:
January 18, 2023

Patrick N.

Attorney at Law
Free Consultation
Get Free Proposal
Massachusetts
6 Yrs Experience
Licensed in MA
Suffolk University Law School

Before attending law school, I had a prior career in business performance reporting. This experience differentiates me from other attorneys. I can readily read, interpret, and synthesize financial reporting. I also have a passion for legal research and writing.

Dayton M. on ContractsCounsel
View Dayton
Member Since:
January 17, 2023

Dayton M.

Attorney
Free Consultation
Get Free Proposal
Morgantown
1 Yr Experience
Licensed in WV
West Virginia University College of Law

Business Law - Criminal Defense - Immigration

David A. on ContractsCounsel
View David
Member Since:
January 23, 2023

David A.

Family Lawyer
Free Consultation
Get Free Proposal
Florida
41 Yrs Experience
Licensed in FL
University of Florida

Graduated UF Law 1977. 40 years experience in Family Law/Divorce and Prenuptial Agreements. Rated "AV Preeminent" By Martindale Hubble, the oldest lawyer rating firm in the USA. Top 5% of attorneys in Florida as reviewed by Judges and other Lawyers (not client reviews). Personal prompt service and easy to contact--available 24/7. Good negotiator and very personable. My clients are my priority.

Judi P. on ContractsCounsel
View Judi
Member Since:
January 26, 2023

Judi P.

Attorney
Free Consultation
Get Free Proposal
New Mexico
3 Yrs Experience
Licensed in NM
Arizona Summit Law School

Driven attorney with a knack for alternative dispute resolution, real estate, corporate law, immigration, and basic estate planning, with superb people skills and high emotional intelligence, and for working smart and efficiently, as well as time and financial management skills to deliver excellent legal work and solutions to legal issues. Seasoned with 20+ years of law firm and legal experience (real estate/corporate).

Brittany T. on ContractsCounsel
View Brittany
Member Since:
January 26, 2023

Brittany T.

Attorney
Free Consultation
Get Free Proposal
Georgia
9 Yrs Experience
Licensed in GA
Florida Coastal Law School

Brittany is an experienced attorney specializing in transactional and complex contract matters including but not limited to SaaS development and product implementation, technology/data agreements, licensing, and compliance. She has over 7 years of experience providing strategic legal advice to individuals and business clients of all sizes, from start-ups to large corporations. Brittany has a strong understanding of the legal issues related to technology and software and is well-versed in drafting and negotiating contracts ranging from software licenses to data sharing agreements. She is a highly-skilled negotiator and is adept at finding creative solutions to challenging legal issues.

Thomas G. on ContractsCounsel
View Thomas
Member Since:
January 26, 2023
Karen S. on ContractsCounsel
View Karen
Member Since:
January 31, 2023

Karen S.

Attorney
Free Consultation
Get Free Proposal
Atlanta, GA
12 Yrs Experience
Licensed in GA
Georgia State University

I'm an attorney available to help small businesses in Georgia get started with initial business set-up, required filings, tax strategies, etc. I'm also available to draft, review, and negotiate contracts. My experience areas include small business startups, information technology, technology innovation, real estate transactions, taxes, community associations, intellectual property, electrical engineering, the business of video game development, higher education, business requirements definition, technology consulting, program management, and the electric utility industry. I work part-time for a firm practicing community association law and part-time in my solo practice. I'm also an adjunct professor at Southern New Hampshire University teaching business innovation and business law. In addition, I'm part owner, legal counsel to, and a board member of a virtual reality video game development company. I am a member of the Georgia Bar Association. Please reach out if you need attorney, documentation or consulting help in any of those areas!

Find the best lawyer for your project

Browse Lawyers Now

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call