Legal Advisory

Legal Advisory Meaning:
Legal Advisory is a type of service provided by large professional service networks for clients that include governments, not for profit, national companies and multinationals. These organizations may require advisory and guidance on a broad range of issues arising from day-to-day operational activities, understanding of legal implications of decisions, avoid non-compliance issues, due diligence, legal certainty over their business relationships as well as avoid unnecessary legal risks or disputes as well as structuring legal obligations to be as beneficial as possible. They specifically can advise a business throughout every stage of a transaction, from negotiation through to execution.

Legal Advisory Example:

Legal networks such as Lex Mundi, WSG or accounting networks like PWC and Deloitte can offer legal advisory catering to legal areas such as commercial law, real estate law, mergers and acquisitions, litigation and dispute resolution and corporate law. Large professional networks such as PWC can also combine its legal and regulatory capabilities that can support other network businesses such as consulting, audit, risk advisory, tax and financial advisory to create an integrated solution approach for a client. Specifically they can support complex processes of M&A, negotiating and drafting commercial agreements, setting-up joint ventures and IPOs.