How an Antitrust Lawyer Benefits You in Your Career
Here is some helpful advice about antitrust lawyers to benefit you in your career.
Oct 4, 2019
There are many things to consider when starting your company. While subjects such as location and customer base are important, having legal counsel to guide you as you operate is equally important. One crucial lawyer to help you is an antitrust lawyer who can steer you through your competition. Here are some ways they can assist.
What Is an Antitrust Lawyer
This type of attorney keeps the playing field even across the corporate world. They make certain that the market is competitive for everyone instead of one company owning everything. This is to benefit the end consumer buying your product as well as the businesses supplying it.
They do this to assure that prices are low and are able to fluctuate. They prevent the consumer cost from being locked in at an astronomical rate because the manufacturer owns the market and wishes to do so. They work heavily with the economy and have a great deal of experience on how it works.
Regulate the Market
You should retain an antitrust attorney when your business begins. If you have a new concept that is relatively new, they will be able to watch other companies to make sure you are playing fair instead of being charged with antitrust crimes. They will advise you on how flexible you are with the price you set on your product and prevent you from price fixing.
They also will ensure that your item is able to compete fairly with other corporations. They will prosecute if they believe a company is locking out all other competition and setting a price to high for consumers to pay. They will also stop the opposition from dropping the price so low that your customers leave you and force you to close your doors.
They will protect you from losing out on potential customers due to another corporation’s actions and they will file a suit on your behalf if they feel someone has transgressed this. They will research the evidence to find their answers from shipping manifests to emails exchanged.
This type of lawyer can also advise you if there is a potential chance to merge with another company to give you both more profit. If they see this as advantageous for you, they can guide you through the steps to join with the other team.
If they think this will harm you in the long run or get you in legal trouble, they can steer you away from it and possibly offer better options. They can also facilitate the actual merger for your benefit and see you through the whole process.
While an antitrust attorney will prevent a monopoly from happening to the market or oversee the acquisition of another company, they also stop a manufacturer from coercing sales from a customer by denying them the products they really want.
They make sure that the items that are offered on the market are available to be purchased by themselves instead of the quantity being restricted unless you buy other products that are less than necessary to the operation of your business. This keeps your costs to operate under control and keeps only the things you need in your inventory.
Source of Conflict
While you can hire this sort of a lawyer to work internally for you, they are predominantly found working in and around the government, particularly for the Federal Trade Commission and the Department of Justice. It is here that they have the closest look at what might transpire in the economy and where issues might arise.
This also gives them the opportunity to see antitrust laws be written firsthand and put into practice. They are also seen defending companies of all sizes and shapes, from small startups to the largest companies in the country.
In this case, they may work in a law firm that can be hired by a business or, if the corporation can support the position, they will work in house for just that place.