Small Law Perspective:  Small general practice firms may be involved in commercial transactional work, particularly relating to consumer credit, collections, or sales. There are also small, boutique firms engaged in a variety of commercial work, such as consumer credit issues, sales, creating and perfecting security interests/liens, enforcing or collecting money judgments, commercial lending, workouts, and reorganizations.

 

Large Law Perspective:  As is true in other fields of law, larger firms tend to handle complex commercial litigation matters since they have the resources to focus on such complex litigation. Lender liability litigation, for example, is a large law firm practice area. Other large law firms have practices that include business financing, such as commercial lending and asset based financing, and firms that represent financial institutions, such as banks, commercial finance companies, and leasing companies.

 

In-House Counsel Perspective: Corporate legal departments of corporations, banking and financial institutions, or insurance companies are regularly involved in commercial transactions, such as securing debt or financing. Also involved in these areas of law are government entities, such as agencies that extend loans or credit, or who oversee banks and/or lending institutions.