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Litigation is what most non-lawyers know about the law. Lawyers go to court. They argue in trials, they cross examine witnesses, they make an argument to the jury. In appellate litigation, they go before courts like the United States Supreme Court, and they argue a case in front of a judge or judges. They are settling disputes. Thats what litigators do, but thats not really what most lawyers do. Most lawyers are transactional lawyers, Transactional lawyers dont get involved in disputes. Its kind of our job actually to make sure disputes dont happen in the first place. Transactional lawyers advise clients, who are for the most part entering into business deals together. What kind of business deals? All kinds, banks lending money to companies, companies accessing capital markets by selling debt securities to the public, or to a bunch of investors in a private placement. One company acquiring another in a merger or an acquisition, the creation of new kinds of financial products like
