A core part of capitalism is the idea of competition driving improvement. It’s important to have plenty of healthy competition in a capitalist economy to keep things relatively fair for the consumers and other business owners. When monopolies form, this prevents competition and allows one firm to control the market. That’s where antitrust attorneys come in.
Antitrust lawyers will work on competition and fair trade rights issues. They’ll oversee mergers and acquisitions to make sure that the companies merging aren’t forming a monopoly or going against the antitrust laws in place. They will also help with price-fixing lawsuits. In other countries, antitrust lawyers are called “competition” lawyers.
Often, antitrust lawyers will work with corporate entities to ensure they are obeying antitrust laws. Government agencies will also employ antitrust lawyers, like the Department of Justice and the Federal Trade Commission. They need to have an understanding of the complex laws in place.
There are federal and state laws that the lawyers will need to know depending on where they are located. There is a lot to know and a lot of different cases that an antitrust lawyer may take part in. For more information on antitrust lawyers, check out the video in the link above.
