what does an antitrust attorney do

Antitrust attorneys straddle the line between litigation and corporate attorneys. They may advise about possible antitrust regulatory issues in an acquisition or other transaction and also represent companies in litigation, especially against the Department of Justice, Federal Trade Commission, or similar foreign government agencies.

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What do antitrust laws allow the government to do?

Jun 02, 2021 · What Does an Antitrust Attorney Do? June 2, 2021 June 2, 2021 Legal Advice . The video answers its main question in the first five seconds, so audience members can learn the basic definition of antitrust attorneys almost immediately. At that point, the video’s narrator goes into more detail about the cases that antitrust legal professionals ...

What do antitrust laws help guard against?

Overview. Antitrust attorneys help companies navigate competition issues created by organic growth or acquisition under national and international laws and regulations. Antitrust attorneys straddle the line between litigation and corporate attorneys. They may advise about possible antitrust regulatory issues in an acquisition or other transaction and also represent companies …

What are the purpose of antitrust laws?

Dec 05, 2016 · What Does an Antitrust and Competition Attorney Do? This practice area covers antitrust and unfair competition law, both in the United States and internationally. Antitrust and competition law regulates businesses at home and abroad to promote competition and competitive market practices.

What are some examples of antitrust laws?

What Does an Antitrust Lawyer Do? An antitrust lawyer is employed by individuals, businesses, and the government to make sure that companies follow antitrust laws. Some activities include: Counseling your business for antitrust laws Representing you in a claim or lawsuit Conducting internal corporate investigations

How much do antitrust attorneys make?

The salaries of Antitrust Lawyers in the US range from $17,281 to $456,941 , with a median salary of $83,521 . The middle 57% of Antitrust Lawyers makes between $83,523 and $207,156, with the top 86% making $456,941.

What is an Antitrust Law and what is its purpose?

Antitrust laws also referred to as competition laws, are statutes developed by the U.S. government to protect consumers from predatory business practices. They ensure that fair competition exists in an open-market economy.

What makes a good antitrust lawyer?

Being a good antitrust lawyer requires a combination of lawyering skills, including oral and written advocacy, an understanding of economics, interpersonal skills for large cases with multiple co-defendants and plaintiffs' counsel, and liking risk and the high-stakes poker game that is inherent in virtually every ...

What is antitrust litigation like?

As with government antitrust litigation, the subject matter of private antitrust litigation can vary widely, including claims for alleged price fixing, price discrimination, bid rigging, tying, refusals to deal, vertical trade restraints, monopolization, attempted monopolization, and unfair competition.

What constitutes an antitrust violation?

The most common antitrust violations fall into two categories: (i) Agreements to restrain competition, and (ii) efforts to acquire a monopoly. ... Agreements between competitors that establish boundaries for pricing, such as setting a minimum or maximum price, are also prohibited.

What is an example of an antitrust law?

Rockefeller's Standard Oil is one of the most well-known antitrust law examples. The company dropped prices by more than 50 percent and bought up several of its competitors. As its control of the market increased, the company lowered production costs and prices even more while still making bigger profits.

Is Antitrust Law on Bar?

The American Bar Association Section of Antitrust Law is the leading professional organization for antitrust and competition law, trade regulation, consumer protection and economics.

Is antitrust a litigation?

Antitrust Lawsuits. Antitrust lawsuits are a type of class-action lawsuit which is filed by individuals, organizations or agencies for claims of anticompetitive business practices which led to unfair competition, price fixing or other types of fraud.

Is antitrust Corporate law?

In the United States, antitrust law is a collection of mostly federal laws that regulate the conduct and organization of business corporations and are generally intended to promote competition and prevent monopolies.

What does the word antitrust mean?

Definition of antitrust : of, relating to, or being legislation against or opposition to trusts or combinations specifically : consisting of laws to protect trade and commerce from unlawful restraints and monopolies or unfair business practices.

Is the Federal Trade Commission an antitrust agency?

Finally, the Federal Trade Commission is kind of a big deal in the antitrust world. They are one of two federal antitrust agencies, along with the Antitrust Division of the Department of Justice. An antitrust attorney becomes an administrative lawyer when they have a client with FTC-dealings.

What is the name of the filing for a merger?

Indeed, for transactions of a certain size, the parties will have to file what is called a Hart-Scott-Rodino filing (named after some legislators ). Attorneys that do this call them HSR filings. These filings put the US antitrust agencies ( FTC and DOJ) on notice that you have a transaction and gives them thirty days to decide whether to issue what is called a second request.

Is antitrust compliance a smart idea?

Sometimes a company or association will want to develop an antitrust compliance policy. That is a smart idea, by the way. Other times the company will want to know if taking a certain action or developing the business a certain way carries antitrust risks.

There's a lot to like about antitrust practice, including the sheer diversity of this area

Ed. note: Welcome to the latest installment of Better Know A Practice Area, a series introducing readers to different practice areas. Each post is written by an editor at Practical Law who previously practiced in that area and currently writes about it.

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Why are antitrust laws important?

Antitrust laws are the broad group of state and federal laws that are designed to make sure businesses are competing fairly. Supporters say antitrust laws are necessary for an open marketplace. Healthy competition among sellers gives consumers lower prices, higher-quality products and services, more choices, and greater innovation.

What is antitrust law?

Antitrust laws are regulations that encourage competition by limiting the market power of any particular firm. This often involves ensuring that mergers and acquisitions don't overly concentrate market power or form monopolies, as well as breaking up firms that have become monopolies.

Who is Alexandra Twin?

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Robert Kelly is a graduate school lecturer and has been developing and investing in energy projects for more than 35 years.

Is Google suing for antitrust?

The proposal ultimately was not accepted. Important. On October 20, 2020, the U.S. Dept. of Justice filed an antitrust lawsuit against Google for anti-competitive practices related to its alleged dominance in search advertising.

What was the purpose of the Interstate Commerce Act?

Predating the Sherman Act, The Interstate Commerce Act was also beneficial in establishing antitrust regulations, although it was less influential than some of the others. Congress passed the Interstate Commerce Act in 1887.

What was the Sherman Act? What were some examples?

For example, the Sherman Act says that competing individuals or businesses can't fix prices, divide markets, or attempt to rig bids. The Sherman Act laid out specific penalties and fines for violating the terms.

What is the Sherman Act?

The Sherman Act laid out specific penalties and fines for violating the terms. In 1914, Congress passed the Federal Trade Commission Act, banning unfair competition methods and deceptive acts or practices. In 2020, the Federal Trade Commission, or FTC, is a federal agency in charge of enforcing federal antitrust laws.

Why are antitrust laws important?

Antitrust laws also referred to as competition laws, are statutes developed by the U.S. government to protect consumers from predatory business practices. They ensure that fair competition exists in an open-market economy. These laws have evolved along with the market, vigilantly guarding against would-be monopolies and disruptions to ...

What is the goal of antitrust laws?

The goal of these laws is to provide an equal playing field for similar businesses that operate in a specific industry while preventing them from gaining too much power over their competition. Simply put, they stop businesses from playing dirty in order to make a profit. These are called antitrust laws.

Who is James Chen?

James Chen, CMT, is the former director of investing and trading content at Investopedia. He is an expert trader, investment adviser, and global market strategist. Robert Kelly is a graduate school lecturer and has been developing and investing in energy projects for more than 35 years.

What is market allocation?

Market allocation is a scheme devised by two entities to keep their business activities to specific geographic territories or types of customers. This scheme can also be called a regional monopoly.

What is it called when two or more parties collude to choose who will win a contract?

The illegal practice between two or more parties who collude to choose who will win a contract is called bid rigging. When making bids, the "losing" parties will purposely make lower bids in order to allow the "winner" to succeed in securing the deal. This practice is a felony in the U.S. and comes with fines—even jail time.

What is price fixing?

Price fixing occurs when the price of a product or service is set by a business intentionally rather than letting market forces determine it naturally. Several businesses may come together to fix prices to ensure profitability.

What are the three pieces of antitrust legislation?

antitrust legislation was created by three pieces of legislation: the Sherman Anti-Trust Act of 1890, 1  the Federal Trade Commission Act 2 —which also created the FTC—and the Clayton Antitrust Act. 3 .