Law department is responsible for providing legal services and advice to the company, its divisions and employees. The department office faces a great number of different legal matters. These matters include: business development, contract management, real estate transactions, customer claims against the company for product damages and defects, litigation, employment law, sales and leases matters, debt collection, bankruptcy, case prosecution, and much more. All these activities create the workflow of Legal department. If to look at the workflow in whole, the following main functions of the legal department can seen:
Let's briefly consider each of these functions.
1. Providing legal advice and guidance
This is a core function of Legal department. During the company's everyday life, there are a lot of legal issues which require qualified advice from Lawyers and Legal Advisors. This is about giving advice for resolving such issues as sales, purchasing, customer support, partnership, licensing, and other. The implementation of the function is based on the following activities the department concerns:
2. Prosecution of cases in courts and litigation management
Legal department represents and defends the company interests and its employees in courts and government bodies. The department initiates litigation in case of court examinations, and the legal staff members are responsible for creating and enforcing ordinances and gathering existing claims in favor of the company. This function is fulfilled by the following activities:
3. Documentation preparation and drafting
This function concerns legal part of document management. Law department is responsible for drafting documents in forms which do not contradict or infringe existing legislation, both local and international (if company conducts oversees activities). The fulfillment of this function is based upon the following activities:
Risk assessment, particularly related to the regulatory environment that a company operates in. Reviews documents that have legal consequences (e.g. contracts) to the firm. Responds to legal actions against the company.
This department is the legal adviser to the bank,handles lawsuits, checking the credibility of security documents presented by customers .Generally it is the lawyer to the bank.
What is the phone number of the legal department at TCF bank.
chase bank Legal Department
to control the bank position financially
An insurance company's legal department is there to handle situations that require court appearances or may involve lawsuits. The legal department will represent the company.
972-608-1109
The functions of customer service in the bank is to handling the complaints, inquiries, creating a new client/customer's bank account, technical issue and incident report such as lost/stolen card.
The functions of the marketing department of a bank is to advertise about the bank and reach more potential customers who would open accounts with the bank. They usually start up a campaign or a promotional scheme explaining/offering a host of benefits that come along with the process of account opening with the bank. Such a campaign usually results in the increase in the customer base and increased revenue/profit for the banks.
Ms. Lisa F. RauchFifth Third Bank - Legal Department 38 Fountain Square PlazaMD10AT76Cincinnati, OH 45202Phone(513) 534-7294
what are three functions of the pantry department?
The primary functions of a treasury department at a bank involve asset/liability management. A substantial amount of time is invested by the department in forecasting net interest income (NII) and measuring the bank's interest rate risk (IRR) or sensitivity to changes in prevailing interest rates. The statistics generated by the department are typically fed to the bank's Asset and Liability Committee (ALCO), the group which is responsible for establishing guidelines for risk taking and balance sheet funding. The treasury department generally performs other related functions, such as managing the bank's reserve and risk capital requirements, funding the bank's balance sheet through a number of creative strategies (this is typically done in conjunction with the bank's corporate investments unit), and managing the institution's insurance requirements - property and casualty, directors and officers, and BOLL (Bank Owned Life Insurance).
According to the Legal Department for Wells Fargo, any Wells Fargo Bank branch can accept service of process
Bracebridge 1, 1100 N. King St., Wilmington, DE 19884