6 industries that benefit from legal translations

6 industries that benefit from legal translations

When it comes to doing business globally, the way you communicate can make or break your business. While you may already be leveraging translation services to help you reach new markets in other countries, you may not have given much thought to also getting legal documents translated.

Legal translation work encompasses a variety of solutions for many industries. Many companies need to translate contracts, conduct industry research, and manage their brand in more than one language, and those industries that are highly regulated need to ensure that their applications and business documents are all in line with country compliance requirements. That often means they need to be translated into the local language.

The following are six industries that benefit the most from using legal translation services.

1. Pharmaceutical and medical devices

The medical world is highly regulated. It is crucial to be compliant in your product information, instructions, and more. One small error and pharmaceutical or medical device companies could face lower revenues, dropped accounts, or even lawsuits.

Having intellectual property documents translated by someone familiar with technical and legal speak is crucial. For example, a legal translator should work on medical device labeling to ensure compliance in other countries.

2. Medical research

The life sciences industry focuses on more than just sales. It is deeply entrenched in new research and improving medical devices.

Researchers often conduct new global studies that require research, data collection, and more from a variety of languages. Often, clinical trials are conducted using non-English speakers. To adhere to legal standards, these contracts must be written in their native language before signing.

Once a study is complete, medical researchers need to publish their findings. They must also raise awareness of the findings on a global scale. This international involvement requires extensive translation work. When spreading awareness and marketing new findings, medical researchers must adhere to strict regulations. A legal translation allows them to maintain compliance as they market their findings.

3. Finance

Finance is another ultra-regulated industry. Every institution, office, and advisor must maintain compliance measures when handling a client’s money.

Global finance firms must perform transactions without risk of violating market or company regulations. With help from a legal translator, contracts, correspondence, and more will stay compliant across all languages.

4. Manufacturers

Manufacturers frequently work on a global scale creating products. These multinational companies often need product information, contracts, licenses, trademarks, patents, and other manufacturing documents in a variety of languages. These documents must follow strict legal standards. One small error could cost businesses serious money. An ISO-certified translator understands what is at risk and can accurately translate technical and legal documents in a way that will maintain compliance.

5. Real Estate

Real estate is an industry that deals with many different players for each transaction. A transaction for a single piece of property can go through dozens of layers of approval. Real estate agreements, sales contracts, leases, and other important documents all must clearly relay what is being agreed upon.

Realtors who work in multiple countries often turn to legal translators to keep their documents consistent and in line with the law across all languages.

6. Legal

Working in the industry, it makes sense that legal translations are a must for law practices of all sizes. From summarizing case documents to writing settlements and contracts in another language, there are many ways lawyers benefit from working with translators.

Without a doubt, there is a huge need for accurate, compliant legal documents in a variety of industries. Highly regulated and contract based companies benefit in working with translators with deep legal and industry experience.

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