Working as a corporate lawyer can be an enriching and lucrative career choice. Since Corporates are flourishing in India, there is ample scope and growth for a corporate lawyer in India. Today, corporate lawyers are employed and consulted by top-notch organizations and hence this field offers a lot of opportunity for young and dynamic law aspirants.
What is Corporate Law? Corporate law (also known as business law or enterprise law or sometimes as company law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations, and businesses. The term refers to the legal practice of law relating to corporations or to the theory of corporations.
Difference between Corporate Law and Litigation The difference between corporate law and litigation is simple. Corporate lawyers draft transactions ordeals and give advice in relation to corporate matters. Litigators, on the other hand, step in when those transactions go wrong. Litigators resolve disputes through the judicial system or through alternative methods, such as mediation or arbitration.
Work of a corporate lawyer
Basically, a corporate lawyer’s work profile will include advising businesses on their legal obligations, rights, and responsibilities. They also evaluate ventures and provide advice on business structures, Mergers, and Acquisition deals. He can help a client at every stage of business. Right from the time of creation to organization and finally dissolution of the business entity. A corporate lawyer structures transactions, drafts documents, negotiates deals, attends meetings, and works towards getting the best for his client. Corporate attorneys also advise on the duties and responsibilities of corporate officers, directors, and insiders. This list though not exhaustive outlines some of the areas in which corporate lawyers spend their time.
However, the work of a corporate lawyer is extremely challenging and one needs to be prepared for high responsibility, long working hours, continuous vigilance, and forced networking.
Skills required to become a good Corporate Lawyer If you want to become a successful corporate lawyer then you must have good communication skills, numerical ability, general and business awareness, researching skills, drafting skills, and most importantly an eagerness to learn and improve. One also requires an understanding of Company Law and other allied laws.
Educational qualification A corporate law aspirant should be a graduate in any discipline for joining a 3 year LLB course or 10+2 for an integrated course of 5 of B.A.L.L.B.
Top National-Level Entrance Exams for Law
ExamConducting AuthorityCLAT- Common Law Admission TestNLUs (National Law Universities)
AILET– All India Entrance Test National Law University, Delhi (NLU-D)
LSAT- Law School Admission TestPearson VUEDUET (Law)University of Delhi (DU)
There are no Diploma or Certificate Courses to attain an LLB degree.
After getting a Bachelor’s of Law Degree the aspiring candidate can apply to a Company or a Law firm engaged in advising Corporate clients. Candidates can also enroll themselves for a master’s degree like L.L.M Corporate Law
How much does it cost?
The average cost of pursuing an undergraduate law degree or L.L.B in India is ₹3 to 8 Lakhs, including accommodation and food facilities. The fees for Law colleges vary from ₹10,000 per month to ₹2.5 lakhs per annum. And for the integrated five years LLB course, the fees may go as high as ₹11 lakhs for 5 years.
For LLM or Master of Law in Corporate Law, the average total course fee ranges from ₹2 lakhs to ₹5 lakhs for two years. These fees also vary from college to college.
Salary of a Corporate Lawyer
The salary of a corporate lawyer in government enterprises is fairly good and it is revised periodically. However, the financial success of a corporate lawyer in a private enterprise depends on his experience, knowledge, and eagerness to perform and deliver on time.
A corporate lawyer in India working in a large corporate private corporate house can expect to start with a remuneration of about ₹ 100,000 per month.
Salary also depends on the institution one passes out from and experience gained through internship programs.
Corporate Law Career in India With the growth of trade and economy, corporate law has become one of the most desirable career options for today’s generation. A corporate lawyer is in demand in corporate entities as well as Indian and foreign law firms.
#ca #calecture #calaw #calawlecture #theorymasterslearning #theorymaster #cafoundation #cafoundationlaw #cafoundationlawlecture #freeonlinecourses #caonline #preetiaggarwal #capreetiaggarwal #capreetimaam #cacoaching #calawcoaching #lawclasses #castudents #caaspirants #calawstudents
CA Preeti Aggarwal
Contact No: +91-9653447150