There has been tremendous growth in the corporate & business sector over the past few decades, leading to the opening of a variety of new career paths. Corporate law is one of the most prominent among them.
Corporate law is a relatively new field yet it offers a bundle of opportunities for growth and career advancement. The practise of corporate law is highly diverse and is inherent to both the legal and business worlds.
In India, it has become one of the most dynamic and exciting areas of law, so it’s no surprise now if the law aspirants would want to enrol in one of the best law colleges in Noida, Bangalore, Pune, or anywhere across the country.
In this blog today, let’s run you down through a career you can pursue as a corporate lawyer and the vast land of opportunities it exposes you to!
Responsibilities as a Corporate Lawyer
Generally, a corporate lawyer concentrates on working for a single corporation/company or a client. He/She helps a company run within the legal framework, either as a senior executive or in-house counsel or as a consultant, advocate, policymaker, or researcher.
The responsibilities of a corporate lawyer include tax planning, mergers and acquisitions, corporate structuring, employment law, and government reporting. The corporate lawyer should generally be proficient in a variety of legal areas and should be capable of handling a wide range of legal issues.
As part of their job description, corporate lawyers perform tasks such as due diligence (appraising the business for potential partners or buyers). Furthermore, they must negotiate agreements with different parties and verify all accounts and finances associated with businesses.
Also, it is very common for corporations to hire multiple lawyers who specialize in different areas of corporate law.
Skills Required
It is important to have certain skills that will assist you in handling the variety of challenges you’ll face as a corporate lawyer. Also, if you want to stand out to potential recruiters in your field, it is essential to have some relevant work experience as well.
Following are the key skills that a corporate lawyer must possess:
- Good communication skills
- Numerical ability
- Business awareness
- Knowledge of legislative developments
- Ability to take up the responsibility
- Analytical thinking
- Researching skills
- Confidentiality
- Excellent knowledge of corporate and commercial laws
Educational Qualifications
Corporate lawyers are law graduates who have completed a 3-year L.L.B. course or an integrated 5-year course of B.A. L.L.B.
Upon obtaining a Bachelor of Law Degree, a candidate can choose either a specialized qualification in Corporate Law or can enrol themselves in a master’s degree program such as L.L.M Corporate Law.
Career Prospect
Today, Indian businesses are the backbone of the economy. Whether it is corporate governance or professional consulting firms, Corporate Law is in demand across all organizations.
Also, with the advent of foreign legal entities in India, the scope of corporate lawyers has only increased, giving aspiring solicitors ample career opportunities.
Remuneration
The scope of a respectable monthly salary from the beginning of the career is one of the major factors which is driving young law graduates to have a career in corporate rather than opting for traditional litigation. A career in Corporates as an in-house counsel, Associate, Junior Associate, Legal Executive, etc gives financial autonomy to the law graduates, and with the increases in experience and knowledge the career graph of individuals keeps on growing. In the current era of Public-Private Partnership ( PPP) the scope and role of corporate lawyers are manifold even in the Government sector which opens doors of Government job opportunities as well for law graduates after one gains the required experience.
Right Time to Hit for a Career in Corporate Law
In conclusion, one can manage to get a handsome salary depending on their knowledge, expertise, and experience in the field of corporate law.
So, if you are thinking about pursuing law as a career option but are confused about which college to choose, we would suggest you opt for Asian Law College, which is rated as one of the best law colleges in Delhi, NCR, and which offers a dedicated Certification in Corporate Legal Communication ( CLC) to all its students along with the regular B.A.LL.B. and LL.B course. This certification is designed with the aim of helping law students to shape themselves according to the professional requirement of the corporations.
We are pretty sure it will be a great kickstart for your prosperous future in law.