Corporate Lawyer is a professional who deals in legal aspects of the corporate world such a mergers and acquisitions, industrial relations and settling legal disputes with competitors. Globalization and opening up of the Indian Economy for the world have created the multinational culture thereby increasing the demand for Corporate Lawyer.
Corporate Lawyer Eligibility
1. Educational Qualification
To be eligible for becoming a Corporate Lawyer the aspiring candidate should be a graduate in any discipline for joining 3 years L.LB course being run by various universities and law colleges. OR 10+2 for joining an integrated course of 5 years of B.A. L.LB.
Corporate Lawyer Required Skills
- As a corporate lawyer will be called upon to handle a variety of legal tasks including corporate taxes, mergers and acquisitions, corporate structure issues, employment laws, employee contracts, labour and employment law and government reporting thus he should be able to handle a large number of issues like patents, mergers and acquisitions etc.
- To become a competent Corporate Lawyer, it requires a lot of hard work dedication and determination to excel. The job of a Corporate lawyer demands an in-depth knowledge of the Corporate structure and Corporate law prevailing in the country.
- Candidates should have discipline, sense of responsibility, commitment and self-confidence besides loads of training and knowledge about the Corporate World.
How to become a Corporate Lawyer?
To become a Corporate Lawyer the aspiring candidates have to follow the below-given steps:-
Step 1
To become a Corporate Lawyer, the aspiring candidate has to first possess a degree in L.LB. To get admission to some reputed law colleges for getting L.LB degree the eligible candidate has to undertake an entrance test conducted by Law departments of various universities of India or the independent law schools/ Institutions. CLAT (Common Law Admission Test) being one of the most sorts after ways to get into the law career. CLAT is conducted every year to admit students into 5 years integrated B.A L.LB Degree Course in top ten of the national law schools. CLAT consists of questions from the topics such as:
- Legal Aptitude
- Logical Reasoning
- English including Comprehension
- General Knowledge/Current Affairs
- Elementary Mathematics
However, some institute also admits candidates on basis of marks obtained by them in the qualifying classes.
Step 2
After completing and Classroom courses of LLB every Law graduate has to complete the mandatory internship as per the norms of the institutions. After getting Bachelor’s of Law Degree the aspiring candidate can go for specialized qualification in Corporate Law i.e Advance Diploma in Corporate Law (ADCL).
Step3
An aspiring corporate lawyer can open for higher education in Corporate law and enrol themselves for a Master’s degree like L.L.M. Corporate Law. OR Enrol himself/herself as an advocate in any of the State Bar Council regulated by the Advocates Act, 1961. After that, they are allowed to enrol and practice in any court in any part of the country.
List of Institutes Offering Corporate Law Courses:
- National Law School of India University, Bangalore - offering Master of Law in Corporate and Security Law.
- Bharti Vidyapeeth Deemed University, New Delhi College, Maharashtra - offering certificate course in Corporate Law.
- Shamsher Bahadur Saxena College of Law, Haryana - offering one-year diploma in Corporate Law and Management.
- Aligarh Muslim University, Faculty of Law, Aligarh - offering PG Diploma in Corporate Law
- Dr Ambedkar College of Law, Andhra Pradesh - offering Master of Law (Corporate and Security Law).
- Indian Law Institute, New Delhi - offering PG Diploma in Corporate Law
Corporate Lawyer Job Description
Corporate Lawyer Job Description includes handling a variety of legal tasks that includes corporate taxes, mergers and acquisitions. They are also responsible to handle issues like employment laws, employee contracts, labour and employment law and government reporting. Corporate Lawyers also look into a matter in case some sort of criminal charges are there against their clients regarding his business activities and also legalized any new business deal performed by the organization. Their job also includes meeting with clients and other attorneys, preparing legal documents, opening and closing courtroom arguments, conducting research and compiling shreds of evidence for their employers.
Corporate Lawyer Career Prospects
After the globalization of trade and economy, the corporate law has become one of the most sort after career option for today’s youth both in-house counsel and in law firms. Corporate Lawyer is in demand across all domination be it the corporate governance or business consulting firms. With foreign law firms moving in India the scope for Corporate Lawyers has increased many folds.
Corporate Lawyer Salary
Salary of a corporate lawyer in Government enterprises is fairly good and it keeps on increasing with time and experience as and when the government pay commission is revised. However, the financial success of a corporate lawyer working in the private sector depends upon his experience and knowledge of the field. A corporate lawyer working in the Large private corporate house can expect anything near about Rs.1,00,000 per month to start with.
