Future Proof your career with a degree in Corporate Law

Over the years, the significance of a career in Corporate Law has interested many law aspirants. A person landing a job at a good corporate law firm can get a high-paying package and a profitable career path which is very rewarding. While the field of Corporate Law requires some years of patience and hard work, the reward for the sacrifices made in these years is worth the result. Today, the career opportunities for Corporate Lawyers have increased with companies hiring legal professionals on a large scale.


What Is A Corporate Lawyer?

The role of a Corporate Lawyer revolves around understanding the problems a company could face and managing the damage control of the legal domain at necessary times. The work of a corporate lawyer focuses on safeguarding the company or business with legality.

As a corporate lawyer, one has to deal with legal tasks and take care of company mergers, taxes, employment legislation, company construction points and authority reporting. The corporate lawyer must act as a responsible representative of the company by ensuring that the company operates within the limits of the law.

What Skills Do You Need To Become A Successful Corporate Lawyer?

Corporate Law is a growing field, with an ocean of opportunities in the front; one needs to have some skills to succeed as a corporate lawyer. While one must possess basic skills like out-of-the-box thinking, analytical approach towards concepts, attention to detail, etc., some skills are a must to become a successful corporate lawyer. These include:

●     Knowledge of Business

Commercial awareness or business knowledge is a critical skill a corporate lawyer must have. To handle the legal operations of a company, the lawyer must understand the business point of view of every step the company takes and has to ensure that the work is being done under the legal domain.

●     Research

 Research might sound like an easy task, but it is undoubtedly not. To build a legal draft for the company, you must go through numerous documents, and researching plays a significant role in the process.

●     Problem Solving

As a corporate lawyer, your work is not restricted beyond drafting legal drafts; you also have a crucial role in representing a client. As a lawyer, you must be keen on problem-solving with your critical thinking ability.

Different Types Of A Corporate Lawyer

Corporate Law is a broad field, and for a law aspirant wanting to pursue corporate law as a career, knowledge about the types of corporate lawyers is a must. There are a total of five types of corporate lawyers with different purposes in serving one another.

●     Civil Litigation Lawyer

During a civil lawsuit, a civil litigation lawyer (litigator or trial lawyer) represents plaintiffs and defendants. Civil litigation lawyers are responsible for investigation, discovery and pleadings during a civil lawsuit.

●     Legal Analyst

A legal analyst is a lawyer who provides support to individual lawyers.

●     Document Drafting Lawyer

 A document drafting lawyer is responsible for dealing with the legal proceedings. They also draft the legal proceedings to advise clients.

●     Legal Journalist

A professional journalist is responsible for researching and collecting information about legal cases so that the news can be communicated to the public.

●     Legal Advisor

A legal advisor is responsible for providing the necessary legal assistance for the corporates, while the responsibilities include creating different legal documents.

What About Educational Qualification?

To become a corporate lawyer, one must have pursued their graduation in a five-year integrated B.A. LL.B or three-year LL.B degree. To pursue a career in any segment of law, the aspirant must pass the tenth and twelfth qualifications. This is the minimum requirement if someone wants to pursue a graduation in law.

Aspirants with at least 45% marks in their 10+2 have to appear in Common Law Admission Test (CLAT). A student’s admission to a law university depends on this examination. You can opt for a three-year LL.B degree course or the five-year integrated B.A. LL.B degree course.

Around the country, most colleges take law admissions based on entrance examinations. For U.G. level courses, the aspirants are evaluated based on their knowledge of subjects like G.K., Mathematics, English, Legal Aptitude, and Logical Reasoning.

What Are The Career Prospects In Corporate Law?

With the constant growth in globalization and the establishment of new companies in the corporate sector, corporate law has emerged as one of the most prominent professions of this time. Due to their authority and demand in an organization, the scope for a career in Corporate Law has elevated.

Corporate lawyers have various opportunities available in both government and private sectors. A corporate lawyer can work for a company on payroll, as an associate in a law firm, or even as in-house counsel for several firms simultaneously. One having specialization in areas like Mergers & Acquisitions, Securities, or Venture Capital has numerous opportunities for them in the industry. It is expected that a considerable surge will be seen in the demand for corporate lawyers in the coming years.                     

What Is The Average Salary & Growth As A Corporate Lawyer?

 As a corporate lawyer, you can work in several different sectors, either government or the private sector. When it comes to the average salary of a corporate lawyer in India, it keeps growing with time and the experience you nurture.

Salary growth in the government sector relies over time, while in the private sector, it relies upon the lawyer’s expertise and knowledge of corporate law. The average salary of a corporate lawyer in India is INR 6.9 Lakh per annum. While for a fresher, the average stalls near INR 1.47 Lakh per annum.             

Conclusion:

A career in Corporate Law can shine throughout if you have the ability and necessary skills that one should possess to become a part of this area. With proper qualifications and attempts in the entrance examinations, one can get admission to a renowned university to open the doors of corporate law as a career for the future. The demand for corporate lawyers has been witnessing growth daily. Someone with experience and expertise in the field can make a great fortune and a promising career as a Corporate Lawyer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             


Location: India

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