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Corporate lawyer

Introduction

In the previous several decades, the corporate sector, often known as the business sector, has experienced extraordinary expansion. This has resulted in a variety of possibilities for business lawyers in the industry. A corporate lawyer is someone who is in charge of addressing legal aspects of business operations and decisions. 

The phrase “Corporate Lawyer” refers to a lawyer who specializes in corporate law. A corporate lawyer’s role also includes keeping the board of directors up to date on their legal obligations. A corporate lawyer’s function impacts the entire organization, and they represent their companies in legal matters.

Corporate law courses look at the laws that regulate the rights, relationships, and actions of individuals, corporations, organizations, and enterprises. These days, there are a variety of corporate law courses offered at the graduate, postgraduate, doctoral, and diploma levels. These courses last anywhere from three to five years at the graduate level, two years at the postgraduate level, and one year at the diploma level.

Corporate Law requirements

1. Educational Requirements

Candidates interested in pursuing a career as a corporate lawyer must meet the educational prerequisites. The following is a list of educational criteria that must be met

The following is a list of educational criteria that must be met-

2. Soft Skills

Corporate lawyers need to be efficient in studies as well as in other activities. That’s why they need to develop certain skills to make their career successful. The following are some popular and common skill set for corporate lawyers

Corporate lawyers must not only be clear orally and have great written communication abilities, but they must also be effective listeners. Because a corporate lawyer must influence juries and judges in the courtroom, excellent public speaking abilities are essential.

As a corporate lawyer, you must be able to come to reasonable, logical conclusions or assumptions based on little knowledge. A corporate lawyer's role is to critically evaluate these decisions.

Lawyers, especially those who are just starting, must put in a lot of effort. Even for current duties, there isn't enough time, therefore many people seek additional assistance. You must assess the quantity of labor required, spread the workload appropriately, and remember to break.

To succeed in a profession as a corporate lawyer, one must have the tenacity to accomplish the job required.

It is the responsibility of a corporate lawyer to be presentable, influential, and able to read people. Being personable enables a business lawyer to choose the best course of action to accomplish the desired result.

To operate as a business lawyer, one must conduct a considerable study into important information. To understand one's clients, a corporate lawyer must be able to research fast and efficiently.

Corporate Law Eligibility

Stream Entrance exam Graduation Post-graduation
The candidate should pass class 12 from any educational board. One needs to qualify for the entrance exam. The aspirant should possess a bachelor’s degree. (LLB, B.A.LLB, etc) The candidate can also study post-graduation (LLM). Although it is not necessary to study.
They should get at least minimum marks to get admission in any bachelor s degree. The minimum marks depend on the exam you appear for. At least 50-60% should be gained by the applicant. The candidate should gain at least 50-60%.
The candidate can study any stream (Arts, Science, or Commerce) to pursue MBA. They can enroll in the exam of any national, state, or university level. The aspirant can get a degree from an accredited law college. The aspirant can get a degree from an accredited law college.

Corporate Law courses

Undergraduate courses Postgraduate courses Ph.D. Diploma courses
B.A. LLB ( Bachelor of Arts + Bachelor of Legislative Law degree) LLM in Corporate and Securities Law Ph.D. in Business law PG Diploma in Business and Corporate Law
LLB (Bachelor of Legislative Law) LLM in Corporate Law Ph.D. in commercial law Advanced Diploma in Business Law
BBA LLB ( bachelor of business administration- bachelor of legislative law) LLM in Corporate and Commercial Law Ph.D. in taxation and business law Diploma in Corporate Laws
B.Sc. LLB LLM in Corporate and Business Law Ph.D. in commercial and international economic law PG Diploma in Corporate Law and management
B.Com. LLB (Bachelor of Commerce and Bachelor of Legislative Law ) -- -- Post Graduate Diploma in Corporate Law
B.L.Sc. LLB (Bachelor of Legal Science & Bachelor of Legislative Law) -- -- --

The entrance exam for admission in law colleges

Exam name Conducting body Exam level Frequency Duration
CLAT (Common Law Admission Test) Consortium of NLUs National Level Once a year 2 hours
LSAT (Law School Admission Test) Law School Admission Council (LSAC) National Level Twice a year 2 hours 20 minutes
AILET (All India Law Entrance Test0 National Law University Delhi University Level Once a year 1 hour 30 minutes
AP LAWCET (Andhra Pradesh Common Law Entrance Test) Sri Krishnadevaraya University State Level Once a year 1 hour 30 minutes
MH CET (Maharashtra Health and Technical Common Entrance Test_) State Common Entrance Test Cell, Government of Maharashtra State-level Once a year 1 hour 30 minutes
PU BA LLB ET (Panjab University BA LLB Entrance Test) Panjab University Chandigarh University Level Once a year 1 Hour 30 Minutes
DU LLB EE (Delhi University LLB Entrance exam) National Testing Agency University Level Once a year 2 hours
TS LAWCET (Telangana State Law Common Entrance Test) Osmania University, Hyderabad State Level Once a year 1 Hour 30 Minutes
SLAT(Symbiosis Law Admission Test ) Symbiosis International University (SIU) University Level Once a year 2 hours 30 minutes
ILICAT (Indian Law Institute Common Admission Test) Indian Law Institue University Level Once in a year 2 hours 30 minutes

Top colleges for Corporate Law

College name Location
National Law University (NLU) Different Locations in India
Symbiosis International University (SIU) Different Locations in India
Banaras Hindu University (BHU) Banaras
Delhi University (DU) Delhi
Indian Law Institue (ILI) Delhi
Lovely Professional University (LPU) Punjab
Dr. Ram Manohar Lohiya National Law University Lucknow
National Law School of India University Banglore
National Academy of Legal Studies and Research Hyderabad
West Bengal National Law University of Juridical Science Kolkata

The work description of corporate lawyers

Corporate lawyers are commercial law professionals. They are in charge of verifying that a company’s transactions respect all applicable rules and regulations. They develop the company’s legal policy and posture. They could work for a law firm or a company’s legal department. Preparing paperwork, evaluating relationships, and negotiating transactions are all part of the job description. The following are some of the tasks that corporate attorneys have daily-

  1. They establish a systematic approach to legal issues.
  2. They protect the company from repercussions.
  3. They must help managers and ensure that compliance rules and controls are followed.
  4. Preparing and reviewing legal reports and other supporting legal documents is one of their responsibilities.
  5. They are the company’s legal representatives.
  6. All agreements must be written and all transactions must be regulated systematically.
  7. They provide legal assistance to business officials and workers.
  8. They take the required safeguards and procedures to protect the company from legal threats.
  9. All commercial transactions are coordinated and negotiated by them.
  10. They are the company’s representatives when it comes to negotiating transactions.

Internships for corporate lawyers

Internships are required for any law student who wants to grasp the practice and experience components of theoretical knowledge. As a profession, corporate law is a very important field of law. A corporate law internship can help you gain a better knowledge of the corporate challenges that affect everyone in the business world. In terms, a corporate legal internship benefits the law student in a variety of ways. Some of the advantages of internships for business lawyers are as follows:

  1. An internship in corporate law assists in the development of a strong professional network. It leads to greater career possibilities in the future.
  2. During their internship, the interns learn a lot about the firm and how it works.
  3. Internships like this provide students a hands-on grasp of academic concepts.
  4. Internships are a great way to get money. Interns may be paid a stipend by some employers.

Job prospects of corporate lawyer

Job name Job description
Corporate lawyers- Lawyers that specialize in business law are known as corporate lawyers. They are mostly used by businesses to guarantee that transactions are carried out by corporate law and regulation. They might work for a law firm or a company's legal department.
Legal advisors Legal counselors are individuals who help and advise their clients in legal matters. Legal advisors give broad legal counsel to businesses on matters such as company development, acquisitions, and other business procedures.
Associate advocate They settle legal issues and litigation matters on behalf of their clients by reaching agreements, resolving claims, drafting contracts, and advocating for them in court. They can operate on a small to large scale, ranging from divorce to spanning and civil rights to corporate law and criminal law.
Lecturer They use a variety of platforms and ways to create and distribute learning materials. They also interact with students, participate in interviews, attend conferences, and attend meetings.
Legal Analyst A legal analyst is a legal expert who assists or supports individual attorneys. A legal analyst's responsibilities include doing legal research, compiling legal research, maintaining databases and tracking systems, as well as tracking, organizing, evaluating, and filing papers.
Law administrative assistants They operate professionally in a legal setting, assisting paralegals and attorneys. They also perform legal research, draught papers for various legal films, and keep track of timetables. They guarantee that their office's administration is functional and efficient.
Legal journalist A legal journalist is a professional journalist that does research, gathers data, and disseminates that data to the general public through a variety of media. However, they are primarily concerned with reporting legal issues.

Top recruiters for corporate lawyers

The following are the top companies that hire corporate lawyers-

  1. Shardul Amarchand Mangaldas and Company
  2. Khaitan and Company
  3. Lakshmikumaran and Sridharan
  4. Trilegal India
  5. Anand and Anand
  6. DSK Legal
  7. AZB and Partners
  8. Vaish Associates
  9. Desai and Dewanji
  10. S&R Associates

Pros and Cons of Becoming a corporate lawyer

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