Corporate Law offers some of the best options while it comes to career choices. The following post explores corporate law as a career option in India.
Gone are those days when the profession of a lawyer was thought to be spent by appearing at courtrooms and debating over any issue. Over the years, the profession has underwent a lot many changes and thus new fields like corporate law and others are opening up and offering lots of options in careers and professions for young individuals.Ā
What is Corporate Law?
In general corporate law refers to the study of how shareholders, employees, directors, creditors and also consumers, community as well as the environment interact with each other. Corporate law is essentially a part of the larger Companies law. Under the Corporate Law, all organizations have a separate legal identity with liabilities to its stakeholders.
Corporate Law is related to commercial law and contract, and deals with the functioning and operations of an organization. As a corporate lawyer you would ideally work for corporates and companies; you would be representing their entities of all kinds. These include corporations, associations, joint ventures, sole proprietorship and even partnerships.
What does a Corporate Lawyer Do?
If you have an inclination towards problem solving especially pertaining to business dealingsāthen corporate law is definitely the best option for you. The work field of a corporate lawyer is to assert the legality of business transactions. A corporate lawyer gives hi valuable advice to clients on various issues related to their needs. He or she has to be extremely well-versed in bankruptcy, contract laws, tax laws, securities laws, intellectual property rights and all other related fields.
Skills Required by a Corporate Lawyer
Needless to say that apart from an educational degree, a corporate lawyer is bound to possess certain skill sets that would help him in tasting success. He should be well versed about the various laws that have been issued by a multiple government institutes and all other government departments; latest knowledge on rules and regulations about business, company litigations are very much important and required for a corporate lawyer. India has several options in the domain of corporate law. As an aspiring corporate lawyer, you can be employed in a lot of top-notch organizations. Law-firms, partnership firms are some of the best options in this segment. While some youngsters opt out from working in partnership firms ā nonetheless these are good options for professionals of corporate laws.
Top Law Colleges in India offer specializations in corporate law. All major colleges in this field offer degree in corporate law. Some of the top law colleges in India comprise the following:
Faculty of Law, University of Delhi, Delhi: One of the oldest law colleges, the Faculty of Law at Delhi University offers degrees, diplomas and certificates in Corporate Law.
Nalsar Law University, Hyderabad:Just like Delhi University, the Nalsar Law University also offers degree and diplomas in corporate law. Students have to appear for an entrance test.
National University of Juridical Sciences, Kolkata:One of the well-known law colleges in the country, NUJSās course on corporate law is a promising one. Admission is conducted through an entrance test. This institute also offers all variationsādegree, diploma and certificates on corporate law.
National Law School of India University, Bangalore:Another well-known university, the National Law School of India University is one of the best institutes to pursue a course in corporate law.
Rajiv Gandhi National University of Law (RJNUL) Patiala: Another renowned institute, Rajiv Gandhi National University of Law offers degree/diplomas in corporate law.
If you are concerned about the salary package of a corporate lawyer, well then beginners can start off with a package worth INR 3 lakhs to INR 4 lakhs on an average. However, with the passage of time and experience, the salary package can go up to INR 8 lakhs to INR 10 lakhs on an average.
A comparatively, new field, growth and career options in the field of corporate law are ample. Those who want to pursue a career that is little different and off the beaten track, then Corporate Law is a good option.
Author Bio: A professional writer and an ardent blogger, Sampurna Majumder has been lending her knowhow to prominent websites like Shiksha.com by penning articles and blog posts on popular courses, educational trends and institutes like these. The above post throws light on corporate law.