The corporate sector has seen an immense growth forming the backbone of the Indian economy. With such a rapid increase, the career and growth opportunities have also multiplied making Corporate Law a more preferred choice in the area of law.

The legal profession in India has witnessed a substantial change over the years. A career in law is no more confined to the court, it also extends to social work, judicial services, academia, LPO, corporate lawyer etc. Talking specifically about corporate law, the unprecedented growth in the corporate sector has created a large pool of opportunities for law professionals in the industry.

What is the Objective of Corporate Law?

A corporate lawyer could represent entities of all kinds- corporations, sole proprietorship, partnerships or associations. Corporate Lawyers will be usually engaged in drafting agreements for mergers, acquisitions, joint ventures, and the likes or giving legal advice on labor or corporate law-related matters. Many may also be involved in corporate litigation which involves a whole host of tort and contract issues and legal problems a corporation may face over the course of its life. The work of corporate lawyers also includes working in-house which means they’ll have a single client- the company they work for. Another area of work that corporate lawyers can choose to explore is working with regulatory bodies such as securities and exchange board of India (SEBI), Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI), Competition Commission of India (CCI) etc. Corporate law can also include other areas such as
media law, real estate law, tax law and other laws regulating business operations.

Skills that will help you go a Long Way

The skills you own will matter a great deal in your career in corporate law. Strong analytic skills, good interpersonal skills and a keen understanding of the business environment are the top skills that will give you an edge in your career path. Companies are very clear on what they look for in their potential recruits apart from their academic record and experience. They want to see a host of other qualities beyond one’s grades. Initiative, responsibility, good negotiation skills are a few more skills that will make your work more noteworthy and add to your value.

How much will I earn as a Corporate Lawyer?

Though the salary packages will differ depending on the company, education, candidate’s skills, work experience etc. but initially one can expect to start from anywhere between Rs. 15-25K per month as a fresher. After an experience of 2-3 years, you can easily make Rs. 40-60K per month. Post that, sky is the limit, basis your skills, growing years of experience and intellect you hold, you can constantly keep growing.

How to become a Corporate Lawyer?

One needs to obtain a law degree in order to get into the legal field. A five-year Bachelor of Law after school or a three-year Bachelor of Law after graduation is the minimum requirement to pursue any career interests in law. Determining whether or not you want to do a post-graduate course will be your next step. One can go on to specialize in Corporate Law by either pursuing post-graduation in law or diploma courses in corporate or business-related law- as mentioned earlier, a keen knowledge of the business world is like a cherry on the top for the recruiters.

One needs to be thoroughly updated with the developments in business and changes in law. As a corporate lawyer, one should always keep abreast of any changes in corporate law, new technologies etc. relevant to their work. Once one gains enough experience and knowledge, they can always consider starting their own corporate law firm or aspire to become general business managers.

Get that Extra Edge

The growth opportunities are ample in this field but in order to excel there is always an extra edge that gives you a push. One should not be wary to start out small and rather focus on improving their skill sets- gain experience and seek exposure to get better day by day. If one is sure of being in the field of corporate law, they may take up courses in business administration to strengthen concepts related to corporate sector. In addition to being updated with the happenings of the business word and law, one must also strive to get suggestions and recommendations from successful entrepreneurs and personalities from the industry.

Corporate law forms the foundation of economic activity. Practicing corporate law offers a challenging and sound career for attorneys who can tackle complex concepts and exercise sound judgment. Opting for a career in corporate law must remember that the profession demands patience, logical skills, hard work and dedication to achieve success.