Have you ever wondered about the common structure of the law of business corporations or company law across different national jurisdictions? Business corporations have a fundamentally similar set of legal characteristics. Corporate law is the field of law concerning companies and business organizations.
Law has always been an attractive profession for lots of passionate people as it provides good compensation. Now with the rise of companies in India, there is a huge demand for corporate law professionals in India.
Before we move further, let us first try to understand what are the roles and responsibilities of a corporate lawyer in a company and then we will look at the scope of pursuing a career as a corporate law professional in India.
Roles & Responsibilities – Corporate law is also referred to as the Corporation Law or Company Law.
- A corporate lawyer is a person responsible for managing business decisions in a legal way.
- He makes sure that the company doesn’t violate any law and the business is carried within the legal limits.
- Apart from setting the guidelines for the company, corporate lawyer also handles clients of the company facing any legal charges with regard to business activities of the company.
- The corporate lawyer also helps the company or business firms with regard to tax issues, employee relations, employee contracts and employment laws.
Every organization requires a corporate lawyer to conduct the business actions as guided by the legal system of India.
So if you are passionate about pursuing a career as a lawyer then choosing to be a corporate lawyer is something to look forward to. The Corporate law is a specialized branch of law which you can pursue after completing class 12th or after graduation. This course will give you endless opportunities to work with big names, MNC’s and other prestigious law firms.
If you want to pursue a career as a corporate law professional in India, then you must score an aggregate of 45% in your class 12th or senior secondary examination from a recognized board or university. After fulfilling the eligibility criteria, you can appear for the CLAT (Common Law Admission Test) which is conducted for admissions in the best government and private colleges in India. After clearing the exam, you can choose the course and specialize in the law branch.
While some of the colleges offer admissions on the basis of merit list of qualifying exams, there are colleges which give admission on the basis of entrance tests organized at state, national and university level.
The top law entrance exams of the country include:
- Common Law Admission Test (CLAT)
- All India Law Entrance Test (AILET)
- All India Bar Examination (AIBE)
- Law School Admission Test (LSAT)
- Andhra Pradesh Law Common Entrance Test (AP LAWCET)
- Telangana State Law Common Entrance Test (TS LAWCET)
Scope of Corporate Law:
Corporate law is powerful and versatile in nature which makes it an outstanding career choice.
Both government and private sectors are filled with plenty of job opportunities. You can get job opportunities in companies, law firms, banks and many more places.
If you are interested in the teaching field, you can choose to be a teacher or lecturer in various colleges and universities after completing your master’s degree in corporation law. Sharda University is one of the best private universities in India as it trains the law students to be ‘job-ready’ in the Government and Private sectors, both.
You can get hired by a business firm or a big MNC at a good salary package. The initial salary package just like any other course depends on your skills and the college from which you completed the course.
Salary package depends on several factors such as company, candidate’s skill, work experience, etc. In the beginning you may not get salary in five figures, but as you gain some experience you can easily afford all the luxuries of the life with your salary.
Ambition is the first step to success. The second step is action. A law degree can take you places.
The remarkable growth in the business sector has created lots of new opportunities for law professionals in the corporate world. Well, if you are looking to start a career as a law professional in the corporate sector in India, now is a perfect time.