Who is known as Corporate Lawyer?
The word corporate is associated with business without delay, hence corporate lawyer is also known as business lawyer. A company legal professional is an expert in enterprise and company law, helping organizations and industries grow legitimately. So they play an integral part to grow the enterprise and move forward towards reaching success.
So we can say that for any kind of emerging commercial enterprise Corporate Lawyer gives simple basis before any transaction i.e. Laws related to Special Counsel’s enterprise help to build and develop the industry.
Corporate regulation is one of the lucrative and interesting profession options at hand today.
How to Build a Profession in Corporate Law
[Stage 1] Senior Secondary High School (10+2)
You have to drop your 12th exam online from any website (Arts/Commerce/Science).
[Step 2] Law College Entrance Exam
To get admission in top and best regulated schools in India, you have to stick together for entrance exams. Various entrance assessments are conducted across India. So if you want to take admission in true regulation faculty then you have to prepare for regulation entrance exam.
CLAT and AILET is the most famous entrance test among the aspirants of regulation. Both these entrance exams are given with the help of every student who wants to become a lawyer.
[Step 3] Bachelor of Laws (LLB)
To make a profession in Corporate Law, you must first become a lawyer, which means you must have a Graduate Diploma (LLB) in Law.
[Step 4] PGDCL
This stage is an optionally available (not required) stage for candidates who have completed their start in law (B.Com + LLB or BBA + LLB in either of these).
[Step 5] Interview
Now you have formally become a Corporate Lawyer as you have completed your schooling in Corporate Law and Business Law and it is time to attend your interview and crack the interview.
You can follow up for jobs in Regulation Corporation and Legal Process Outsourcing (LPO) as well as in residence lawyer (public prosecutor).
Corporate Lawyer Responsibilities
What is the job of a corporate lawyer and what are his responsibilities. Some of the important responsibilities of a corporate lawyer are given below:
- Corporate lawyers advise the organization to proceed or do business legally.
- Prepare important files related to the company.
- Corporate lawyer appears after legislative matters.
- Carefully understand and examine all agreements to limit and prevent commercial enterprise risk.
- Provides a corporate attorney with all these agreements: Service Agreement, Non-Disclosure Agreement, Lease and License Agreement, Consultancy Agreement, Supply and Purchase Agreement, Distribution Agreement, Maintenance Agreement, Sourcing Agreement, Indemnity Bond, Power of Attorney, Agreement Memorandum of Understanding (MoU) etc.
- To review the proposed phrases and pre-requisites of customers posted in India and abroad.
- Prepare jail files like Tax Exemption, Permit, Trademark, Registration, Copyright etc as per employer insurance policies through legal guidelines and regulations of following authorities.
Skills for Terminating a Corporate Lawyer
To emerge as a corporate lawyer, you must possess some fundamental skills, which are mentioned below.
- Must have an understanding of law.
- Should have analytical skills.
- Must be in working condition under pressure.
- You must be able to hold your point firmly.
- Must have accurate verbal exchange skills.
Topics to become a Corporate Lawyer
You must understand about the matters required to become a corporate lawyer. Some of the topics of Corporate Law are given below:
- Business Organization and Management
- Managerial Economics and Accounting
- Income Tax: Theory, Practice and Management
- Business and Taxation Law
- corporate accounting
- corporate governance
- financial management
- Financial Institutions and Markets
- Insurance Law
- Intellectual Property Rights
- Law of Taxation
- Labor Law
Top Colleges in India to become a Corporate Lawyer
Below is the list of top faculties in India to become a company lawyer:
- National Law School of India University, Bangalore
- Nalsar University of Law Hyderabad
- National Law University New Delhi, Jodhpur, Bhopal, Gujarat
- National Law University Gandhinagar
- West Bengal National University of Forensic Sciences, Kolkata
- Banaras Hindu University, Varanasi
- Aligarh Muslim University, Aligarh
- Guru Gobind Singh Indraprastha University, New Delhi
- Symbiosis Societies Law College Pune
Ability to Emerge as a Corporate Lawyer
For the five-year regulation course, you must have passed 12th. CLAT exam takes place after 12th, only after passing it you get admission. For this exam it is mandatory to pass in 12th with 50% marks.
- For a 5-year bachelor’s degree, college students must have at least 45% marks in class XII in any recognized board (any stream).
- If college students are in favor of doing three-year LLB, they should have a bachelor’s degree.
- You have to choose the specialization in Corporate Law.
- English language tests like IELTS/TOEFL/PTE for study abroad.
- CLAT wants to proceed for taking admission in Law National Aptitude Test (LNAT) Law programme.
- SOPs, LORs, CVs/Resume and Portfolio additionally wish to be submitted for analysis to the foreign university.
The utility techniques in the universities of India are as follows-
- First of all register with the help of visit valid internet site of your chosen university.
- After registering on the college website, you will receive a username and password.
- Then after signing in to the website, choose your chosen path which you want to do.
- Now fill the software form with instructional qualification, class etc.
- After that prepare the utility structure and pay the required software charges.
- If the admission is purely based on the entrance test, then register for the admission first and then wait for the counseling after the result. You will be selected on the basis of entrance test scores and the listing will be issued.
Some of the required files are listed below-
- Official academic transcript
- Scanned passport copy
- IELTS or TOEFL, check scores required
- Professional/Academic LOR
- Essay (if required)
- Portfolio (if required)
- Updated CV / Resume
- Passport and Scholar Visa
- Bank details
Given below are the entrance assessments required to become a Corporate Lawyer:
- NLSIU – Bangalore
- NALSAR – HYDERABAD
- WBNUJ – Kolkata
- NLU – Jodhpur
- HNLU – Raipur
- GNLU – Gandhinagar
- RMLNLU – Lucknow
- RGNUL – Patiala
- CNLU – Patna
- NLUO – Cuttack
- Naluja – Guwahati
- DSNLU – Visakhapatnam
- MNLU – Mumbai
Future of Corporate Lawyer in India
The job of a company attorney is to give a criminal opinion to the company. In such a situation, each agency wants a person who is a professional on company and enterprise transactions, and can supply a prison recommendation to grow the business. Foreign companies opening their offices in India need a company lawyer, so this is also a better opportunity. There is a lot of demand for Corporate Lawyer, so if you also like to become a Corporate Lawyer then you should become it, its demand will be generally there.
Corporate Law Career and Salary in India
The job of the company’s legal professional is to give a felony opinion to the company. In such a situation, every employer wishes to have a character who is a professional on company and commercial enterprise transactions, and can supply a prison recommendation to grow the business. If foreign companies opening their offices in India need a company lawyer, then this is also a better opportunity. By becoming a corporate lawyer, you can earn up to Rs.6.9 lakh. Even if you are new in this field you can earn Rs 1.47 lakh annually. There is a huge demand for Corporate Lawyer, so if you also want to become a Corporate Lawyer then you should come across as it, its demand will always be there.
Being a legal professional you have to create the dependency to analyze and write as you have to do a lot of investigation and search throughout the job (while working) as well as submit criminal documents.