Corporate Law as a specialization is a course offered to students who are interested in making a career in the legal and business field. Corporate Law course is a highly reputable course that provides deep insight into the legality of commercial transactions, filing taxes and managing government reporting, as well as preparing corporate agreements etc.
The course is offered to students who have completed a 10+2 or graduation degree as undergraduate or postgraduate courses respectively, in the relevant stream and have obtained a minimum of 50% marks in final examination from a recognised school or university.
There are various colleges offering Corporate Law course either on the basis of merit or an entrance exam, these include NLSIU Bengaluru, NLU Jodhpur, NLIU Bhopal, WBNUJS Kolkata, RGNUL Patiala, OP jindal Global University, ICFAI Law School Hyderabad, SLCU Bangalore etc. The fees for the course is between INR 50,000-1,00,000 per annum for undergraduate level and INR 2,50,000- 6,00,000 per annum for postgraduate level. The admission process of these universities are mostly based upon qualification of an entrance exam followed by a group discussion and personal interview.
There are various career opportunities that one can take up after completion of a corporate law course such as lawyer, lecturer, law officer, paralegal, legal advisor, legal administrator etc. The salary offered to corporate law graduates is between INR 6,00,000- 12,00,000 per annum.
Corporate Law Course Highlights
To get a swift overview of the corporate law course refer to the table given below:
| Parameters | Corporate Law (UG) | Corporate Law (PG) |
|---|---|---|
| Course | LLB, BA LLB, BBA LLB, BBA LLB (Hons), B Com LLB, BSc LLB | LLM in corporate law,
LLM in Corporate & Securities Law, LLM in Corporate & Commercial Law, LLM in Corporate & Business Law |
| Duration | 36-60 months | 12-24 months |
| Admission Criteria | Merit & Entrance Based | Merit & Entrance Based |
| Corporate Law Fees | INR 50,000-1,00,000 LPA | INR 2,50,000-6,00,000 LPA |
| Corporate Law Jobs | Lawyer, Lecturer, Law Officer, Legal Administrator, Legal Counsel | Corporate Lawyer, Legal Counsel, Associate Advocate, Corporate Events Associate, Legal Advisor |
| Corporate Law Salary | INR 6,00,000 LPA | INR 12,00,000 LPA |
Why Choose a Corporate Law Degree?
There are several reasons why you might consider choosing a corporate law course:
- Firstly, it offers a wide range of career opportunities. With a corporate law background, you can work in law firms, corporate legal departments, or even start your own legal consultancy.
- Secondly, corporate law is a constantly evolving field, which means there are always new and interesting challenges to tackle.
- Additionally, corporate law often involves high-stakes transactions and complex legal issues, making it intellectually stimulating. Lastly, corporate law can be financially rewarding, with the potential for high salaries and career growth.
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Corporate Law Eligibility Criteria
The eligibility criteria for corporate law courses at different academic levels is given below:
Undergraduate Level (UG) For a Bachelor of Laws (LLB) with specialization in Corporate Law, eligibility criteria may vary, but generally, you need to have completed 10+2 or an equivalent examination from a recognized board with a minimum percentage requirement (e.g., 50% or above). Postgraduate Level (PG) To pursue a Masters of Law(LLM) with specialization in Corporate Law, you typically need to have completed an LLB or an equivalent degree from a recognized university with a minimum percentage requirement (e.g., 50% or above). Diploma and Certificate Course The eligibility criteria for diploma and certificate courses in Corporate Law can vary depending on the institution offering the course. Generally, you may need to have completed 10+2 or an equivalent examination. Doctorate Level To pursue a Doctorate (PhD) in Corporate Law, you typically need to have completed a postgraduate degree (e.g., LLM) in the relevant field from a recognized university. Scope of Corporate Law in India and Abroad
Corporate Law Scope In India: The corporate industry is ever expanding in India and it requires a corporate lawyer for taking any big decision. The need for corporate lawyers is high. Being a corporate lawyer in India is a respectable job profile. Corporate Law Salary in India is based upon experience and knowledge; ranging between INR 2,50,000-10,00,000. Corporate Law Jobs are available in the private sector as well as in the semi-private sector. Corporate Law Jobs can also be from law firms, companies, banks, sole proprietorships etc.
Corporate Law Scope Abroad: Corporate Law abroad has always been a top ranking and top paying career option. Countries like the USA, Canada and more recruit qualified legal lawyers as the non-lawyers have stepped into the market. And even being a corporate lawyer in India has a good scope to work abroad provided they fulfil certain conditions. Since the entry of MNCs in India has given rise to Indian lawyers working abroad, foreign law firms wanted to hire Indian attorneys who possess dual qualifications.
Career Options After Corporate Law
Corporate Law courses offer immense opportunities for candidates both in the public and private sector. Some of the career options after the corporate law course as well as their salary details, work description and top recruiters are given below.
Corporate Law Jobs
Some of the popular corporate law job profiles along with their work description is given below:
- Corporate Lawyer: A corporate lawyer is responsible for advising organizations for various legal matters, such as drafting contracts and representation of them in legal proceedings.
- In-House Counsel: An in-house legal counsel is hired in various companies to handle their legal affairs internally. They’re mean work is to provide legal advice, draft contracts and ensure compliance with laws and regulations.
- Legal Consultant: A legal advisor/consultant has an expertise in providing advice and guidance to businesses in organizations on legal matters, compliance, issues, corporate governance etc.
- Compliance Officer: The role of a compliance officer with a background in corporate law can work as a compliance officer as well, wherein they will be responsible for ensuring that companies follow the legal and regulatory requirements, further implement compliance programmes and conduct internal audits.
- Legal Analyst: Nowadays legal analysts are very much in demand, specially in research firms, legal departments, analyzing legal issues, conducting legal research, as well as preparing reports. They are also responsible to advise corporate clients by providing guidance on corporate governance practices, risk management, guidance on legal strategies.
- Lecturer: After completing a corporate law PG degree one can become a lecturer in college or university and teach corporate law to the students and also educate them to lead their future in this field.
Corporate Law Salary Offered
The salary offered to a corporate law graduate depends upon several factors, such as the years of experience one has, the skill set acquired by the individual, the company where when is hired, the position at which one is hired etc.
The average annual salary of a corporate law course graduates for some of the popular job profiles is mentioned in the table given below:
Job Profile Average Salary Corporate Lawyer INR 5,82,000 per annum In-House Counsel INR 2,26,933 per annum Legal Consultant INR 7,40,000 per annum Compliance Officer INR 7,20,000 per annum Legal Analyst INR 10,80,000 per annum Lecturer INR 7,00,000 per annum Top Recruiters for Corporate Law
Here are some top recruiters for corporate law courses.
- Amarchand Mangaldas
- Cyril Amarchand Mangaldas
- Shardul Amarchand Mangaldas
- AZB & Partners
- Khaitan & Co.
- J Sagar Associates
- Luthra & Luthra Law Offices
- Trilegal
- S & R Associates
- Talwar Thakore & Associates