Corporate Law is a
specialised field in the field of Law, and has a great scope for the graduates.
This degree applies to sole proprietorship, partnership, association and
corporations. The day-to-day activities of a Corporate Lawyer include
safeguarding the commercial transactions, preparing corporate agreements,
filing taxes and managing government reporting. A degree in the Corporate Law
domain can be pursued at both undergraduate and postgraduate level. Corporate Law is a specialisation that one
can pursue while taking up a degree course in Law.
Degrees like LL.B
(Bachelor of Legislative Law) and B.A., LL.B, BBA.LL.B BBA.LL.B(Hons) in B.Com. LL.B, B.Sc. LL.B can be pursued in
Corporate Law. The recent decades have been a trendsetter for
"Corporate" since we are living in a corporate era. Most people are
ambitious to get a corporate job in a top-notch organisation, but their
thoughts are limited to software and IT only. The growth in this sector brought
lots and lots of career avenues worldwide. Corporate Law is a highly reputed
and rewarding career in the corporate world.
Eligibility Criteria
Eligibility Criteria for
UG Courses in Corporate Law
Before applying to the UG
courses in the field of Corporate Law, candidates must ensure that they meet
the eligibility criteria of the course. They must have completed their 10+2
examination with a percentage of 45%, there will be a relaxation of 10 percent
for the candidates belonging to the reserved categories. Candidates applying
for the admissions to the UG programmes in the field of Corporate Law must
clear the eligibility criteria of the course. They must achieve a minimum
aggregate score of 45%, there will be a relaxation of 10 percent for the
students belonging to the reserved categories.
The top entrance exams for
UG courses in India are SET SLAT - The Symbiosis Entrance Test and CLAT-
Common-Law Admission Test. The SET SLAT is organised by the Symbiosis Law
School (SLS), Pune to help students in seeking admission to the university’s
law courses. Whereas, the CLAT is an entrance test in the area of law that is
conducted by the National Law University at a national level in India. It is an
offline examination and is widely accepted in most law institutions and
colleges.
Eligibility Criteria for
PG Courses
Candidates applying for
the PG courses must meet the eligibility requirements of the desired institute.
They can study the eligibility criteria by visiting the official website of the
same. Candidates require a Bachelor’s degree in the field of law or related
discipline with an aggregate score of 45 percent. Mentioned below is the
eligibility criteria for PG courses in the field of Corporate Law.A Bachelor’s
degree in the field of Law or relevant discipline is also necessary for the
admissions to the PG courses in the Corporate Law field. Students should also
clear the LSAT- The Law Student Admission Test and CLAT- Common-Law Admission
Test PG any one of these two exams to enter in the field of Corporate Law.
LSAT is the most popular entrance exam at the global level for
law aspirants. It is conducted by the Law School Admission Council. It is a
half-day standardised test held about seven times each year. CLAT PG is a
national level law entrance examination conducted by Consortium of National Law
Universities ( NLU’s) for admission to the postgraduate programmes in the field
of Law.
Scope of Corporate Law
The scope of a Corporate
Law course is very diverse in both India and abroad. The Corporate Industry is
growing in India and there is increasing demand for corporate lawyers due to
high dependability on them. The salary of a Corporate Lawyer is handsome, which
varies on their experience and knowledge. Graduates can work in law firms,
corporates, banks or any other government or private sectors. Law abroad has
always been a top-ranking and high-paying career, many countries like the USA
hire qualified legal lawyers provided they are eligible for the same.
Careers in Corporate Law
Corporate Law is an
emerging career in the law field as well as the corporate field. This is a
versatile choice of career. The demand for corporate Law will never come down
as the corporate sectors are growing at a very rapid speed. The corporate
sector contributes 53 per cent of GDP to the Indian Economy. Corporate Law
plays a major role in corporate governance as it includes involvement in major
decisions to commercial transactions and solving disputes to negotiating
settlements. Corporate Law generally revolves around overseeing all legal and
external affairs. As the knowledge, experience, and potentiality of the
corporate lawyer increases, it increases his/her prestige and demand in the
corporate world. One can become a Corporate Lawyer, Legal Advisors, Corporate
Events Associate, Associate Advocate, Legal Counsellor and Law Administrator by
studying corporate law.
Top Corporate Law Colleges
in India
The admission to corporate
law colleges is based on the entrance examination or direct admission based on
past academic performance. The fee for private colleges is generally higher as
compared to government colleges. A few private Corporate law colleges are- Babu
Banarasi Das University, Lucknow, GITAM School of Law Visakhapatnam,
Hemchandracharya North Gujarat University,Patan, SLCU Bangalore, Symbiosis Law
School, Nagpur, Indian Law Institute, New Delhi, NLU Jodhpur - National Law University,
Jodhpur to name a few.
Upcoming trends
The demand for Corporate
Law courses is rapidly increasing in the corporate sector. But corporate Law
has nailed its place to serve a large number of companies. The upcoming trends
in this area include:
Virtual Law Firm: Virtual Law firms, as the
name suggests are legal companies who don’t have a physical presence and are
mostly operated from the home of a Lawyer. A virtual law firm is a very
beneficial innovation that reduces the cost of setting up an office, the location
and time both are flexible, lawyers can operate it from anywhere in the world.
The client reach also increases.
Legal Search Engines: Legal Search Engines is
an online platform that allows the legal professionals, lawyers and law
students to access the legal information easily. Finding legal information
online can be a bit overwhelming, but due to Legal Search Engines now the
individual can access the information very easily and quickly.
There are some other
innovations in the field of law such as Web- Based Legal Services and Corporate
Secretarial Services Market. These trends and innovations make the corporate
field a rapidly-developing field.
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