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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