Becoming a Corporate Lawyer in India

Table of Contents

• How Can I Become a Corporate Lawyer After LLB in India?
• How Much Does a Corporate Lawyer Earn in India?
• How Can I Get Corporate Law in India?
• How Many Years Does It Take to Become a Lawyer in India?
• Types of Corporate Law

How Can I Become a Corporate Lawyer After LLB in India?

To become a corporate lawyer after acquiring an LLB Degree in India, you must first obtain a license to practice law. Generally, to get a license to practice, you must pass an examination conducted by the Bar Council of India. The examination is an open-book test and covers the various aspects of law and its application. After passing the examination, you will be granted a license to practice.

To become a corporate lawyer, you must also have a good knowledge of the corporate law of your country. In India, corporate law is part of the Company Act, 2013. You must be familiar with this law and its provisions to be able to practice as a corporate lawyer. You must also be aware of the regulations, responsibilities and duties of a corporate lawyer.

Apart from these, you must also be well-versed in other areas of law related to corporate law such as tax law, contract law, labour law, and others. You must also have a good knowledge of the financial markets and the Indian economy.

Once you have obtained the license to practice law and have learned the basics of corporate law, you can begin to practice as a corporate lawyer. Most corporate lawyers work for large law firms or corporate houses. However, some also have their own practices.

How Much Does a Corporate Lawyer Earn in India?

The salary of a corporate lawyer in India depends upon the law firm or corporate house that they are working for. Generally, corporate lawyers in large law firms and corporate houses earn more than those in smaller organizations. On average, a corporate lawyer in India earns between Rs. 6 lakhs to Rs. 15 lakhs per annum.

In addition to the salary, corporate lawyers also receive bonuses and other benefits. These benefits can range from reimbursement of travel and other expenses incurred while travelling for work, to medical insurance and other benefits.

How Can I Get Corporate Law in India?

The best way to learn corporate law in India is to pursue an LLB degree in corporate law from a reputed university. Most universities in India offer LLB degrees in corporate law. You can also opt for a course in corporate law from a reputed college or institution. Many colleges offer specialized courses in corporate law.

Another option is to pursue a Masters or a Doctorate in Corporate Laws from an accredited institution. These courses cover all aspects of corporate law, including taxation, contracts, labor law, and other related topics. After completing your degree, you will be well-equipped to practice corporate law in India.

How Many Years Does It Take to Become a Lawyer in India?

It usually takes 5 to 7 years to obtain an LLB degree in India. After completing the degree, you must pass the examination conducted by the Bar Council of India to obtain a license to practice law. Once you have obtained a license, you can begin to practice as a lawyer in India.

Types of Corporate Law

Corporate law involves a number of different legal areas. These include contracts, labour law, taxation, corporate governance and other related areas. Corporate lawyers are responsible for advising their clients on all of these areas, ensuring that their clients are in compliance with the laws and regulations of their country.

Corporate lawyers also help to draft documents such as contracts, agreements and other documents related to corporate transactions. They also advise their clients on how to handle disputes, negotiate deals and protect their interests. In addition, they represent their clients in court proceedings, if required.