Last Updated on March 13, 2020
The corporate sector or the business sector has seen unprecedented growth in the last few decades. This has created huge opportunities for the corporate law professional in the industry. Corporate law is a specialization of the legal profession that focuses on companies or corporations.
The life of corporate lawyers circles around how they interact internally through corporate governance and externally through commercial transactions. A corporate lawyer is a person responsible for handling the business operations, a decision in a legal way. The corporate lawyer or attorney provides guidelines to the company’s that how the business is conducted within the legal limits.
Corporate lawyers serve only one client – the corporation they work for. As a corporate lawyer, you will be called upon to handle a variety of legal tasks including corporate taxes, mergers and acquisitions, corporate structure issues, employment law, and government reporting.
Corporate lawyers will generally need to be knowledgeable in a wide range of legal fields and will need to be able to handle a large number of issues. Some corporations will hire multiple lawyers and each will be a specialist in one or two areas of corporate law.
Lawyers who want to specialize in corporate law often earn a Master of Laws (LL.M.) degree. LL.M. degree programs in corporate law cover securities regulation, mergers and acquisitions, accounting, corporate taxes and corporate finance. Because of the wide range of areas of specialization within corporate law, most lawyers choose elective coursework around their area of specialization.
Electives include courses on antitrust issues, international and regional trade law, global finance, intellectual property and legal ethics. Before pursuing an LL.M., prospective lawyers must earn a Juris Doctor from an accredited law school and pass the bar exam. Most law school programs include several classes in areas related to corporate law, including corporate debt restructuring and corporate acquisitions.
Corporate lawyers are tasked with safeguarding the legality of commercial transactions, representing corporations and advising corporate employees on their legal duties and responsibilities.
Because corporate law covers a broad range of topics, corporate lawyers often specialize in one or more areas. These areas include tax law, bankruptcy, intellectual property, zoning or securities. Most corporate lawyers work for a corporation, but some are self-employed or work for a law firm. Some law school graduates become educators, investment bankers or leaders of non-profit organizations.
A Corporate Lawyer earns an average salary of Rs 727,286 per year. Most people move on to other jobs if they have more than 10 years’ experience in this career. Experience strongly influences pay for this job.
After completing the course in corporate law, you can be hired by a business firm or a large MNC at a good salary package. The starting salary depends on your skills and from which college you have completed your course. In general, you may get anywhere between Rs. 15,000 to Rs. 25,000 per month. After some experience, you can easily make Rs. 40,000 to Rs. 60,000 per month.
In this blog post, we have explained the life of a corporate lawyer. The career options and salary along with work description are given. Hope you liked our post. Share your views in the comment section below.