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Corporate Lawyer/Advocate

Who is a Corporate Lawyer?

  • A Corporate Lawyer or Advocate acts for a Company and oversees matters about the Company’s legal affairs.

  • The Corporate Lawyer or Advocate can be directly working for the company or a law firm that the company hires to ensure its commercial transactions, as well as policies, maintain legality.

  • A corporate lawyer would need to prepare a company’s legal documents for presentation in court, assess new contracts/partnerships the company is entering into, ensure legal compliance of the company’s policies, and offer guidance on regulatory and compliance issues relating to the company.  

What does a Corporate Lawyer/Advocate do?

  • Prepare the necessary legal documents for trial/court proceedings and present the company’s case.

  • Represent the company in court / before government agencies.

  • Assess any new corporate partnerships with sub-contractors or vendors, to offer protection from violations and legal risks.

  • Develop as well as oversee company policies and stance on the legal front.

  • Evaluate the legal aspects of new products/services.

  • Offer guidance to management on several regulatory and compliance issues.

Which are the Top colleges offering Corporate Law courses in India?

Any stream in class 12th makes you eligible for the entrance exams. 

What are the skills required?

If you want to be a corporate lawyer or advocate, you can become what you are at heart by honing the right skills such as:

  • Knowledge of securities law, contract law, intellectual property rights, tax law, accounting, zoning laws, bankruptcy, licensing, and laws particular to the business of the Company.

  • Sound judgment and attention to detail

  • Analytical ability and logical reasoning

  • Persuasiveness

  • Good oral and written communication 

  • Legal research and client service skills

  • Time management and organization skills

Which are the Top colleges offering Corporate Law courses in India?

For admission into the National Law Universities, passing the Common Law Admission Test (CLAT) is crucial. While CLAT is the most coveted entrance exam, other entrance exams also exist such as AILET, LSAT, LAWCET, UL-SAT, SLAT, MHCET, and PESSAT.

If you want to pursue higher education in India to become a Corporate Lawyer / Advocate, an LLB degree is needed from a leading platform for higher education and the following are some universities offering it:

  • National Law School of India University, Bangalore

  • National Academy of Legal Studies and Research, Hyderabad

  • National Law Institute University, Bhopal

  • West Bengal National University of Juridical Sciences, Kolkata

  • Ram Manohar Lohia National Law University, Lucknow

  • Rajiv Gandhi National University of Law, Patiala

  • National Law University, Delhi

  • National Law University, Jodhpur

  • Gujarat National Law University, Gandhinagar

  • Hidayatullah National Law University, Raipur

  • National University of Advanced Legal Studies, Kochi

  • Chanakya National Law University, Patna

  • National Law University Odisha

  • Damodaram Sanjivayya National Law University, Visakhapatnam

  • National University of Study and Research in Law, Ranchi

  • National Law School and Judicial Academy, Assam, Guwahati

  • Tamil Nadu National Law School, Srirangam

  • Maharashtra National Law School, Nagpur

What is the Career scope for corporate lawyers in India?

Corporate lawyers/advocates have a wide career scope as corporate law offers several areas of specialization, including: 

  • Corporate restructuring – to make amendments to the composition of a company’s business portfolios to make it more profitable.

  • Insolvency & Bankruptcy

  • Compliance - for in-house counsel on the company’s legal issues

  • Compliance – advice for public companies on matters such as the issue of securities, financial results’ disclosure, and reporting necessities. 

  • Compliance – advice for private companies on matters such as tax, contract development and enforcing, as well as the transfer of ownership matters.

  • Compliance – guidance for start-ups & joint ventures with regards to seed money, working in close association with venture capitalists and investment bankers.

  • Corporate litigation – employer/employee disputes, contract violation, deceptive / fraud practices

  • Intellectual property rights

  • Banking and finance – in some areas like Syndicated Lending, Project and Leveraged Finance, Debt Restructuring, Structured Products, and Acquisition Finance for public & private sector banks, multinationals, financial institutions, and non-banking financial companies.
  • International capital markets

  • Private equity and venture capital transactions

  • Real Estate 

With some career counseling and career guidance, you can become what you are by choosing from the variety of specializations in corporate law. 

How much can a corporate lawyer/advocate in India earn?

Salaries differ based on skills, experience, qualifications, and practice.

  • Average Salary for a corporate lawyer in India is Rs 695,551/yr

  • The average salary of a corporate lawyer with less than 1 year experience is Rs 614,451

  • At Senior level (5-9 years of experience) corporate lawyer in India makes Rs 1,200,000/yr

Source: Payscale

What are the books and study material available?

Preparation for entrance exams in law requires study and practice in a range of topics, including legal aptitude, general knowledge, English, Mathematics, and logical reasoning and many books exist to help you prepare for the same. 

Well-known books for studying law entrances in India are:

  • Legal Aptitude For The CLAT – Workbook: A Workbook A.P. Bhardwaj

  • A Modern Approach To Logical Reasoning by R. S. Aggarwal

  • Analytical Reasoning by M K Pandey

  • Lucent's Objective general knowledge:Lucent

  • General knowledge by Edgar Thorpe

  • Current affairs: competition in focus (refer sites: gktoday & cloud affairs )

  • Quantitative Aptitude For Competitive Examinations by R. S. Aggarwal

  • CLAT Diagnostic Paper For Law Entrance To Nlu

  • Mathematics Quantitative Aptitude For Competitive Exam by Abhijit Guha

  • CLAT Study Material Book Notes Common Law Admission Test

  • AILET Diagnostic Paper For Law Entrance To NLU

  • Self Study Guide CLAT 2020

  • Legal Aptitude For The CLAT – Workbook by A.P. Bhardwaj

  • Word Power Made Easy by Norman Lewis

Major recruiters

Law firms. Regulatory bodies

Corporate lawyers/advocates may be recruited by regulatory bodies like:

  • Securities and Exchange Board of India (SEBI)

  • The Bar Council of India

  • Reserve Bank of India (RBI)

  • Insurance Regulatory and Development Authority of India (IRDAI)

  • Competition Commission of India (CCI)

  • Pension Fund Regulatory and Development Authority (PFRDA) 

Interesting facts

In India, the regulatory body for the corporate sector responsible for implementing the Companies Act, 1956; Companies Act, 2013; and The Limited Liability Partnership Act, 2008 is the Indian Corporate Law Service.