Corporate Law: Meaning, Types, Scope, Courses, Jobs and More [2021] 

Do you want to become a lawyer? Are you planning to pursue corporate law in your under graduation? Is searching for the best universities to follow your corporate law is a very tedious and tiring process for you? 

If you are jiggling with the above-mention questions, no worries!! You have arrived on the right platform. In this article, I will tell you in-depth about the popular universities and their admission process to pursue your corporate law and its scope in the job sector?  

Even if you are interested in pursuing corporate law in the bachelor’s and extend your area of specialization to the master’s and PhD level, you can find all the relevant information from this article.  

Moreover, you don’t need to visit any platform after reading my article as my article will discuss each and every detail of the corporate law in detail. 

Before discussing corporate law, which is one of the popular disciplines of law, you need to understand what is a law degree and why it is considered one of the important parts of education.  

All the legal education of India depends upon English Law. In addition to this, a student who passed this degree is known as a lawyer. 

Moreover, various universities in India offer legal education at an academic level, but the main body which purposes the idea of law as a subject is the Bar Council of India [BCI]. Therefore, the maximum number of students opt for law as their career due to its great significance and value. 

Law degrees offer various types of specializations such as cyber law, criminal law, civil law, corporate law, constitutional law, media law, tax law, real estate law, employment law, mergers and acquisition law. Furthermore, the law is a system of rules that governs individual and group behaviours.  

In addition to this, it is a system of rules which social or governmental institutions govern. Therefore, there is huge scope for the aspirants who are pursuing law as their career and depending upon their area of interest.  

Moreover, they can extend their scope of knowledge in master’s degrees and at the doctoral level after completing their graduation.

Table of Contents

 

What is Corporate Law?

These days, corporate law is one of the popular law specializations in which students choose to pursue their careers. Corporate law is a body of laws, rules, regulations and practices that regulates the formation and operation of corporations. In addition to this, it deals with owing, forming and managing the corporation.

 

Incorporate law, aspirants learn how stakeholders, investors, employees, shareholders, directors, creditors, consumers and stakeholders in the community interact and work with each other.

 

Corporate law is quite different from business law, but many people still call corporate law as a business law. However, corporate law comes at the later stage of the business, but business law is present right at the time of inspection.

 

Moreover, both business law and corporate law is necessary to run the activities of the business in a legal manner.

 

Furthermore, as a corporate lawyer, you need to usually counsel clients and manage all kinds of business transactions which include negotiation, drafting, review of contract agreements and other popular agreements which are associated with the activities of the business such as mergers, investments and divestments.

 

A corporate lawyer usually works in a small or big sized firm and look after the business agreements. However, there are certain characteristics of corporate law such as:

  • Legal Personality: Corporate lawyers can collect their resources as a separate entity. They can use these assets and sell them. Creditors can’t take their assets back.
  • Limited Liability: When the corporation gets dissolves, the corporate owners remain with their assets which the plaintiff can’t take from them. They can further use their assets to take risks and indulge in investments.
  • Transferable Shares: If the corporate owner doesn’t want to get into a corporation anymore, they can simply transfer their shares or ownership of their partnership instead of dissolving their corporation.

 

Candidates can pursue their bachelor’s and master degrees in the field of corporate law. However, one thing which they need to keep in their mind is that in under graduation, the candidates need to pursue an integrated course in which they need to complete a basic graduation degree and then specialization in corporate law. Still, at the master level, they can directly pursue their corporate law courses.

 

Apart from doing a degree program, candidates can also take admission in a diploma program in the field of corporate law according to their needs.

 

Suppose a candidate wants to know more about the eligibility criteria for taking admission in the course, no worries, in the coming section of my article. In that case, I will tell you more about it.

 

History of Corporate Law

Corporate law deals with the concern which is related to cooperation. It counsels the legal concerns of the cooperation such as mergers, acquisition, ownership, shares, etc. It lays out necessary rules and regulation that forms and governs the operation of the large companies.

In addition to this, it is the law relating to the matters that directly come from the life-cycle of cooperation. It details out how investors, shareholders, directors, employees, creditors and other stakeholders of the community and consumers interact with each other.

Moreover, company and business law are the substitutes of corporate law.  Now, let’s discuss the history of corporate law.

The Royal charter in Europe has started its own trading company with the economic motive. Companies in England after the Bubble Act of 1720 as investors has reverted to trading the stock of unincorporated associations.

Moreover, the Joint Stock Companies Act of 1834 has expanded the cooperation of Joint-stock companies.

However, the Limited Liability Act 1855 allows limited liability for cooperation’s which mean the liability is limited to all the stakeholders the amount of capital they have invested in the cooperation.

Although, the law of business organization comes from the common law of England, which has evolved in the 20th Century.

Duties of Corporate Law

Corporate law is popularly known as company law, corporation law or enterprise law which deals with the legal concerns of the cooperation of the business such as a merger, acquisition and shares, etc. It is the law that governs the rights, relations, and conduct of persons, companies and organizations.

Moreover, the corporate lawyer is the one who provides certain guidelines of the business on which the company has acted within the legal limit. They look after the clients who have some sort of criminal charge due to their illegal business activities and oversee new business deals performed by an organization.

A corporate lawyer can associate themselves with more than one organization and can work with small and mid-sized businesses. He/she is responsible for conducting the activities of an organization in a legal manner and provide their assistance to various firms related to the issues of taxation, employee relations, labour, etc.

  1. Contract Drafting, Merger and Acquisition

Whether for a lease of property or sales of the products, contracts play a major role which displays that both the parties are on the same page and with the consent, they are entering into a partnership.

In addition, the contract makes sure that your interest is presented in the best possible manner when you are entering your business into a contract.

In addition to this, corporate lawyers execute the duties of Mergers and acquisitions. They need to draft all the essential documents which are related to M&A. They build the corporate structure and negotiate with a legal advisor on various matters. Furthermore, they provide advice in the context of fundraising and open offers for an IPO.

Moreover, corporate lawyers help enterprises when they are entering their business into contracts because enterprises might not know all the legal terminology of contracts.

Thus, another party might take advantage of this and include a certain clause that provides them maximum profit and keeps you at a loss, ultimately destroying your business.

Suppose you want to negotiate over a certain clause of the agreement and discuss the issues related to liability. In that case, the corporate law will consider this matter and take action in a legal manner.

  1. Banking and Finance Practice

Bank offer loans to the customers and companies, so it is the duty of the corporate lawyer to safeguard their interest as far as recovery is concerned. Therefore, corporate lawyers, when involved in the section of banking and finance, are involved in the work of drafting and prepare loan agreements.

In addition to this, a corporate lawyer oversees the mortgage deeds and prepares essential documents on the basis of which individuals or companies take a loan from the banks.

Moreover, they look after the transactions of the organization, which involves the director of the company, stakeholders and promoters.

  1. General Corporate

Corporate Lawyers in India are responsible for a large number of duties when associated with larger and small firms. They need to provide their advice regarding the investment and where they need to invest their money.

In addition to this, they help the incorporation of an organization with other organizations, liaisons and a branch office.

Moreover, they need to look after all the important documents for KYC and provide their help to foreign companies on how they can conduct the business activities in a legal and right manner.

Furthermore, they are responsible for structuring and layering the corporate structure of the companies and restructure their corporate entities. They negotiated with other legal advisors regarding initiating the corporate action. Moreover, they prepare drafts on AOA and MOA.

  1. Solving the Disputes

Corporate lawyers are responsible for solving the disputes of the firm, which help between the shareholders and minority shareholders. In addition to this, they conduct meetings and discusses the major agenda of the meetings.

 

In addition to this, they resolve disputes on the power of the board of directors to sell their company and focus on the power of the bank, which regulates company affairs. Moreover, they go through the terms of AOA and redraft them according to the needs of the company.

  1. Overseeing Capital Market

Corporate lawyers are responsible for overseeing the shares of investors, shareholders, brokers, mutual funds and AIF’s. They look after the rules and regulations of SEBI and maintain a stronghold on it.

 

In addition to this, they are responsible for providing advice to the merchants, bankers, vendors on the various matter and works on the diligence of the company affairs that maintain the good reputation of the company.

  1. Bankruptcy Issues

Corporate lawyers need to look after the matters of insolvency and bankruptcy of the business. They need to look at the concept of priority of processes, litigation issues before NCLT, right of the debtors and other feasible options before declaring the bankruptcy of the business.

  1. Overseeing White-Collar Litigation

Handling white-collar crimes are one of the essential duties of a corporate lawyer. Corporate lawyers need to understand the criminal penalties charged against the director. With regards to the Companies Act, segment 447 of the Companies Act and Companies Rules of 2017 are important.

 

Generally, an association is considered dishonest because it’s disregarded the legal arrangements, enlist the firm when resistance brings about criminal discipline.

 

Moreover, the legal advisor needs to assist the chief with getting bail and excursion up a sufficient safeguard. Regardless of whether the non-defiance goes well with the Companies Act or another enactment, the information on corporate methodology, guidelines of corporate administration, and dynamics are vital for setting up protection.

Scope of Corporate Law in India

Applicants who complete their UG level course in Corporate Law can seek to pursue a PG level law course with a similar specialization, or they can even consider seeking a job. In fact, one of the most famous occupation profiles subsequent to finishing a Corporate Law course is to turn into a Corporate Lawyer.

Legal counsellors who practice Corporate Law need to concentrate on resolutions, the constitution just as mandates. A Corporate Lawyer helps organizations in their typical working and furthermore assist firms with settling on a significant choice like if they ought to go in for a suit.

Furthermore, a Corporate Lawyer needs to guarantee that an organization works according to corporate laws and guidelines. Therefore, undertaking tasks as a Corporate Lawyer incorporate getting ready reports and surveying organizations just as arranging bargains.

In addition to this, a Corporate Lawyer might work at a law office or even as a component of an organization’s legitimate group. Aside from this, candidates can likewise seek other law work profiles subsequent to finishing their Corporate Law course from a presumed school/college.

  • After completing their corporate law, candidates can explore various career options in this field.
  • In addition to this, this field over the last decades has become increasingly popular among the students as it offers several job opportunities to the student.
  • The immense growth can be found in the field of corporate law. This is because every new company entering the market require a good corporate lawyer.
  • According to Economic Survey, the number of corporate firms has increased in India from 2019-2020.
  • The corporate lawyer can work in various segments such as insurance, marketing, food, luxury, telecom, retail and management etc.
  • The major reason while people are increasingly choosing this career option is that it provides a wide variety of job opportunities in almost every sector of the industry.
  • Moreover, passionate students pursue the field of corporate law from the best colleges of India and even give various law entrance exam in India so that they can get set in the prestigious college which further provide multiple job and career opportunities to pursue.
  • There is a various profile in which they can students can pursue their jobs such as corporate law officer, junior corporate lawyer, advocate, litigator, lecturer, etc.
  • They can even start their own practice and handle all the cases of cooperation which could help them attain the salary of 9-15 lakhs per month.
  • Corporate lawyers are like a partner in the firm because their legal assistance is required to conduct the business activities of the firm.
  • After completing their law degree, they can get an ample number of opportunities in the government sector and private sector and build their successful career.
  • They can get a job profile of advocates who has an average salary of 7-10 lakhs per month.
  • There is increasing dependence on corporate lawyers because they not only prevent the problems but also prevent those problems.
  • In fact, platforms like Upwork and Fiverr has provided an opportunity to the corporate lawyers to fulfil the needs of their clients by working comfortably from their home, thereby earning handsome amount of income.

Eligibility Criteria for Corporate Law in India

Students who want to pursue corporate law from the best colleges in India need to check the eligibility criteria. The eligibility criteria of corporate law courses in India differ from college to college.

 

Moreover, applicants who wish to join the integrated course with corporate law as a specialization need to meet eligibility criteria. The selection process and eligibility criteria of Undergraduate and Postgraduate levels vary from college to college.

 

However, the basic criteria which candidate should meet to pursue their corporate law degree are given in the following bullet points:

  • The entire corporate law course is for five years if students pursue it at graduation level.
  • The applicant should check the eligibility criteria before filling the application form for that course.
  • Depending upon their requirements, candidates can take admission in various corporate law courses. For instance, candidates can choose corporate law as one of their specializations while pursuing their bachelor’s degree and further extend their specialization at the master’s level and doctoral level.
  • To pursue their bachelor’s degree in law with corporate law as a specialization, the applicant must have completed Class 12 with 50% marks from the recognized board or institution.
  • However, suppose the applicant is interested in pursuing their law degree at a postgraduate level such as LLB, which is of 3 years. In that case, the eligibility criteria state that candidate should have a relevant law degree from the recognized university.
  • But, if the student is willing to pursue their doctoral program, they should have attained 55% marks in aggregate in their master’s degree or MPhil degree from a recognized university.
  • To get admission to the best universities of India, candidates need to crack an entrance exam and score a good rank in it.
  • Moreover, there are various universities in India which conducts entrance exam to assess and evaluate their performance.

Corporate Law Entrance Exams

In order to take admission in the renowned and prestigious law schools of the India, candidate must crack the following entrance exams which universities conduct and accept national-level examinations.

In addition to this, candidates must give this exam after completing their class 12 or after their graduation. The given below list includes National level and state level entrance exams which colleges conduct to enrol students in their course.

  1. Common Law Admission Test [CLAT]

The Common Law Admission Test is the national level examination that students need to give to enrol themselves in undergraduate and postgraduate law programmes offered by the best 22 National Law Universities in the country. In addition to this, some of the top universities which accept the Common Law Admission Test to provide admission in the law courses are NALSAR, NLU, GNLU, NLSIU, etc.

 

The CLAT Consortium, Bar Council of India, conducts the Common Law Admission Test for students to enrol themselves in undergraduate and postgraduate law programmes. The mode of application is online. Moreover, applicants need to fill the online application form from the official website to give this exam.

 

Furthermore, the general category needs to pay 4000, whereas SC/ST/BPL need to pay 3500 as an application fee. The student needs to give this exam in offline mode. Although, there are various courses offered by them, such as BA LLB/BBA LLB/B. Sc LLB/ LLM and accept candidates just by 3%.

 

Nevertheless, there is no upper age limit for students to pursue their undergraduate and postgraduate levels. The total duration of exam is both 120 minutes for both UG and PG.

 

  1. Law School Admission Test [LSAT]

Law School Admission Test [LSAT] is a common test for reading and verbal reasoning skills. Moreover, this test is conducted four times a year. The course is specially designed for LLM and LLB admissions.

It is accepted by various top institutes such as Rajiv Gandhi School of Intellectual Property Law, IIT Kharagpur Law School, Galgotia University Law School, SRM University, Amity Law School, etc.

To give this exam, applicants need to be a citizen of India. Furthermore, candidates should have qualified 12th class if they are planning to pursue an undergraduate law program, including BA LLB. However, if candidates applying for postgraduation degrees need to be LLB holders with minimum qualifying marks but qualifying marks should vary from college to college.

There is no upper age limit to apply for this exam, but the candidate should check the age limit specified by individual colleges when they are seeking admission. Moreover, the total duration of the exam is 2 hours and 20 minutes.

  1. All India Bar Exam [ AIBE]

The All India Bar Exam [AIBE] is not for the admission process, but it evaluates advocate abilities to practice their profession in India. This exam talks about candidate’s analytical abilities and their understanding and basic knowledge of the law. Moreover, after passing this examination, the candidate will be awarded a “Certificate of Practice” of law.

Moreover, the All India Bar Exam conduct this exam to assess the ability of a candidate and to set a benchmark for admission to law courses. Therefore, the candidate needs to select from 11 languages in which they need to attempt the examination. However, the examination consists of multiple-choice questions, and it is an open book test.

But a candidate can only give this examination if they meet the eligibility criteria of this exam. The eligibility criteria state that candidates must have completed 3 or 5 years of LLM program from the recognized institution. Moreover, there is no minimum marks requirement for LLB students to appear in this exam.

Applicants should have enrolled with State Bar Council and can attempt this exam as a number of times they want in order to qualify for this exam. Irrespective of the fact that the candidate has been enrolled in the course for more than two years as an advocate in the state bar council. The students need to give an exam in the month of March, and the total time duration of this exam is for 3 hours 30 minutes.

  1. All India Law Entrance Test [AILET]

The All India Law Entrance Test [AILET] is a national level examination that provides admission in National Law University, Delhi BA-LLB, LLM and PhD admissions. The BA-LLB is five years integrated program course, whereas LLM is a one-year course program.

 

In addition to this, if students need to enrol in five years BA-LLB programs, they must have completed senior secondary examination with an aggregate of 50% marks from a recognized institution.

 

Furthermore, to get admission in LLM-one year course, candidates must have passed LLB with 50% marks in aggregate, or the candidates appearing in the final year of LLB can enrol themselves in this course.

 

In order to get admission in the PhD program, the candidate must have passed LLM degree with 55% marks from a recognized institution. The exam pattern is in offline mode, and the language of this examination is in English medium. Moreover, the question paper is in Multiple Choice Questions and consists of a total of 150 questions.

 

The students, for every correct answer, get one mark, and for every wrong answer, 0.25 is deducted from their score. The exam is held in June and consists of a total of 1 hour 30 minutes.

  1. AIL Entrance Test [ Army Institute of Law B.A. LL. B Entrance Test]

The qualification criteria for Army Institute of Law BA LLB Admission are states below: Applicants who have breezed through the 10+2 test from Punjab School Education Board or some other comparable test perceived by the Punjabi University, Patiala, getting basically 45% marks in aggregate are eligible for the admission.

Moreover, the candidates who have acquired 10+2 through open college frameworks straightforwardly, without having any essential capabilities for seeking admission in such a school, are not qualified.

Furthermore, applicants passing the compartment papers of the qualifying test of 10 + 2 in this way will not be qualified for affirmation regardless of whether a seat is accessible.

The candidates need to fill the application form through online mode to give an entrance exam which is in the month of July.  The total fee for pursuing BA LLB for five years is around 6,41,000, and for LLM, which is of 1 year, it is 1,45,000.

  1. IPU CET [Indraprastha University Common Entrance Test]

Indraprastha University conducts the IPU CET (Indraprastha University Common Entrance Test). However, it only happens once a year, in the months of April or May. Therefore, it is conducted in a non-interactive style.

In addition to this, the exam will last three hours, with a total of 600 marks and 150 questions on the paper. That means a candidate will receive four marks for each correct response, with negative marking deducting one mark for the wrong answer.

Moreover, the application form for the IPU CET is categorized into two stages: initial registration and final registration. Initial registrations include course information, the candidate’s name, and contact information.

Candidates must fill in the programme they are applying for, as well as the programme code and contact information such as email and phone number. After filling the form, a login ID and password generates on the registered mobile number and email address.

IPU CET is an offline exam with 4 points awarded for correct answers and 1 point removed for incorrect responses. In addition, National Level Tests that university conducts for law courses. Moreover, candidates can check the syllabus on the official website of the university to prepare for the entrance test better.

  1. MH CET Law [Maharashtra Common Law Entrance Test]

Maharashtra Common Entrance Test, often known as MH CET Law, is an online test administered by the Maharashtra Common Entrance Test Cell for admission to a Bachelor’s degree programme.

In addition to this, to give this examination, applicants should meet the eligibility criteria. The candidates must have scored at least 45%-50% marks in aggregate in their Bachelor’s degree or master’s degree from a recognized university. Even the candidate appearing for their final semester examination can give this exam.

Moreover, it takes place once a year in the fourth week of April, and the results come in the month of May. The exam happens in the online pattern. The exam will last 2 hours and will consist of a 150-point paper. The examination does not use a negative marking system.

The 3-year LLB program consists of four sections as Legal Aptitude and Legal Reasoning, General Knowledge with Current Affairs, Logical and Analytical Reasoning and English, whereas candidates who attempt for five years LLB programs need to include Mathematics as one of the subjects in their syllabus.

In addition to this, the mode of examination is an online mode, and the examination consists of multiple-choice questions. Furthermore, one mark is given for the right answer, and one mark is deducted for every wrong answer. The exam conducts in two languages such as English and Marathi.

Top Corporate Law Courses in India

There are vast varieties of disciplines in corporate law that students can opt for according to their choice. While pursuing their law degree, the student can select corporate law as a specialization.

However, if they chose to go for a bachelor’s degree, they can pursue BBA LLB [Hons] in corporate law but if they want to pursue their master’s degree, then they can select the vast number of courses offered under corporate law specialization.

Depending upon their interest, students can opt for the course. However, the syllabus for each course varies from college to college. While selecting their course, candidates should check the syllabus from the official website to know in-depth about the course and what are the topics covered in that particular course.

Top Corporate Law Courses for Bachelors in India

If students want to pursue corporate law courses in under graduation, then they should go for BBA LLB in Corporate law. However, the corporate law syllabus of this course differs from other courses.

Moreover, this course is beneficial for those who want to expand their career success in the field of corporate law. The corporate lawyers can get job in private and public sector. They can be hired by small and mid-size business and handle their business-related activities in a legal manner.

This corporate law course will help students to acquire in-depth knowledge about the advocacy, legal reasoning, financial management, company law, mergers and acquisition and many more things.

List of top BBA LLB [Hons] in Corporate Law Colleges in India

College Name Affiliated University Average Fees
Symbiosis Law School Symbiosis International University Rs 15,00,000
Banasthali Vidyapeeth Banasthali Vidyapeeth University Rs 5,00,000
New Law College Bharati Vidyapeeth Deemed University Rs 4,00,000
M.S. Ramaiah College of Law Karnataka Law University Rs 8,00,000
Jamia Millia Islamia Jamia Millia Islamia University  Rs 52000
National Law School National Law School University Rs 2.14 lakhs in first year

Average fees for BBA LLB [Hons] in corporate law: Rs4 lakhs-Rs 20 lakhs.

Admission Criteria for BBA LLB [Hons] in corporate law: The eligibility criteria for this course states that they should have completed 10+2 with 50% marks in aggregate from the recognized institution. This is an integrated five years long course for students who want to make their career as an advocate, lawyer and business etc.

Types of jobs after BBA LLB [Hons] in corporate law: After pursuing this course, candidate can make their career as successful corporate lawyers. They can get jobs in the private sector and held the position of Company Secretary or associate themselves with small and mid-size businesses.

As corporate lawyers, they need to look after the functioning of the cooperation’s and advise the firm to make a decision that is helpful for the growth of the firm. Moreover, they need to ensure that the company works as per corporate laws and regulations and oversee business activities of the firm works in a legal manner.

Average Placement after BBA LLB [Hons] in corporate law: Rs 5,00,000- Rs 8,00,000 lakhs.

Top Corporate Law Courses for Masters in India

  1. LLM [corporate law]:

It is a two years postgraduation degree course. This is one of the popular specializations selected by the students while pursuing their law degrees. Moreover, Applicants who want to build their career in corporate law should pursue this course.

This program teaches the students about various laws, including Company law, Procurement law etc., to get specialize in their field. Moreover, it provides a detailed understanding of all the legal matters within the corporate field and helps them find solutions for legal issues.

In addition to this, the programme covers a wide range of law courses and topics, such as international law, company law, capitalism, procurement law, and so on, to prepare candidates for dealing with various legal difficulties and delivering solutions.

The academic area of law is primarily concerned with the study of legal procedure, legislation, and justice in India and other countries.

Moreover, the corporate world contributes to various legal issues that come from economic and financial difficulties, as well as tax-related issues affecting the firms that make up the corporate world.

Furthermore, a master’s degree in corporate law is designed to teach students about the in-depth study of all legal issues that arise in the corporate sector and assist them in finding answers to these challenges.

The curriculum aids in the development of a considerable understanding of a firm’s legal, financial, and economic problems. In addition to this, the study focuses on the rules that govern corporations or companies that operate within the corporate sector, intending to inform students about the interactions in these areas.

The course intends to give students a thorough understanding of the subject and apply what they’ve learned to numerous legal difficulties they’ll face once they start working in the industry.

The two-year curriculum gradually instils this knowledge in students throughout the two years of the degree, using a semester-based methodology.

List of top LLM in Corporate Law Colleges in India

College Affiliated University Average Fees
National Law National Law University Rs 2,00,000
Chandigarh University Chandigarh University Rs 80,000
Mahatma Gandhi Law College Osmania University Rs 24,100
Hidayatullah National Law University Hidayatullah National Law University Rs 79,000

Average Fees for LLM in Corporate Law in India- Rs 80,000-Rs 2,00,000

Admission Criteria for LLM in Corporate Law:  The ability to take a course is a basic requirement for admission to a specific college. The following are the basic requirements for admission to LLM Corporate Law programmes:

  • Candidates must have earned an LLB or similar degree from a recognized university.
  • In addition to this, candidates must have received a minimum of 50 per cent in their graduation class.
  • Applicants must pass the entrance exam with a score above the cut-off. It should be noted that the cut-offs fluctuate from year to year, depending on various criteria.
  • Candidates must also do well in the personal interview and group discussions, which help them assess their topic expertise.

 

Types of jobs after LLM in Corporate Law: Postgraduates with an LLM Corporate Law degree have many options when it comes to their career and job prospects. They can work as lawyers, civil judges, business lawyers, or even legal researchers.

 

After completing the degree, the student may seek LLM Corporate Law jobs in the public and private sectors.

Candidates for LLM Corporate Law careers in government sectors may have to take national or state-level exams to be considered for these positions. Legal courts, banks, and law companies are the most typical places to look for work.

ICICI Bank, HDFC Bank, FICCI, and others are among the top recruiters of LLM Corporate Law applicants.

 

Average Placements after LLM in Corporate Law: Rs 3 lakhs- Rs 8 lakhs per month

  1. LLM [Corporate and Securities Law]

This On-Campus One Year Master of Law (LL.M) programme at the School of Law focuses on high-quality law teaching and research. The school uses various teaching methods, including tutorials, group discussions, seminars, and case study approaches, in addition to standard classroom lectures.

 

Moreover, this curriculum also includes a rigorous internship programme designed to provide students with hands-on experience in the profession. On the Choice Based Credit System, there are now three specialities available (CBCS). This one-year LL.M. is a trimester-based, full-time intense programme.

 

However, this is the fastest-growing branch of specialisation, and it is in high demand. One can become a corporate lawyer after completing the course. Law firms, reputable organisations, and partnership firms all provide promising opportunities. In addition, several top-tier corporations hire persons with this specialisation.

 

List of top LLM in Corporate and Securities Law Colleges in India

 

College Affiliated University Average fees
Sri Venkateswara College of Law Sri Venkateswara University Rs 18000 [first year]
Sri Vijayanagar College of Law Sri Krishnadevar University Rs 25000[first year]
Tamil Nadu National Law School Tamil Nadu National Law School University Rs 35100[first year]

 

Average fees for LLM [Corporate Law and Securities Law] in India: Rs36000- Rs 70200

 

Admission Criteria for LLM [Corporate Law and Securities Law]: 3/5 years of BA.LLB. or LL.B. or its equivalent with a cumulative grade point average of at least 50% is eligible for this course. Those who are enrolled must present a certificate from their local Bar Council stating that they have been suspended from practising law.

 

Moreover, Internal assessment and end-term examination will take each account for 50% of the overall evaluation of this programme. A candidate must take a minimum of four courses from among the authorised courses of a relevant specialisation to be qualified for specialisation. In addition, the dissertation must be in that area of interest. For the LLM degree, the student must complete a total of 12 papers, an internship, and a dissertation.

 

Types of job after LLM [Corporate Law and Securities Law]: There are vast number of jobs available for students who completes their LLM [ Corporate Law and Securities Law] such as legal advisor, corporate lawyer, public prosecutor and many more.

 

Average Placements after LLM [Corporate Law and Securities Law]- Rs 6 lakhs-Rs 8 lakhs per month.

  1. LLM [Corporate and Commercial Law]

A two-year Master’s programme in legal studies, the LLM Corporate and Commercial Law. The course covers business procedures such as company formation, mergers and acquisitions, intellectual property, franchising, sales, and distribution.

 

Moreover, to be eligible for the LLM Corporate and Commercial Law programme, the candidate must hold an LLB or equivalent law degree. A minimum percentage of marks and entrance exams like CLAT, AILET, and LSAT are accepted by a few universities/colleges. The price ranges from INR 20,000 to INR 3,50,000 on average.

 

In addition to this, various entrance tests are held by different institutes to admit candidates to the LLM Corporate and Commercial Law programme:

 

PG-CLAT-The Consortium of National Law Universities administers the PG-CLAT, a national entrance exam. The candidate’s comprehension level was accessed in this exam. Thirty-four colleges across the country are taking part. Every year, more than 700 seats are available.

 

AILET- Every year, the National Law University of Delhi hosts the AILET. Candidates who pass the entrance exam move on to counselling and the final round of admission at one of three New Delhi colleges. For merit students, a total of 70 seats are available.

 

LSAT- The Law School Admission Council administers the LSAT (LSAC). The LSAT Entrance Exam is a multiple-choice test that assesses logical reasoning, critical thinking, and comprehension skills. Candidates who, after clearing this exam, can attend one of seven participating colleges across the country.

 

List of top LLM [Corporate and Commercial Law] Colleges in India

 

College Affiliated University Average Fees
National Academy of Legal Studies and Research University of Law Rs 1,75,000
National Law University National Law University Rs 1,50, 000
Symbiosis Law School Symbiosis Law School Rs 1, 65,000
Jamia Millia Islamia Jamia Millia Islamia Rs 8,700

Average fees for LLM [Corporate Law and Commercial Law] in India: Rs 8000- Rs 1,75,000

 

Admission Criteria for LLM [Corporate Law and Securities Law]: To enrol in this course, candidates must fall in these categories:

  • The candidate must have earned a law degree (LL. B) or BA LLB degree from a recognised institution.
  • A minimum of 50% in the qualifying programme is required of the candidate. (In some colleges, the minimum % may differ.)
  • There are no age restrictions.

 

Types of job after LLM [Corporate Law and Commercial Law]: The LLM Corporate and Commercial Law programme provides up a variety of professional opportunities in public and private sectors working with business-related legislative activity. Moreover, they can work as a Legal Researcher, Corporate Lawyer, Law Enforcement Officer, or Asset Manager and earn between INR 8,00,000 and INR 15,00,000 per year as a beginning wage.

 

Average Placements after LLM [Corporate Law and Commercial Law]- Rs 8 lakhs- Rs 15 lakhs per month

 

  1. LLM [Corporate and Financial Law]

The LLM [Corporate and Financial Law] course is introduced to students by the number one law school in India, which is Jindal Global Law School. University Grant Commission and NAAC accredited this course with an A+. Moreover, this is a new course for law students who want to expand their knowledge of corporate law and do something unique and creative in it.

 

In addition to this, this entire course is for one year and blend creativity and experience together to teach students something different in their course. Furthermore, the inclusion of Dissertation and industry case studies will help students to broaden their knowledge and add to their learning part.

 

Before taking admission to this course, the student should check the syllabus carefully prescribed on the official website. Furthermore, they should read the syllabus carefully to understand whether this course is beneficial for them or not.

 

However, this is suitable for litigation professionals, legal professionals working in the law firm, fresh law graduates, legal professionals working in the legal department in corporate, academic or research professionals, legal professionals in the government sector, etc.

 

In partnership with Up Grad, Jindal Global Law School has started this course for the students of law background to widen their knowledge and enhance their career prospects.

 

Average fees for LLM [Corporate Law and Financial Law] in India- Rs 3,50,000

 

Admission Criteria for LLM [Corporate and Financial Law]: The minimum eligibility to enrol for this course is that students must have completed their bachelor’s degree in law that is LL. B or any equivalent degree from the recognized institution. Moreover, the final year of candidates can apply for this course.

 

Types of a job after LLM [Corporate and Financial Law]: After completing this course, aspirants can get a job in top-notch corporate firms, or they can get a job within the legal department of the firm. Moreover, applicants can associate themselves with MNC or Indian Conglomerates.

Average Placement after LLM [Corporate and Financial Law]: Rs 8 lakhs- Rs 15 lakhs per month.

 

PhD in Corporate Law

After completing their bachelor’s and master’s degrees, applicants can extend their specialization and go for a PhD in corporate law. The candidates pursuing PhD in corporate law can develop a deeper understanding of their concepts and theories. In addition to this, as you know that corporate law includes practices, rules and regulations that operate and govern the activities of the corporation.

 

Moreover, the candidate with PhD in corporate law can improve their career and expand their chances of career prospects in the areas of law, judiciary, authority, attorneyship, legal consultation and academics. This is because corporate law relates to the legal complexities of the business and differs in every sense.

 

Colleges/ Universities Offering PhD in Corporate Law

College Name Affiliated University Eligibility
National Law School of India University National Law School of India University Master degree or MPhil degree in law or legal studies with 55% aggregate marks from recognized university and applicants must have cleared CLAT entrance exam.
National Law University National Law University Master degree or MPhil degree in law or legal studies with 55% aggregate marks from recognized university and students must have CLAT certificate with them.
IIT Kharagpur Law School IIT Kharagpur Law School Master degree or MPhil degree in law or legal studies with 55% aggregate marks from recognized university and student must have cleared LSAT entrance exam.
National Academy of Legal and Research University of Law Master degree or MPhil degree in law or legal studies with 55% aggregate marks from recognized university and student must have cleared CLAT entrance exam.

Average fees for PhD in corporate law: Rs 1,00,000 lakhs- Rs 5,00,000 lakhs

Admission Criteria for PhD in corporate law: Aspirants seeking admission to PhD in corporate law must have completed their MPhil or master’ degree in law or legal studies from recognized institution and they should have clear CLAT which is Common Law Admission Test whose score is accepted by several institution to enrol students in the corporate law course.

However, some institutions also accept the score of LSAT which is Law School Admission Test to provide PhD admissions to students. These are some of the renown universities in which student should apply for their PhD courses.

Average Placement after PhD in corporate law: Rs 4 lakhs- Rs 10 lakhs per month.

 

Suppose students don’t want to go for undergraduate, postgraduate and doctoral programs under the specialization of corporate law. In that case, they can go for diploma and certificate courses in the corporate law field.

 

Moreover, some of the postgraduate diploma courses in corporate law are Post Graduate Diploma in Business and Corporate Law and Post Graduate Diploma in Corporate law. On the other hand, we have online and certificate courses in corporate law for students who wish to expand their career prospects.

 

What to do after PhD in Corporate Law

Applicants, after the successful completion of their doctoral program in corporate law, have greater chances to explore a large number of opportunities in their professional life. Furthermore, the completion of the doctoral program in their specialization allows applicants to explore their skills, knowledge and apply their knowledge in various corporate organizations or MNC.

 

There are various job roles for corporate lawyers to explore in their field and expand their chances of having a successful and bright future ahead. Corporate law has become one of the popular specializations for students to opt for as their career. In addition to this, they associate themselves with the organizations to play an important role in decision-making.

 

Corporate lawyers not only solve the problems of the firm but also prevent those problems. They become partners in the firm because of their crucial role and are responsible for conducting legal activities of the firm.

Given below are some of the job roles which they can explore in their field:

  • Corporate lawyer
  • Legal Publishers
  • Professor
  • Researcher
  • Financial Analysts
  • Administrative Law Judges
  • Compliance Officer

 

Corporate Law Job Roles and Levels in India

As discussed in the above paragraph, there are various job roles under which students can apply to expand their careers as corporate lawyers. The main task associated with corporate law is to handle the legal matters of the company, which includes litigation, contract matters, compliances, international trade issues and mergers and acquisitions.

 

Moreover, the corporate lawyers are responsible for safeguarding the commercial transactions of the company, advising companies in various legal matters and working on the corporate rights and duties of the employees. In addition to this, they generally focus on how corporate and companies should interact with each other through their commercial transactions and through their corporate governance.

 

There are various job profiles in which corporate lawyers can work. Some of the job profiles are discussed below, along with the question how much is corporate lawyer salary in these job profiles:

  1. Corporate Litigation: Beginner, Mid-Experienced & Highly Experienced

The student pursuing corporate law can go for corporate litigation which focusing on contract issues and legal problems which corporation may face. The corporate lawyer needs to solve the cases of the fraud practises, employee and employer disputes and violation of contracts.

Average salary for Beginners: Rs 2 lakhs to Rs 4 lakhs per month

Average salary for Mid-Experienced: Rs 4 lakhs to 10 lakhs per month

Average salary for Highly-Experienced: Rs 10 lakhs to Rs 15 lakhs per month

  1. Compliance Officers: Beginner, Mid-Experienced & Highly Experienced

Students practising corporate law can practice their profession as a compliance officer.  They provide in-house counselling to the corporate firm to ensure there is a perfect compliance between company and its employees.

Average salary for Beginners: Rs 1 lakhs to Rs 3 lakhs per month

Average salary for Mid-Experienced: Rs 3 lakhs to 6 lakhs per month

Average salary for Highly-Experienced: Rs 6 lakhs to Rs 15 lakhs per month

  1. Financial Analysts: Beginner, Mid-Experienced & Highly Experienced

Securities and exchange board of India (SEBI), Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI), Competition Commission of India (CCI), and Pension Fund Regulatory and Development Authority are some of the regulatory bodies where corporate lawyers can work (PFRDA).

In addition to this, they can work with several departments, such as surveillance, legal affairs, commodities, and litigation, is part of the job.

Average salary for Beginners: Rs 2 lakhs to Rs 5 lakhs per month

Average salary for Mid-Experienced: Rs 6 lakhs to 10 lakhs per month

Average salary for Highly-Experienced: Rs 11 lakhs to Rs 18 lakhs per month

Frequently Asked Questions About Corporate Law in India

Ques-1: Which course is best for Corporate Law?

Ans-1: There are various undergraduate, postgraduate, doctoral programs that candidates can pursue in the field of corporate law. In addition to this, there are certain certificate and diploma programmes which students can go through in this specialization.

Moreover, depending upon their interests and budget, candidates can choose the course which various universities provide. Before applying for the course, candidates can check the eligibility and entrance exam accepted by the university.

Ques-2: How do you become a corporate lawyer?

Ans-2: To become a corporate lawyer, you need to understand what is the main task allocated to the corporate lawyer. Therefore, get qualified under graduation degree and understand the corporate law specialization. In addition to this, complete your undergraduate degree from the renowned law school and showcase your hard works in it.

Furthermore, clear several entrance exams conducted by the Bar Council of India and, if possible, do internships under legal professionals to gain experience in your field. Finally, give various jobs interviews to secure your position as a corporate lawyer.

Ques-3: Is corporate law a good career?

Ans-3: Undoubtedly, corporate law is a good career that has provided several job opportunities to students to enhance their career prospects.

 

Therefore, without thinking twice, students should opt for this specialization as more than lakhs of students get admitted to this course every year.

 

In addition to this, corporate law provides an opportunity for students to associate with various institutions and learn new things and theories that they can apply to their practice.

 

Ques-4: Do corporate lawyers need math?

Ans-4: No corporate lawyer doesn’t maths. They need to have a deeper understanding of how to govern and formulate corporations and conduct activities in a legal manner. Moreover, they need to make important decisions that are beneficial from the companies’ point of view and act as partners to the firm.

Apart from this, they look after contracts issues, international trade issues, drafting, mergers and acquisition. They understand how various stakeholders, investors and other stakeholders and consumers interact with each other.

Ques-5: Does a corporate lawyer go to court?

Ans-5: Corporate lawyers don’t go to court. They focus on handling clients’ matters, which includes litigation, drafting, international trade issues, mergers and acquisitions. They are usually one’s who are engaged in handling the business activities of the organization in a legal manner.

In addition to this, they are responsible for handling the attorneys, transactional and regulatory matters of the company.

 

 

 

 

 

 

 

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List of Universities offering Corporate Law
List of Universities