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Who is a Corporate lawyer?
Real lobbying reforms must end the practise of corporate lobbyists writing our laws ~ Marty Meehan
A career as a corporate lawyer is regarded as one of the senior positions in a private company or in a public sector organization. In Western parts of the world, corporate law careers are generally known as corporate lawyer, but a corporate lawyer does a lot more than handle legal matters. To some extent yes, the corporate lawyer's career path is to supervise the legal decisions pertaining to the management and business of any corporation.
In other words, a corporate lawyer's work involves a strong administration within the firm, managing compliance, and ensuring that all the decisions taken by the board of directors are implemented thoroughly. If we talk about corporate lawyer education requirements, students can pursue LLB, BBA LLB, and B.Com LLB to become corporate lawyers. In this article, we will discuss corporate lawyers, corporate lawyer vacancy, corporate lawyer jobs, corporate lawyer career options, and Is corporate lawyer a good career.
Corporate lawyer in a Nutshell
Individuals who opt for a career as corporate lawyer work as an advisor for the board of directors to help them make firm and legally correct administrative decisions. A corporate lawyer career path also includes keeping the board of directors informed regarding their legal responsibilities. He or she is a representative of any organization, private or public. It is a corporate lawyer career that ensures that the company operates within the law.
Quick Facts for Corporate lawyer
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Industry
Law
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Average Salary in India
₹20000
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Suitable for
Male, Female, Others
A career as a corporate lawyer suits everyone who is responsible enough to handle legal tasks, and curious enough to reach the depth of the truth. Anyone with appropriate skills and the zeal to excel in the field can choose to have a career as corporate lawyer.
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Any special needs
Yes
There are no boundaries to having a career as a corporate lawyer. Anyone with special needs can also become a corporate lawyer. A Corporate lawyer is required to be skilled mentally, and hence people with a physical disability can choose to have a career as a corporate lawyer.
Table of Contents for Corporate lawyer
What is the role of Corporate lawyer?
In a career as a corporate lawyer, one deals with a diverse range of work attributes that must be fulfilled. A corporate lawyer is the legal face of the company. A corporate lawyer's career path includes assisting the board of directors, supervising the company's legal matters, representing the organization’s interests to the officials in the opposite party, and ensuring that the company and its directors operate within the law.
The corporate lawyer job description in India includes establishing thorough communication with stakeholders, to ensure that the company is paying the dividends and maintaining the documents, such as lists of directors, annual accounts, and shareholders. Read the complete article to learn about how to become a Corporate Lawyer in India and how to become a corporate lawyer after 12th.
Planning
In a career as a corporate lawyer, one is responsible to create a firm strategic planning refers to the process of designing the goals of an organization, and then enforcing that perspective through particular, clear objectives. Corporate lawyers employed in the development of the strategy should achieve targets, evaluate what initiatives workers actually need to implement and motivate the company to accomplish that objective.
Research work
Corporate lawyers are required to brief a court in writing on the affair in a case before the affair can be verbally argued. Sometimes, a corporate lawyer is required to perform extensive research for relevant facts. In addition to this, one is also responsible for drafting legal papers and preparing for a legal verbal argument. A career as corporate lawyer requires them to perform significant research work because they motivate staff to identify the institution's structural elements.
Legal advice
The role of a corporate lawyer is to counsel their clients about their legal rights and accountability and suggests courses of action in professional and personal matters. All corporate lawyers research the intent of laws and judicial decisions and apply the laws to the specific circumstances that their client faces. A corporate lawyer might provide legal advice to clients for good consideration, even if no lawsuit is contemplated or is in progress.
Types of a Corporate lawyer
In this article, we will discuss the various types of a corporate lawyers or corporate lawyer career options.
Civil Litigation Lawyer: A civil litigation lawyer also known as a litigator, or trial lawyer is responsible for representing plaintiffs and defendants in civil lawsuits. Civil litigation lawyers manage all phases of litigation from investigation, pleadings, and discovery through the pre-trial, trial, settlement, and appeal process.
Legal Analyst: A legal analyst is a law specialist who supports or aids individual lawyers. A legal analyst's job is to conduct legal research, assemble legal research, maintain databases and tracking systems, and track, organize, assess, and file documents.
Document Drafting Lawyer: A document drafting lawyer is a professional who deals in criminal, and civil litigation and other legal proceedings. He or she also draws up legal proceedings and gives his or her advice to the clients on legal transactions.
Legal Journalist: A legal journalist is a professional journalist who researches, collects information, and reports information to the general public in a variety of media. However, he or she focuses specifically on reporting matters pertaining to the law.
Legal Advisor: A legal advisor is expected to provide legal assistance, carry out various legal activities, and complete them. A legal advisor is also likely to create different legal documents and advise clients on all important legal issues.
What is the workplace/work environment of Corporate lawyer like?
In a corporate law career, most corporate lawyers work in private practice focusing on administrative law. Solicitors spend most of their time in legal offices. The work environment for corporate lawyers differs on the basis of the fields they choose to work in. Individuals who opt for a career as a corporate lawyer must stay current about recent judicial decisions and new laws.
Does Corporate lawyer require travelling?
Likely
Travelling is subjective in the case of corporate lawyers and depends on their work schedule and field of work. In a career as a corporate lawyer, individuals require travelling as they are expected to meet their clients at various locations. They might be required to travel to various locations such as courtrooms or meeting locations.
Employment Shifts
Full Time, Part Time
Corporate lawyers can find both contractual and permanent jobs as per their requirements and skills. There are numerous corporate lawyers who work for government agencies. Individuals who opt for a career as corporate lawyer works for non-profit organizations. All of these fields offer jobs on a both contractual and permanent basis.
Employment Nature
If Corporate lawyers case demands them to work under certain shifts or circumstances, they are required to work in accordance with the requirement of their case. Quite a lot of times, corporate lawyers are required to expand their work schedule to weekends or till night.
Work Place
Office
Individuals who opt for a career as corporate lawyer works according to their work schedule and the roles and responsibilities they have been assigned. A corporate lawyer working on salaries usually has a set work schedule. The working hours of a corporate lawyer in the private sector will vary, depending on how much research he or she conducts and how many clients he or she has to meet with. Almost 37 per cent of corporate lawyers work more than 50 hours per week.
Presence in Geographical Area
Semi-urban, Urban
The big organizations or firms are situated in cities like New Delhi, Bengaluru, Hyderabad, Lucknow, Kolkata, Mumbai, and Chennai. All of these cities secure attractive jobs in law firms offering proper training along with a well-structured stipend. Big organizations like Luthra & Luthra, and Khaitan & Co are situated in these cities and they offer a wide range of opportunities to corporate lawyers as well as law students.
Time Pressure
Likely
In a career as a corporate lawyer, individuals complete certain tasks in a given timespan by the senior employees. This job requires much time and mental pressure, as we know nothing great can be achieved without hard work. A corporate lawyer is required to audit financial data within a limited time.
Overtime Details
Individuals who opt for a career as corporate lawyer work with some big financial companies and also independently, he or she generally works for nine hours a day. But he or she needs to work more than fifteen hours a day in the financial year ending. Some projects need more concentration too, in those cases, he or she needs to extend their shift timing to complete it in time.
Weekly Hours of Work
Min 50 Hours
The work shift of a corporate lawyer is only full-time and not part-time. A corporate lawyer just works the regular shift but that does not imply that he or she does not need to work extra hours. A corporate lawyer does extra hours when it is needed especially in the financial year. Though he or she works for nine to ten hours a day, in the financial year it can be up to fifteen hours.
How to become a Corporate lawyer?
Steps to become a Corporate lawyer
If you are someone interested in business and its legal and external affairs like acquisition, litigation, trade issues and compliance then a career as a Corporate Lawyer is the right option for you. It is a highly demanded and prestigious job. We have mentioned below some of the steps for you to know how to become a Corporate Lawyer in India or how to become a corporate lawyer after 12th.
What are the skills and qualities required to become a/an Corporate lawyer?
You must be wondering how to become a corporate lawyer in India. In this section, we will be answering the most commonly asked question that how to become a corporate lawyer in India. In order to make a career in corporate law one must possess some skills. Some corporate lawyer skills are mentioned below:
Excellent communication skills: Not only corporate lawyers must be verbally articulate, and hold excellent command of written communication skills, but also be good listeners. A corporate lawyer's job is to argue convincingly in the courtroom before juries and judges, and possessing good speaking skills is important. In addition to speaking, corporate lawyers must be able to write clearly, persuasively, and concisely, as they are required to produce multiple legal documents.
Judgement skills: As a corporate lawyer, one must possess the ability to draw reasonable, logical conclusions or assumptions from the limited information provided to them. A corporate lawyer's job is to consider these judgments critically so that he or she can anticipate potential areas of weakness in one’s argument that must be reinforced against. Hence, one must possess strong judgement skills to excel and succeed in their respective cases.
Analytical skills: In a career as a corporate lawyer, while practising business management and law, one must be able to absorb large quantities of information, and then filter it into something meaningful, manageable, and logical. At times, there will be more than one method or precedent applicable to resolve a situation. Therefore, as a corporate lawyer, one must possess strong evaluative skills in order to choose which is most applicable or suitable.
Research skills: In a career as a corporate lawyer, one is required to perform extensive research work into relevant facts. To win an argument of any sort, one must be sure about the facts one is stating. No argument, especially legal, can be won without indisputable facts. A corporate lawyer's job includes being able to research quickly and effectively is essential to understand one’s clients, and their needs, and to prepare legal strategies.
People skills: A career as a corporate lawyer is not a recapitulating practice. Corporate law careers are to be presentable, influential, and able to read others. Being personable allows a corporate lawyer to decide upon the best proposition to take in order to achieve the desired outcome either the client taking a corporate lawyer's advice or reaching a favourable surmounting with the opposition.
Perseverance: In a career as a corporate lawyer, one must have the perseverance to complete the work necessary to drive it to a successful finish. “Perseverance is not a long race, it is many short races one after the other.”
Creativity: Very successful corporate lawyers are not only analytical and logical, but they also display a great deal of creativity in their problem-solving. The best approach is not always the most obvious and in order to circumvent one’s challenger, it is often necessary to think outside the box.
Which certifications and internships can be helpful in becoming Corporate lawyer?
Internship Availability
A corporate law career path offers a magnificent chance to gain real-world experience in the high-stakes industry. While most internships are unpaid, some business internships do carry a small stipend. Interns in this sector can expect a nominal hourly rate. If a candidate is in college and anticipating using an internship to get their foot in the door of this sector, they are not alone. Candidates are required to do an internship for at least 12 months, 15 months, or three years.
Career Path Progression for Corporate lawyer
Junior Corporate Lawyer: A Junior Corporate Lawyer is a professional who is responsible for solving various business-related legal issues and takes care of legal and financial activities for their client’s business. A Junior Corporate Lawyer usually works under the guidance and supervision of Senior Corporate Lawyers or other related professionals.
Senior Corporate Lawyer: A Senior Corporate Lawyer is an experienced professional who is responsible for supervising the legal decisions regarding the management and business of the company. A Senior Corporate Lawyer deals with the administration works and at a senior position leading a team of junior lawyers and other team members.
Corporate lawyer Jobs and Salaries
Junior Associate Attorney
Contractual/Permanent
- Average Salary 20000
- Junior Level Salary 19000
Job Description
A junior associate attorney is responsible for gathering information for legal cases. He or she stays involved in facilitating the research process. A junior associate attorney's work responsibilities also require him or her to interview key individuals before proceeding in court. He or she provides support in court and administrative paperwork.
Salary Description
The salary of a junior associate may vary depending on the organization he or she works with. The size of the organization and the area where it is located affects the salary. On average, a junior associate earns Rs. 2,40,000 per annum.
What is the job outlook for Corporate lawyer?
Many big corporations are increasing their in-house legal departments in order to cut costs. For many organisations, the high cost of hiring outside counsel lawyers and their support staff makes it more reasonable to shift work to their in-house legal department. This shift will generate the demand for corporate law as a career in a variety of settings, such as financial and insurance industries, consulting industries, and healthcare providers. There have primarily been two factors responsible for job market improvement.
First, law schools have recently witnessed smaller graduating classes. Second, hiring at large law firms and industries has witnessed a steady increase since 2011. Hence, this combination of more jobs and less competition has been converted into greater job prospects for corporate law careers.
Frequently Asked Questions for Corporate lawyer
Que. What qualifications do you need to be a corporate lawyer?
Ans.It is important that you have a degree or professional qualifications in accounting, law, accountancy, business, or public administration in order to become a corporate lawyer. You are also required to have appropriate experience in business in these fields like insurance, accounting, and credit management.
Que. How can I become a corporate lawyer after 12th?
Ans.An applicant who has already completed Class 10+2 or any equivalent with an aggregate mark of at least 50 per cent from a recognized board could also pursue a corporate lawyer course. The applicant has to register with the Indian Institute of corporate lawyers to follow the course and receive the corporate lawyer degree.
Que. Can we study the corporate lawyer course at home?
Ans.The best solution is to study through the module. The institute-based module is published, so nothing else will arrive in the exam question instead of the module. Whenever you are learning, open the module at home, read the one page first then learn what is in it.
Que. What is corporate lawyer?
Ans.A corporate lawyer is a professional who is responsible for advising clients about their rights, responsibilities, and duties. He or she is an advisor to the board of directors and a representative of the company.
Que. What does a corporate lawyer do in India?
Ans.Careers in corporate law require to look after the company's legal matters such as taxes, acquisitions, employment laws, and others. He or she provides legal advice to his or her organization.
Que. How long does it take to become a corporate lawyer?
Ans.To become a Civil Lawyer in India, you need to opt for five years of BA LLB course after your 10+2 and pursue an internship and register with BCI and apply for a licence to practise the law in India.
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In August 1951 the very first Certified Professional Secretary assessment was conducted.
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About 22 million skilled secretaries are members of the United States labour force.
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Fact 4
The Official Day of Recognition started as National Secretary Day in 1952 and then in 2000 was renamed as Administrative Professionals Day.
