- Corporate lawyer
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 most positions in a private company or in a public sector organisation. In western parts of the world, corporate law careers are generally known as corporate secretary or corporate lawyer; but a corporate lawyer does a lot more than just handle legal matters. To some extent yes, the corporate lawyer career path is to supervise the legal decisions pertaining to the management and business of any corporation. In other words, a corporate lawyer's duties involve 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, then students can pursue LLB, BBA LLB, B.Com LLB to become corporate lawyers. Here, in this article, we will discuss the corporate lawyer career path, corporate lawyer skills, corporate lawyer education requirements, how to become a corporate lawyer in India, corporate lawyer job outlook, what do corporate lawyers do.
Corporate lawyer in a Nutshell
Individuals who opt for a career as a corporate lawyer work as an advisor for the board of directors to help them make firm and legally correct administrative decisions. Corporate lawyer career path also includes keeping the board of directors informed regarding their legal responsibilities. A corporate lawyer is a representative of any organisation, private or public. It is corporate law careers to ensure that the company operates within the law.
Quick Facts for Corporate lawyer
Average Salary in India
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 a corporate lawyer.
Any special needs
There are no boundations to study business and law to have a career as a corporate lawyer. Anyone with special needs can also become a corporate lawyer. corporate lawyers are required to be skilled mentally, and hence people with 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 are required to be fulfilled. A corporate lawyer is a legal face of the company. A corporate lawyer career path includes providing assistance to the board of directors, supervising the legal matters of the company, representing the organisation’s interests to the officials in the opposite party, and ensuring that the company and its directors operate within the law. It is also a corporate lawyer job to establish a 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.
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.
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 lawyers requires them to perform significant research work because they motivate staff to identify the institution's structural elements.
As advisors, a corporate lawyer counsels 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 corporate law careers.
Civil Litigation Lawyer: A civil litigation lawyer is also known as litigator, or trial lawyers are 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 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, 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, they focus specifically on reporting matters pertaining to the law.
Legal Advisor: As a legal advisor one is expected to provide legal assistance, carry out various legal activities and complete them. A legal advisor is also expected to create different types of legal documents and advise clients on all important legal issues.
What is the workplace/work environment of Corporate lawyer like?
Majority of 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 are required to stay up to date about recent judicial decisions and new laws.
Does Corporate lawyer require travelling?
Travelling is subjective in the case of corporate lawyers and depends on their work schedule and field of work. In career as 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.
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 a corporate lawyer work for non-profit organizations. All of these fields offer jobs on both contractual and permanent basis.
If their 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.
Individuals who opt for a career as a corporate lawyer work according to their work schedule and the roles and responsibilities they have been assigned. corporate lawyers working on salaries usually have set work schedules. The working hours of corporate lawyers in private sectors will vary, depending on how much research they conduct and how many clients they have to meet with. Almost 37% of corporate lawyers work for more than 50 hours per week.
Presence in Geographical Area
The big organizations/ firms are situated in cities like New Delhi, Begaluru, 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, Khaitan & Co are situated in these cities and they offer a wide range of opportunities to the corporate lawyers as well as law students.
In career as 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.
Individuals who opt for a career as a corporate lawyer work with some big financial companies and also independently, they generally work 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 in the regular shift but that does not imply that they do not need to work extra hours. corporate lawyers do extra hours when it is needed especially in the financial year. Though they work for nine to ten hours a day, in the financial year it can be up to fifteen hours.
How to become a Corporate lawyer?
What are the skills and qualities required to become a/an Corporate lawyer?
You must be wondering that how to become a corporate lawyer in India? So, 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 corporate law careers, one must possess some skills. Some corporate lawyer skills are mentioned below:
Excellent communication skills: Not only corporate lawyers must be verbally articulate, hold excellent command of written communication skills, but also be good listeners. A corporate lawyer job is to argue convincingly in the courtroom before juries and judges, possessing good speaking skills are 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 judgements critically, so that he/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, 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/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 fact. A corporate lawyer job includes being able to research quickly and effectively is essential to understand one’s clients, 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 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: The 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?
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 articleship for at least 12 months, 15 months or three years.
Career Path Progression for Corporate lawyer
Junior associate- Junior associates are the lawyers responsible for gathering information for legal cases and assisting senior attorneys in forming arguments. Some of the main roles and responsibilities of junior associates include litigating in court, presenting statements, and negotiating with clients and opposition, help form contracts and define specific terms before signing them, review agreements and change drafts before consulting with senior attorneys, associate attorneys work well in a team environment, and work well with minimum supervision.
Senior associate - Senior associates are the attorneys that manage litigation cases and resolve legal disputes on behalf of clients by developing agreements, negotiating contracts, setting claims and advocating for clients in court. They can work in a wide range of departments, from divorce to corporate law to civil rights, to criminal law. They work under the supervision of more experienced colleagues, often providing support and assistance, such as performing legal research for particular cases.
Corporate lawyer Jobs and Salaries
Junior Associate Attorney
- Average Salary 20000
- Junior Level Salary 19000
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 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.
The salary of junior associate may vary depending on the organisation he or she works with. The size of the organisation and area where it is located affects the salary. On an average a junior associate earns Rs. 240,000 per annum.
Senior Associate Attorney
- Average Salary 41900
- Junior Level Salary 32000
- Senior Level Salary 83000
A senior associate attorney is responsible for handling multiple legal matters simultaneously. He or she distributes assignments among associates and subordinates. A senior associate attorney also requires to involve in business development and marketing related activities He or she is responsible for representing clients independently in meetings, proceedings and negotiations.
The salary of senior associate may vary depending on organisation, skills and specialisations. A senior associate attorney with one to four years of experience could earn more than Rs. 400,000 per annum. A senior associate attorney with more than ten years of experience could earn more than Rs. 1000,000 per annum.
What is the job outlook for Corporate lawyer?
Many large 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 careers in a variety of settings, such as financial and insurance industries, consulting industries, and healthcare providers. There have primarily been two factors responsible for the 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, credit management.
Que. How can I become a corporate lawyer after 12th?Ans.
Applicant who has already completed Class 10+2 or any equivalent with an aggregate mark of at least 50 per cent from a recognised 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.
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