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Top 10 Skills of a Corporate Lawyer Should Have and Learn

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Top 10 Skills of a Corporate Lawyer Should Have and Learn

Edited By Team Careers360 | Updated on Sep 23, 2023 10:08 PM IST | #Corporate Law

Corporate law has lately become one of the most sought-after career options for students. This is primarily owing to the respectable lifestyle, lucrative salary, and growth opportunities that the field provides. If you are someone looking for how to become a corporate lawyer, then there are many online Law Courses and certifications available from top universities that will teach you everything about the field and skills required for corporate lawyers. Corporate law deals with how companies interact externally through commercial transactions and internally through corporate governance.

Top 10 Skills of a Corporate Lawyer Should Have and Learn
Top 10 Skills of a Corporate Lawyer Should Have and Learn

Corporate law incorporates various areas within its fold; therefore, a corporate lawyer can specialize in any of those areas of his choice. These areas include Corporate Restructuring, Insolvency and bankruptcy, Compliance, Corporate Litigation, Intellectual Property Rights, Banking and finance, International Capital Market, Venture capital transactions, Private Equity, and Real estate. There is cut-throat competition in the corporate law field today. Thus, to excel in this field, you do not just need to be good but need to be the best. For that, you need to learn the various skills of corporate lawyers by taking online free corporate lawyer certification courses.

Top 10 Skills Required for Corporate Lawyers and How to Learn Them

Course
Duration
Platform
Foundation Certificate in Commercial Awareness
2 days
bcs.org
Successful Negotiation: Essential Strategies and Skills
17 hours
Coursera
Introduction To Companies Act, 2013
1 month
Lawsikho
Improving Communication Skills
10 hours
Coursera
Corporate Lawyers: Ethics, Regulation, and Purpose
3 weeks
FutureLearn
CONTRACT LAW: Business Obligations
1.5 hours
Udemy
Certificate Course in Competition Law, Practice And Enforcement
3 months
Lawsikho
Introduction To Practical Contract Drafting
1 month
Lawsikho
6 weeks
edX
Get Things Done: How To Organize Your Life And Take Action
3 hours
Udemy

1. Business Awareness

Commercial or Business Awareness is one of the most important skills of a corporate lawyer. Business awareness means understanding the business and the business environment in which the organization operates. You should also know what makes a business successful, its products, buyers, sellers, the technology used, etc.

Course for this skill:

Foundation Certificate in Commercial Awareness

This is one of the best corporate lawyer online courses where you will learn about business finance, organizational behaviour, structure and operations. You will also gain the commercial and organizational knowledge required for effective business analysis. The course will cover techniques to evaluate a financial case, appreciation of costing and pricing, forecasting and budgeting, understanding of organizational models and structures, Interpreting financial accounts and explaining specific business performance ratios, and analyzing the business domain and portfolio value.

Duration: 2 days

Platform: bcs.org

2. Negotiation skills

Negotiation is one of the most important corporate lawyer skills. It is an amicable method of dispute resolution where conflicts are resolved through discussion. A good corporate lawyer should be a good negotiator too. He must have good negotiation skills as no company wants to indulge in expensive litigation and is always ready to resolve the dispute peacefully.

Successful Negotiation: Essential Strategies and Skills

Offered by the University of Michigan via Coursera, this is another one of the best corporate lawyer courses where you will learn conflict management and negotiation skills, Strategic Negotiations, and Communication. The course will also cover four key stages of negotiation, Planning Your Negotiation Strategy, Using tactics to negotiate, Negotiating to create a binding contract, Performing and evaluating the agreement, and Practicing Your Negotiation Skills.

Duration: 17 Hours

Platform: Coursera

3. Knowledge of Company Law

If you want to become a successful corporate lawyer, then you must have a thorough knowledge of the company law operating in your country. Companies Act 2013 deals with the incorporation of companies, the appointment of company officials, the winding up of companies, and the prevention of fraud and mismanagement in companies. You must have a thorough understanding of the Companies Act to become a corporate lawyer.

Introduction To Companies Act, 2013

In this sought-after corporate lawyer certification course, you will learn about the functioning of a company and understand the decision-making process in a company, the strategic choice, commercial intent, and the basics of the Companies Act,2013. The course will further discuss incorporating companies and finding their information: the rationale behind incorporating companies, types of companies, drafting MOA and AOA, etc. In addition, it will cover investment transactions and capital changes: types of securities, private placement, shareholders agreement, etc.; Directors, Board Decisions, and Related Party Transactions: Appointment of directors and their removal, types of directors, etc.; and more.

Duration: 1 month

Platform: Lawsikho

4. Communication

Good oral and written communication abilities are very important skills of a corporate lawyer. He should be able to confidently argue a case in court, negotiate settlements, and explain complex information to clients. He should also have the requisite drafting skills.

Course for this skill:

Improving Communication Skills

This is one of the highest-rated corporate lawyer certification courses offered by the University of Pennsylvania. In the course, you will learn to develop good communication skills and how to use them to your advantage. You will be able to understand what others want and frame convincing and clear answers. The course curriculum covers topics such as Cooperation, Competition, and Comparisons, Gaining and building trust to develop cooperation, Deception, and how to detect it?, and Effective communication.

Duration: 10 Hours

Platform: Coursera

5. Legal and Business Ethics

Ethics is an important part of every profession. Legal ethics serve as a guiding light for lawyers and ensure that they work within the bounds of the law. Similarly, business ethics are the principles that guide a business and help in maintaining good relations with the stakeholders, competitors, etc. A good corporate lawyer must know about legal and corporate ethics, how they regulate their work and must adhere to them.

Corporate Lawyers: Ethics, Regulation, and Purpose

This one of the corporate lawyer certification courses offered by the University of Birmingham via FutureLearn will explain to you the role of corporate lawyers and the ethical challenges faced by them. You will be taught the importance of ethics in the legal profession. It will also teach you the purpose of lawyers in society, reconciling public good with client satisfaction, the importance of legal ethics in the life of a corporate lawyer, and how lawyers respond to ethical challenges and pressure faced by them.

Duration: 3 weeks

Platform: FutureLearn

Also read:

6. Contract Law

Businesses operate on contracts. While entering into contracts, various legal considerations have to be taken into account, and compliance with the Indian Contract Act, of 1872, and other related laws have to be ensured. Thus, a corporate lawyer must be familiar with the various aspects of contract law.

CONTRACT LAW: Business Obligations

In this corporate lawyer online course, you will learn about contracts, how to form legally binding contracts, analyze and interpret the terms of a contract, and the termination of a contract. You will also get to know about what is a contract, the Formation of a contract, various contractual terms, vitiating factors in the contract, third-party position in contracts, termination of contracts, and remedies for breach of contract.

Duration: 1.5 hours

Platform: Udemy

7. Knowledge of Competition Law

This is one of the essential corporate law skills required for corporate lawyers. Competition is a necessary aspect of facilitating economic growth. However, to ensure free and fair competition, the Government of India has enacted the Competition Act, of 2002 to regulate and restrain companies that indulge in anti-competitive practices. Thus, a corporate lawyer, especially a competition lawyer, should have a thorough knowledge and understanding of the competition law.

Certificate Course in Competition Law, Practice And Enforcement

This course is meant for those lawyers who work in or want to work in competition teams of corporate law firms or as in-house counsel in corporate groups facing competition scrutiny. This is one of the best corporate lawyer courses that will explain to you the applicability of the various provisions of the Competition Act, introduction to competition law, anti-competitive agreements, and abuse of dominance. It will also teach you about inquiry and investigation in enforcement cases, competition law and IP, M&A and Competition Law and international and comparative competition law.

Duration: 3 months

Platform: Lawsikho

Popular Specializations

8. Contract Drafting

Every day, new contracts are introduced by companies for taking up new deals, renewing old deals, and building relationships. A corporate lawyer must know how to draft contracts. He is the one who ensures that the contract entered into is legal and fulfils all requirements of the law.

Introduction To Practical Contract Drafting

This is another one of the best corporate law online courses that will teach you everything about contract drafting. You will be given transaction-specific training for important business contracts. The course will discuss the Anatomy of a contract, Execution of a contract, and Operative Clauses in a Contract. In addition, you will be taught about Boilerplate clauses, Dispute Resolution, Contract Presentation and Review and Contract Negotiation. Key Business Agreements: Non-Disclosure Agreements, MOUs, Employment Agreements, Consultancy, and Services.

Duration: 1 month

Platform: Lawsikho

9. Intellectual Property Law

A corporate lawyer should understand the basics of intellectual property law. Nowadays, companies have a large number of intellectual property assets, especially in the innovation-driven sectors. Thus, they look for a lawyer who can handle their IP-related contracts.

Intellectual Property Law and Policy: Part 1

Offered by the University of Pennsylvania, Philadelphia via edX, these of the best corporate lawyer online courses will help you gain the general idea and theoretical concepts of intellectual property law. The course covers everything about intellectual property, from an overview of the subject to patents and the characteristics of valid patents. It will also discuss some of the policy implications of intellectual property.

Duration: 6 weeks

Platform: edX

10. Organization

The job of a corporate lawyer includes various acts. Sometimes he is attending court, managing case files, meeting clients or other times he is drafting contracts, etc. Thus, organizational skills are very important. A good corporate lawyer is one who can do his work in an organized manner, prioritize his work, and meet deadlines rather than working haphazardly. So, organization is one of the must-have skills required for corporate lawyers.

Get Things Done: How To Organize Your Life And Take Action

In this one of the top-rated corporate lawyer certification courses, you will learn to create, plan, and complete your projects on time and various techniques and strategies to organize your work and life to increase your productivity. The course covers the Action Map system, Actions and Planning, Triggers, Domains, Reviews, and more.

Duration: 3 hours

Platform: Udemy

Conclusion

Becoming a successful corporate lawyer is no easy thing. But if you are willing to work hard and be determined, you will be able to achieve this goal. Knowing the technical aspects of the law is not enough. You need to have practical knowledge and skills for corporate lawyer. They include commercial awareness, teamwork, communication skills, information analysis and research, confidence, and creative problem-solving skills. You can enrol in corporate lawyer courses to master these skills and embark on your journey to become a successful corporate lawyer. You can choose the best courses by making an online course comparison and excel in your career.

Explore Popular Corporate Lawyer Certification Courses Providers

Frequently Asked Question (FAQs)

1. What are the best universities for pursuing a master's in corporate law?

National Law University(NLU),  Hidayatullah National Law University (HNLU), and Chandigarh University are some of the top universities for pursuing a master’s in corporate law.

2. Which is the best company law online course?

Diploma in Companies Act, Corporate Governance, and SEBI Regulations (12 months) offered by Lawsikho is the best company law online course available.

3. Can I do an MBA in corporate law?

Yes, many management colleges offer an MBA in the corporate law program.

4. Are there any certificate courses in corporate law available online?

Yes, many corporate lawyer certification courses are available online, including Certificate Course in National Company Law Tribunal (NCLT) Litigation( Lawsikho), Certificate Course in Insolvency and Bankruptcy Code(Lawsikho), and Corporate & Commercial Law I: Contracts & Employment Law(Coursera).

5. What are the available corporate law degree programs?

Corporate law degree programs available are BBA LLB (Hons) in Corporate Laws, LLM in Corporate Law and Post Graduate Diploma in Corporate Law, etc.

6. Can I find any corporate law online courses for free?

Yes, you can find many free corporate law online courses on platforms like Coursera, Alison, and FutureLearn.

7. Are there any company law classes available online?

Yes, you can join the company law classes by enrolling in the various diplomas and certificate courses offered by Lawsikho.

8. What are the job opportunities available after corporate lawyer courses?

Many job opportunities are available after completion of the corporate lawyer courses. You can work as a corporate lawyer or join a law firm or work as an in-house counsel to specialize in any area of corporate law and work as an IP Lawyer, Competition lawyer, etc.

9. What is the average salary of a corporate lawyer?

The average salary of a corporate lawyer in India is Rs 702,137.

10. How do you become a corporate lawyer?

You should opt for BBA LLB if you want to become a corporate lawyer. However, you can also opt for a master's in corporate law.

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Questions related to Corporate Law

Have a question related to Corporate Law ?

Corporate law is a good career as it offers many options in nearly every industry and a strong salary. As a corporate lawyer, you can work for the government or various business verticals, like retail, marketing, travel, hospitality, insurance, or technology industries. The career offers flexibility in employers, like working as an in-house counsel for a corporation or as an associate or a partner with a law firm. You can also work as a freelance corporate law consultant on national or international projects or practice commercial litigation before traditional courts or the National Company Law Tribunal (NCLT).

Lord Walker in the case of Philips v Malcurie declared that the term ‘intellectual property’ has no particular potency.  The area of Intellectual Property Law opens a plethora of career options.  A career in Intellectual Property is a secure one. An intellectual property professional can opt to become a specialist in one of the many Intellectual Property areas like litigation , patent analyst , law firms etc .

By providing you with these carrier options in both corporate law and intellectual property law , I do not want to brainwash you for not pursuing MBA . My main aim was to make you aware about the plethora of career opportunities available in these fields and make it easy for you to chose out of these as per your interest . I would specifically like to add that doing MBA along with having a law degree in your hand will act as a feather in your cap . Corporate law firms would more likely prefer a candidate with both MBA as well as law degree instead of just law . Lastly I would like to conclude by telling you that always pursue the field which you find interesting . Good luck !

Hello aspirant,

Hope you are doing absolutely great.

SO with regard to your query, YES absolutely you can do LLM in Corporate Law. There is not doubt regarding that. After completion of BA LLB, one can write the CLAT PG entrance exam, and try to get admission into the National Law Universities across India for the purpose of admission into the LLM course and take specialization in Corporate Law.

Checkout the following link for any information regarding CLAT PG: https://law.careers360.com/exams/clat-pg

Hope this helps you!!

Hi,

Here are some best private law college offering BA LLb 5 years program.

1. Jindal Global Law school, Sonipat

2. School of law, Dehradun

3. SLS - Pune, Symbiosis law school

4. ICFAI law school, Hyderabad

5. Central law college, Salem

6. AIL - Mohali, Army institute of law

7. Indore institute of law

8. Institute of law, Nirma University, Ahmedabad

9. IMS Law college, Noida

10. SLCU Banglore - school of law, Christ University

To know further information about these colleges you can visit the given link - https://law.careers360.com/colleges/list-of-private-law-colleges-in-india hope this will help you !

Hello

Through CLAT PG 2022 exam student has to secure 95-100 rank for admission in top national universities. For  National law University admission student has to secure at least 85 to 90 ranks inCLAT PG exam. In your rank in clerk PG 5972 there is little hope of chance getting top National University and Government colleges for law. You can admission in the private Law University under the supervision of National Law University or College.GGSIPU Guru Govind Singh Indraprastha University is the First Government Law University established in the year of 1998.  to take admission in Guru Gobind Singh Indraprastha University which is a government university also  is not possible to take admission in your rank.

Dear Student ,

For PG Diploma course , there are total 5 well known colleges in India that offers this course :

  1. Lajpat Rai Law College, Sambalpur
  2. University College of Law, Mohanlal Sukhadia University, Udaipur
  3. Gurugram University, Gurugram
  4. ILI Delhi - Indian Law Institute
  5. NLU Sonipat - Dr BR Ambedkar National Law University


To know more about the colleges as well as the eligibility criteria to get admission in these colleges , refer this :

https://law.careers360.com/colleges/list-of-law-colleges-in-india?ownership=Public/Government&degree=P.G.D&branch=Corporate%20Law

Hope this helps !

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Photography is considered both a science and an art, an artistic means of expression in which the camera replaces the pen. In a career as a photographer, an individual is hired to capture the moments of public and private events, such as press conferences or weddings, or may also work inside a studio, where people go to get their picture clicked. Photography is divided into many streams each generating numerous career opportunities in photography. With the boom in advertising, media, and the fashion industry, photography has emerged as a lucrative and thrilling career option for many Indian youths.

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Producer

An individual who is pursuing a career as a producer is responsible for managing the business aspects of production. They are involved in each aspect of production from its inception to deception. Famous movie producers review the script, recommend changes and visualise the story. 

They are responsible for overseeing the finance involved in the project and distributing the film for broadcasting on various platforms. A career as a producer is quite fulfilling as well as exhaustive in terms of playing different roles in order for a production to be successful. Famous movie producers are responsible for hiring creative and technical personnel on contract basis.

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Copy Writer

In a career as a copywriter, one has to consult with the client and understand the brief well. A career as a copywriter has a lot to offer to deserving candidates. Several new mediums of advertising are opening therefore making it a lucrative career choice. Students can pursue various copywriter courses such as Journalism, Advertising, Marketing Management. Here, we have discussed how to become a freelance copywriter, copywriter career path, how to become a copywriter in India, and copywriting career outlook. 

5 Jobs Available
Vlogger

In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. 

Ever since internet costs got reduced the viewership for these types of content has increased on a large scale. Therefore, a career as a vlogger has a lot to offer. If you want to know more about the Vlogger eligibility, roles and responsibilities then continue reading the article. 

3 Jobs Available
Publisher

For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

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Journalist

Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

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Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

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Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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