Keywords: Corporate law #MNCs#Law career#corporate lawyer
The corporate sector has shown exponential growth in the last decade which has resulted in opening up new opportunities and avenues. The last two years have been extremely difficult for the corporate and commercial world due to the Covid-19 pandemic but it has also highlighted various opportunities and loopholes in this sector. Due to all these reasons being a Corporate Lawyer is a promising and lucrative avenue for law students.
Corporate law is a study of the legal and external affairs of a company, mergers and acquisitions, and how the shareholders, stakeholders, consumers and other parties are involved and interact with each other. the job of a corporate lawyer is to guide the corporate or the company on all the issues mentioned above. The job of a corporate lawyer may seem to be very glamorous from the outside but it is definitely very demanding and competitive.
To choose corporate law as a career option you would need to pursue a bachelor’s in law. Doing a master’s in law with a specialization in corporate or business laws is definitely an advantage but not a mandatory requirement to practice it. And since it is a competitive field, a corporate lawyer needs to be well versed and thorough with business law and its related areas such as insurance law, international trade law, intellectual property law, environmental law, human rights law, compliance, diligence, etc.
A law student should also keep in mind that while pursuing a bachelor’s degree they should undergo a lot of internships in different corporate companies in order to get that exposure and get the practical experience. These internships do help the student later secure a good job for them.
Even after choosing corporate law, any law student has varied options like
being an in-house counsel of a particular company or corporate, being empanelled in different companies and advising them or just doing litigation with specialization in company matters. A good corporate lawyer will be able to protect the business from serious legal consequences and also advocate the best interest of the company.
Corporate law is also considered one of the most lucrative fields in law due to the following reasons:
*There are a number of companies emerging every year who need a lawyer as their support system
* The remuneration involved is very high
* Prestige is also attached to this field
* Gives you an opportunity to be a leader
* Diverse opportunities like tax, mergers, risk assessment, compliance, insurance, etc.
On the whole, corporate law as a field of law has great potential. To work as a corporate lawyer is enriching, unique and exciting knowing the dynamic nature of this field.
