Career As A Corporate Lawyer

Students entering the field must spend initial years in courtrooms understanding litigation before taking up corporate practice, says Dr. Saif Mahmood, Advocate, Supreme Court of India.

The Lowdown

Corporate law regulates all matters, from the birth of companies to their dissolution. It involves the study of law that regulates working of incorporated bodies. Corporate law does not restrict to the Companies Act only but applies to allied legislations. Corporate law addresses incorporation, corporate capital, relations between corporate managers and stakeholders, corporate restructuring etc.

Clock Work

10.00 am: Work at office begins

10.30 am onwards: Meetings, hearings, discussions.

2.30 pm: Work continues

5 pm: Drafting, preparing documents etc.

10 pm: Bound for home.

The Payoff

• Entry level: Rs 3 lakh to Rs 4 lakh per annum
• Middle level: Rs 8 lakh to Rs 10 lakh per annum
• Senior level: Rs 25 lakh onward per annum
• Independent practitioner Senior level: Rs 40 lakh onward.

Skills/Traits

• Good knowledge of all statutes, rules and regulations, notifications, governing the working of the companies
• The ability to foresee various situations, which the client may face.

How Do I Get There?

• Opt for either the three-year Bachelor of Law (LL.B.) programme, to be taken up after graduation, or the five-year integrated BA LL.B. programme to be taken up after passing class XII.

Institutes & URLs

• NLSIU, Bangalore; http://www.nls.ac.in/
• Faculty of Law, DU, http://www.du.ac.in/show_department.html?department_id=aw
• NALSAR University of Law, Hyderabad, http://www.nalsar.ac.in.

Pros And Cons

• Financial stability
• Opportunity to work on variety of legal issues
• You are not your own boss (if employed by industry/law firm)
• 24 x 7 work schedule.

Source: HT Horizons

Date: 18th February, 2011

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