Things you will learn in this Blog are as follows;
- Introduction
- What is the purpose of Corporate law?
- What are the areas of Practice of Corporate Law?
- Mergers & Acquisitions
- Venture Capital
- Project Finance
- Intellectual Property
- How to Make a Career in Corporate Law?
- Skills required for Becoming a Corporate Lawer
- Conclusion
Introduction: Corporate law is a field of law that deals with both corporate and legal fields. Every organization whether small or large, there all functions need to be law compliant such as mergers and acquisitions, patent filing and international operations, they all should be done lawfully for the company to run smoothly and efficiently. Therefore, every individual, company and organization hire either a law firm or a team of lawyers. The lawyer who is responsible for supervising the whole process in any organization is the one who has complete knowledge of the corporate world as well as all the laws, that’s why various organizations hire corporate lawyers. As the number of startups is increasing in India day by day, so does the demand for corporate lawyers is increasing, and this field is also very highly paid which attracts most young law graduates to the field of corporate law. To grasp complete knowledge of how to make a career in Corporate law, many law aspiring students opt for online law certification courses, as the platforms offering these courses with the help of top legal experts help law students and provide career guidance to them.
What is the purpose of Corporate law? Corporate lawyers are experts in commercial or corporate law, they work on different legal issues related to complete business practices. Corporate law is generally associated with supervising all legal and external affairs matters. Corporate lawyers are trusted with guarding the lawfulness of commercial transactions, representing companies, and advising corporate employees regarding their legal rights and duties. In order to fulfil this objective, a corporate lawyer must know how to create a balance between the company and the legal industry. Many young law aspirants start their careers in the reputed firm of corporate law as these firms accept young talent and enhance their capabilities. With the increase of crimes such as white collar crime, the need for a corporate lawyer has risen significantly, many companies also establish in-house counsel. Thus corporate law is one of the most lucrative career choices in India with more future prospects.
What are the areas of Practice of Corporate Law? The specialization of Corporate law is very wide, as this law deals with every aspect of a company’s and organization's functioning. It is not possible for everyone to specialize in every area of corporate law, so many students choose online legal certification courses to complete specialization in any one or two practice area of corporate law, as a recruiter tend to hire people with deep knowledge of one particular area, and relevant efficient skills. The certification courses and various Bootcamps and workshops work as career guidance for law students, some of the practice areas of Corporate law are as follows;
Mergers & Acquisitions: Mergers & acquisitions are well-known elements of corporate strategy, corporate finance, and management. The process enables involved entities to grow rapidly in their area or it may help the entities flourish in a new field. A corporate lawyer plays a significant role in this whole process. They have to have the ability to deal with all sizes of the company and have to know every strategy of buying and selling a company or company's assets. This is a complicated yet very exciting field, many law aspirants are aspired by triumphant corporate lawyers and hope to become like them.
Venture Capital:This area of Corporate law deals with startups, primarily Venture capital is a form of financing that an investor provides to start-up companies which have the potential for long-term growth. A corporate lawyer in this area has to keep their vision comprehensive as they have to work on very crucial matters as well as they ought to have a good vision. This requires a lot of skills, in order to gain those skills many law learners, opt for the best online law certification courses.
Project Finance: This practice area of Corporate law deals with the Financing of long-term projects. In order to excel in this area, a Corporate Lawyer must have complete knowledge of finance and contract drafting. A Corporate lawyer has to negotiate the term and conditions of the contract and not only that they have to go through every single document, but every transaction during the project and every change of plan must also be first-handly discussed by the corporate lawyer. This shows the responsibility a corporate lawyer holds, it may sound like a difficult task now but after gaining in-depth knowledge and understanding, as well as required skills and practice, a corporate lawyer handle it very smoothly.
Intellectual Property: Intellectual Property law is a field of corporate law which is for persons who love innovation and have an interest in creativity. The role of intellectual property law is concerned with legal rights related to intellectual, innovative and creative work. They deal with trademark, patent filing, litigation, and Copyright filing. Depending on the type of company they are working for an Intellectual property lawyer works in different areas and with different people. In order to possess career-based guidance on the things related to intellectual property law, many law students are advised to choose online law certification courses in India as along with knowledge it also gives them certification as evidence.
Other than these areas there are many other practice areas of corporate lawyers also, which include Litigation and Arbitration, Corporate Governance, Capital Market, Investments Funds, Private Equity, Real Estate, Dispute Resolution, Insolvency and Bankruptcy and many more. Different law firms in India, have practices and expertise in these practice areas, so a law graduate with extensive knowledge of any of these practise areas can get job opportunities in the big law firms in India such as; Shardul Amarchand Mangaldas And Co, Khaitan and Co., Talwar Thakore and Associates etc.
How to Make a Career in Corporate Law? After completing the 12th class, an individual who aims to become a corporate lawyer can either choose the 5-year law degree or a 3-year law degree. Then during graduation, law students can get internships in various law firms, business organizations, and senior advocates, with the help of these internships one can get work experience and also build several skills such as critical thinking, and time management. Along with all these, many law aspirants also do specialization courses through various online legal certification courses. After completing graduation and also getting certificates in different specializations and internships certificate one can get a job in their desired law firm and they can also start practising independently.
Skills required for Becoming a Corporate Lawyer: To become a successful corporate lawyer in India, a law aspirant must possess certain skills, with the help of these skills they can prove their credibility and these skills also help them in future reference. Some of the skills are as follows; Negotiation skills, Mediation and persuasion skills, Communication skills, reading and writing skills, Problem-solving skills, analytical thinking, detail-oriented, creativity, Complete knowledge of corporate law, Always ready to learn something new, being up to date, excellent judgement skills, Perseverance and interpersonal skills. An individual with all these skills can become a successful lawyer. It’s not possible to learn all these skills at once but with time, hard work and proper practice one can possess all these skills.
Conclusion: Job opportunities in corporate law are not only limited to the private sector, even the public sector requires efficient corporate lawyers to help establish certainty in the government sector. Even in the Private sector the numerous top-tier law firms, Multinational companies, and Start-up ventures, are in dire need of corporate lawyers. But the main question here is what specialization should a law aspiring lawyer choose in the field of corporate law, there are many of them and each has its own importance and demand. To help the learner in this confusion many online legal learning platforms often organise workshops, webinars, and Bootcamp with the help of top legal professionals, and help learners interact with them and clear their confusion and gain insight from them.