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Act to resolve

education Updated: Jan 15, 2013 17:36 IST
Corporate lawyers


The lowdown

If the prospect of resolving commercial disputes and structuring intricate corporate transactions excites you, then you can be a corporate lawyer. Corporate lawyers ensure the legality of commercial transactions and advise clients on various aspects of corporate law and related legal provisions. Knowledge of statutory law and regulations passed by government agencies is essential. To structure a business transaction legally, one may need to research aspects of contract law, tax law, accounting, securities law, bankruptcy, intellectual property rights, and licensing. If you don’t wish to pursue partnership in firms, you can make use of your expertise as an in-house counsel for a corporation. You can also go into a related business such as investment banking. Teaching is a good employment option, too

10am: Work begins
10.30am onwards: Meetings, hearings and discussions
1.30pm: Lunch
2.30pm: Work continues
5pm: Drafting, preparation of various documents etc.
9pm: Drafting work continues
10pm: Done for the day

The payoff
Earning potential of a successful corporate lawyer varies according to his/her caliber and the nature of employment. 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. An independent practitioner at senior level can earn Rs. 40 lakh onward per annum

* Knowledge of all statutes, rules and regulations, governing the working of the companies
* Drafting and debating skills
* Ability to foresee situations, which the client may face
* Analytical skill and rational approach to give pragmatic solution in a given situation

Getting there
Humanities courses may be helpful. Sciences are also fine. The two options are: a) The three-year Bachelor of Law (LL.B.) programme, to be taken up after graduation; b) The five-year integrated BA (LL.B.) programme to be taken up after passing class XII. Further on, you can pursue specialisation in various disciplines of law

Institutes and URLs
* National Law School of India University, Bangalore,
* National University of Juridical Sciences, Kolkata,
* Nalsar Law University, Hyderabad,
* Faculty of Law, Delhi University,

Pros and cons
* Financial stability
* Recognition and rewards as motivation
* Time constraints in assigned jobs
* 24 x 7 work schedule

Budding lawyers must scout for placements in organisations that can give them sufficient exposure and experience -- Sunil Tyagi, senior partner, Zeus Law Associates