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Business of being legal

education Updated: Sep 22, 2011 11:37 IST
Hindustan Times

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: Rs3 lakh to Rs4 lakh per annum
Middle level: Rs8 lakh to Rs10 lakh per annum
Senior level: Rs25 lakh onward per annum
Independent practitioner Senior level: Rs40 lakh onward.

. 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;
. Faculty of Law, DU
. NALSAR University of Law, Hyderabad

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.