While existing business growing in size and with a large number of new business enterprises opening shop each year, corporate lawyers are on a growth flight which is likely to last many years.
While existing business growing in size and with a large number of new business enterprises opening shop each year, corporate lawyers are on a growth flight which is likely to last many years. Due to the changing economic and social scenario and the ever increasing regulatory role being undertaken by government there is a growing demand for the lawyers. Besides being financially lucrative, corporate law is an adventure and thrilling career option. Amongst the various specialized branches of law such as civil law, criminal law, taxation law, labor law, international law, family law, constitutional law, administration law, patent law, corporate law is one of the most important field. The reason is that within the existing business expanding in dimensions and with a large of business enterprise opening shop each year, corporate lawyers are on a growth flight which is likely to last many years.
Corporate law defines the rules of the games for Business Corporation. And corporate lawyers come into whenever any of the parties involved crises foul- which is extremely common to advise their corporate clients, to argue their cases in courts, draw up business contracts from them and so on. Personal characteristics that are needed to become a good corporate lawyer are: good intellectual ability, the ability to assimilate and ability to assimilate and analyze facts quickly, excellent communication and presentation skills, self confidence, and physical and work related stress.
Lawyers in private practice usually work from long and irregular hours meeting clients, researching, drafting contracts, etc. but their salaried counterparts such as corporate lawyer tend to have saner and more structured work schedule.
In this field of law, the emerging trend is the shift from solo legal practice to well-organized law firms comprising several or even several dozen legal eagles working together as one entity, offering a full range of legal expertise. Thus, for those looking for a career in law, it is a good decision to look at law industries, because corporation customers are more likely to deal with legal firms rather than individual lawyers. With the opening of the market in the last decade, there has been a sea change in the field of corporate law as the rules governing companies are normally rewritten. You can also learn law straight after your graduation or can choose for a 3 year LLB program from recognized institutions after your graduation integrated 5 year law program. BALLB are imparted at over 50 universities in India.