Corporate Law in India | Know about the Best Corporate Law Salary

Many aspire to become a corporate lawyer, mainly because of the legal career one can make out of it and the high-paying jobs that are waiting for the right candidate in the ocean of opportunities. As a corporate lawyer, one can get jobs in India's public and private sectors in prominent legal firms like Vidhinyas Solicitors & Associates. 



A corporate lawyer is responsible for giving legal advice, drafting the policies, and ensuring that the work is being operated within the legal limits of an organization. While the possibilities seem endless, there are some questions that one often tends to ask about becoming a corporate lawyer.

 

What Is The Eligibility Criteria To Become A Corporate Lawyer In India?

 Like other competitive professions in India, one has to meet basic eligibility criteria to become a corporate lawyer.

 

●     The candidate must have completed graduation in a three-year LLB degree course or five-year integrated courses like BA LLB, BCOM LLB, BBA LLB, etc.

●     A postgraduate degree of LLM from a recognized university is a plus.

●     Experience of a few internships is a must.

 

Types Of Job Roles Of A Corporate Lawyer

If a candidate meets the basic eligibility criteria, they can proceed to look for opportunities suitable for them in the job market. While there are many sectors like Law Firms, Law Institutions, Corporate Firms, Courts, Law Enforcement Agencies, and Consultancies, as a corporate lawyer, a candidate has two options after completing the law degree. 

Either to work at a law firm or an organization or company. While the job responsibilities in both sectors vary a lot, either of them can be a good first step in your corporate law career. The several job roles offered to a corporate lawyer are:

 

●     Associate: An associate is a junior or senior attorney at a law firm. Associates work under the partners to manage legal work for their clients.

●     Senior Associate: An associate is promoted to senior associate after they have worked for a specific amount of years in the field while working responsibly. Senior associates deal with bigger clients and have a team working under them.

●     Partner: A partner is one of the crucial members who take charge of the administrative services of a law firm.

●     In House Counsel: An In House Counsel is a corporate law advisor who works to ensure that the work in an organization is being executed under the law's legal limits.

●     Industry Expert: An industry expertise ensures that the organization is functioning smoothly. Industry experts tend to handle more complex responsibilities than In House Counsel.

●     Chief Legal Manager: A principal legal manager is the designated Corporate Lawyer of the company who takes care of every legal matter. They also act as the face of representation of the company.

What Is The Growth In Corporate Law Salary?

With the responsibilities and experiences over the years, the salary of a corporate lawyer relies totally upon the organization, sector, and years of experience. For a fresher, the average corporate lawyer salary in India is between INR 3 Lakhs to INR 5 Lakhs per annum. 

While for an experienced individual, the average increases from INR 10 Lakhs per annum to INR 15 Lakhs per annum. The difference in salary can result from many elements, including sector, organization, university of graduation, city of work, and work experience. For example, corporate law firms in Delhi pay more to their lawyers than firms in Lucknow, Patna, or other 2-tier cities.

 

Conclusion:

Summing up the above, a career in Corporate Law seems beneficial for a law aspirant in the short and long run. While the perks include a good salary, the cons include work pressure and a pile of problem-solving in different litigation cases. As a corporate lawyer, you can either get a job at a law firm like Vidhinyas Solicitors & Associates, or in a corporate company like the MNCs.

 

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