Opportunity For Corporate Lawer In India - LPT Lucknow

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Gone are the days when litigation and a robed lawyer were the only meaning and face of law in India. Today, the scene is such that the practice of corporate law is truly international, thanks to India being one of the fastest growing economies in the world and a signatory to the World Trade Organization (WTO).

The areas of law of yesteryear, such as arbitration and court and forum activity, now exist alongside an equally large number of areas of corporate law, such as mergers and acquisitions, corporate restructuring, joint ventures, real estate, capital markets, intellectual property and corporate collaboration, and business combinations.

If you choose corporate law, there are not only law firms but also a great many companies and even banks that will take you on. The field of corporate law includes jobs in tax, intellectual property, environmental law, banking, and international law. There are as many areas as there are companies, and the areas of law in which you can gain expertise are numerous.

I would now like to mention the names of some companies that are giants in this field.

1. Amarchand and Mangaldas and Suresh A Shroff and associates 2. AZB and associates 3. Khaitan and associates 4. J Sagar Associates 5. Luthra and Luthra law firms 6. Trilegal 7. Desai and Diwanji 8. Talwar Thakore and associates and the list goes on.

The promising areas in these law firms include competition law, media law and real estate law. These are some of the areas that the best graduates from various law schools are interested in. The work that forms the backbone of corporate law is negotiating and drafting contracts. You also need to have excellent communication skills and good reasoning ability.

If you want to become an exemplary lawyer, you must have the following skills in you. These skills are those of a business consultant, an arbitrator, and a deal maker all at once.

What clients look for in a lawyer is his ability to create watertight contracts that give the client a 100 percent guarantee that he will not be dragged into court.

Now let us look at some of the advantages of corporate law practice over litigation. The first factor is that litigation is dominated by established, experienced lawyers and the gestation period is too long, i.e., you usually spend a full decade before you are recognized in the field of litigation, whereas in corporate law itself you have a great start.

Also, the initial compensation in corporate is ten times higher than the initial compensation in litigation. So if you plan to litigate, you must be prepared to work for a long time for little money, and you will be dependent on someone else for your financial needs.

In addition to all of this, it is important to remember that opportunities in corporate law will continue to increase with changes in demand and supply internationally.

Another important reason why you should choose corporate over litigation is the fact that corporate clients come from different countries, and you have the opportunity to work abroad when you are on the ground.

Also, in the corporate field, you can choose your area of expertise, deliver results, and make a name for yourself in your company and in your chosen field.

The last and most important point is that when you work in a company, you can participate in important strategic decisions related to the management of the company.

The conclusion is that the face of law in India has completely changed in the last decade and not only are good corporate law firms flourishing in India, but even foreign law firms are coming to India to hire, and opportunities in corporate law are now on par with opportunities in litigation, so you can safely assume that you are doing the right thing if you choose a career in corporate.