How to Become a Corporate Lawyer in India? Beginner’s Guide in 7 Steps

Becoming a corporate lawyer in India is a sought-after career path that combines rigorous academic training with legal expertise. Corporate lawyers play a critical role in navigating complex business transactions, ensuring regulatory compliance, and advising on corporate governance. A career in corporate law demands a thorough understanding of corporate law, exceptional analytical skills, and the ability to handle high-stakes negotiations. However, one of the persistent questions among prospective law students is “How to Become a Corporate Lawyer?” and what are the skills and qualifications required  for this high stakes, high-paying profession?

One of the first steps to becoming a corporate lawyer is to obtain a law degree, followed by passing the Bar Council examination. However, this is only the tip of the iceberg when it comes to becoming a top shot corporate lawyer! You will need to gain practical experience through internships, advanced education, and specialized certifications to enhance your portfolio as well as build a robust professional network to attract the right opportunities. 

So, whether you're drawn to the fast-paced world of mergers and acquisitions or the intricate details of compliance and governance, becoming a corporate lawyer in India is a lucrative career option for law students and professionals. Let us find out everything you need to know about How to Become a Corporate Lawyer in India in this blog!

What is Corporate Law?

Corporate law, also known as company law, governs the formation, operation, and dissolution of corporations. This type of law encompasses a wide range of legal practices related to the internal governance of businesses, mergers and acquisitions, compliance issues, and corporate disputes. A corporate lawyer’s role involves providing legal advice on company operations, drafting contracts, ensuring regulatory compliance, and representing corporations in legal matters. 

For example, when a company plans to merge with another, corporate lawyers play a crucial role in negotiating the terms, performing due diligence, and ensuring that all legal requirements are met. They may also handle disputes that arise between companies or between companies and their stakeholders.

Know more about pursuing a Career in Law.

What Does a Corporate Lawyer Do

Are all corporate lawyers in the likes of Harvey Specter and is working at a top law firm all about glass ceiling offices? Not quite. While the hit TV show Suits portrayed high-profile corporate attorneys painted in glamour, the reality of this profession is more nuanced. Corporate lawyers do not spend their days in dramatic court trials. The work of a corporate lawyer entails crucial behind-the-scenes jobs to help businesses achieve their goals.

• From advising companies on legal compliance and strategies to reviewing contracts and negotiating deals, corporate lawyers play a supportive yet significant role. 

• They assist clients in navigating complex regulations, tax laws and other corporate matters using their expertise in corporate and commercial law. 

• Unlike the high-octane, drama-filled scenarios depicted on Suits, these attorneys resolve most matters through settlement discussions rather than courtroom showdowns.

• While long hours and tough workload may come with the job, the high-stakes nature also attracts ambitious professionals. 

• Top lawyers do earn lucrative paychecks to match their skillset. However, the path is long and competition intense. 

Corporate law involves meticulous research, prudent counsel and careful risk-assessment – realities not always reflected in popular shows. So the next time one wants to learn about this consequential career, it may be best to look beyond Pearson Specter Litt!

Types of Corporate Lawyers

Within Corporate Law, there are various specializations, each focusing on different aspects of corporate operations. Some common types are –

• Mergers and Acquisitions (M&A) Lawyers – Specialize in guiding companies through complex transactions involving the buying, selling, or merging of businesses. They handle negotiations, due diligence, and drafting of deal documents.

• Compliance Lawyers – Ensure that corporations adhere to laws and regulations. They develop compliance programs and conduct internal audits to prevent legal violations.

• Corporate Governance Lawyers – Focus on advising companies on the rules and practices that govern corporate management. They help in setting up boards, drafting corporate policies, and ensuring that the company’s operations are in line with legal standards.

• Intellectual Property (IP) Lawyers – Manage issues related to patents, trademarks, and copyrights. They protect the company’s innovations and branding from infringement.

How to Become a Corporate Lawyer?

Becoming a corporate lawyer involves a structured path of education, practical experience, and skill development. It requires a strong academic foundation in law, supplemented with real-world legal experience and specialized knowledge in corporate law.

If you’re a law student or professional looking to build a career in corporate law, follow the steps given below to become a corporate lawyer after completing class 12th –

Step 1 – Obtain a Law Degree

The first step is to earn a Bachelor of Laws (LLB) degree from a recognized university. This typically takes 3 years if pursuing a postgraduate degree or 5 years for an integrated program. This degree provides a fundamental understanding of various legal principles, including corporate law.

Step 2 – Pass the Bar Council Examination

After completing your LLB, you must pass the Bar Council of India’s examination to become a licensed attorney. This exam tests your legal knowledge and understanding of ethical practices. Successfully passing this exam is one of the minimum requirements for practicing law in India.

Step 3 – Gain Practical Experience

During or after your studies, gaining practical experience through internships or clerkships at law firms or corporate legal departments is essential. This hands-on experience helps you apply theoretical knowledge, understand real-world legal issues, and build professional connections.

Step 4 – Pursue Specialization or Advanced Education

While not mandatory, pursuing a Master of Laws (LLM) with a focus on corporate law can enhance your expertise. Specialized certifications in areas such as mergers and acquisitions, compliance, or intellectual property can further refine your skills and increase your marketability.

Does becoming a Corporate Lawyer interest you? The Legal School in collaboration with IndusLaw has created a unique 4-month program for a Certification in Mergers & Acquisitions, Private Equity and Venture Capital Laws for fresh law graduates as well as professionals looking to advance in their careers! Enquire now for details!

Step 5 – Develop Essential Skills

Being a successful corporate lawyer requires far more than a law degree. You will need strong analytical skills, excellent communication abilities, and a thorough understanding of corporate law and regulations to fare well in your career as a corporate lawyer. Skills in negotiation, strategic thinking, and attention to detail are also crucial for handling complex corporate transactions and legal matters.

Step 6 – Network & Build Professional Connections

Networking is vital in the legal profession. Engage with professionals through legal conferences, seminars, and industry events. Building a robust professional network will open doors to new job opportunities, mentorship, and valuable insights into the corporate legal landscape.

Step 7 – Apply for Jobs & Start Your Career

Once you have completed your education and gained relevant experience, start applying for positions in law firms, corporate legal departments, or governmental agencies. Tailor your resume and cover letter to highlight your expertise and experience in corporate law to secure your first role as a corporate lawyer.

Also read – How to Become a Data Protection Officer?

Minimum Qualifications to Become a Corporate Lawyer in India

After completing Class 12th, you will need to take up the CLAT/ LSAT or equivalent entrance examinations to enroll in a Law college. The following are the minimum educational qualifications required to embark on a career as a corporate lawyer in India –

Top Skills You Need to Become a Corporate Lawyer

To excel as a corporate lawyer, having technical legal prowess alone is not sufficient. One must complement their qualifications with versatile personality attributes and soft skills to navigate complex business relationships and deals. The ability to work smart and think on your toes sets the groundwork for becoming top corporate lawyers. Some of the most important skills required to succeed as a corporate lawyer are as follows –

• Research & Analytical Skills – A lawyer must skillfully research case laws, statutes and contracts to uncover quality inputs for crafting strategies.

• Interpersonal & Communication Skills – Effective listening, verbal expression and negotiation are pivotal for consultations, discussions with clients and resolving disputes.

• Drafting & Documentation – Proficiency in drafting contracts, deeds, MoU, notices and various legal papers meticulously is needed.

• Client Management – Building high trust takes empathy, confidentiality and responsiveness to address client objectives proficiently.

• Problem Solving – Identifying nuanced issues requires logical, lateral thinking to devise pragmatic, value-driven solutions case-by-case.

• Attention to Detail – Lawyers should have sharp focus, vigilance and fine-tuned accuracy while handling paperwork, timelines and due diligence.

• Ability to Multitask – Juggling multiple ongoing matters, time pressures and shifting priorities demands strong organizational chops.

• Negotiation Skills – Essential for negotiating deals, settlements, and drafting contracts that align with your client’s best interests.

• Business & Commercial Acumen – Understanding corporate goals, financials, processes and industry contexts adds an edge.

As a corporate lawyer, you also need to mitigate risks, and deal with stakeholders such as clients, regulators and investors. The ability to work efficiently under tight deadlines is also crucial as seen in Suits where lawyers close deals within limited time frames.

How Much Time Does It Take to Become a Corporate Lawyer?

Becoming a corporate lawyer typically takes around 5-7 years. This includes completing a 3-year or 5-year LLB degree, followed by passing the Bar Council of India’s examination. Gaining practical experience through internships and work placements during or after your studies is essential. Many aspiring corporate lawyers also pursue an LLM or specialized certifications, which can add an additional 1-2 years.

Salary of a Corporate Lawyer

While it is no doubt that becoming a corporate lawyer is one of the highest paying careers in law in India, the salary packages will vary based on experience, location, and the size of the firm or corporation. On an average, corporate lawyers can bank the following figures based on years of experience –

• Entry-Level Associates – ₹6-10 lakhs per annum.

• Mid-Level – ₹12-20 lakhs per annum.

• Senior-Level or Partners – ₹25 lakhs and above per annum, potentially reaching ₹50 lakhs or more in prestigious firms or multinational corporations.

Career as a Corporate Lawyer – Scope & Growth Opportunities

In India and globally, the corporate services market is growing at a fast pace with robust career prospects for lawyers. There is lucrative demand from firms across industries for specialist legal advice. The scope of corporate law and growth opportunities within the field are as shown below –

1. Corporate lawyers can specialize in diverse practice areas, including M&A, compliance, intellectual property, and more, providing a dynamic career path.

2. With experience, corporate lawyers can progress to senior positions, such as partners in law firms or general counsel roles within corporations.

3. Corporate law is a field with international relevance, offering opportunities to work with multinational corporations and law firms worldwide.

4. The field is constantly evolving with new regulations and business practices, ensuring ongoing professional development.

5. Besides law practices, corporate lawyers can advance to leadership roles within the legal departments of large conglomerates. 

6. Others may establish their own successful consulting firms or embark on adjunct teaching and writing. 

7. Networking, specialization and continual skills upgrade can take one's career to greater heights over the years.

Difference Between Corporate Law & Commercial Law

Corporate law and commercial law are often used interchangeably, but they focus on different aspects of business law. Corporate law primarily deals with the legal issues related to the formation, management, and dissolution of corporations. In contrast, commercial law covers a broader spectrum of legal principles governing commercial transactions and trade practices. 

For instance, corporate law might address the legalities involved in restructuring a company’s board, while commercial law would focus on ensuring that the terms of a sales contract are fair and legally binding.

Let us understand this difference in detail below –

How to Become a Corporate Lawyer? FAQs

1. What are the essential educational qualifications to become a corporate lawyer in India?

To become a corporate lawyer in India, you must complete a Bachelor of Laws (LLB) degree from a recognized university. An advanced degree such as an LLM in corporate law is advantageous. Passing the Bar Council of India’s examination is also required to practice law.

2. Is practical experience necessary for a career in corporate law?

Yes, practical experience is crucial. Internships and clerkships during law school provide hands-on experience with corporate legal matters. Gaining work experience in law firms or corporate legal departments helps in developing practical skills, understanding real-world applications of corporate law, and building a professional network.

3. What skills are vital for a successful corporate lawyer?

A successful corporate lawyer should possess strong analytical and problem-solving skills, excellent communication abilities, and a deep understanding of corporate law. Proficiency in negotiation, attention to detail, and strategic thinking are also essential for handling complex corporate transactions and disputes effectively.

4. Are there specific certifications or exams required beyond an LLB to practice corporate law?

While there’s no specific national certification for corporate lawyers, passing the Bar Council of India’s examination is necessary. Additional certifications in corporate law or related fields from recognized institutions can enhance your expertise and job prospects and demonstrate advanced knowledge in specialized areas of corporate law.

5. How does networking impact a career in corporate law?

Networking plays a significant role in a corporate lawyer’s career. Building relationships with industry professionals, attending legal conferences, and participating in industry events can lead to job opportunities, mentorship, and valuable insights. Networking helps in staying informed about industry trends and expanding your professional connections.