FLAIR TALK|November 2019
Until about a decade ago, litigation was the only default option for students taking up law as a career, with some joining law colleges as a precursor to a political or civil services career. With the opening of national law schools across the country, imparting a higher quality of education, it has become a career of choice for young students who wish to specialize in corporate law or in litigation. We can give credit of this changing nature of legal profession to the rampant LPG reforms. The globalization of the economy and its rapid growth has also contributed to the tremendous growth of corporate law, both in-house counsel and in law firms as a good career opportunity.
Corporate law is a comparatively new field, where growth and career options are in abundance. The corporate lawyers are employed in a lot of bigger organizations and hence this field of the legal profession is opening up a lot of options in careers and professions for young law aspirants.
This is a specialization of the legal profession that focuses on corporations and companies. A corporate lawyer has to represent this organisation in all kind of works. They can be appointed in myriad organisations including corporations, associations, joint ventures, sole proprietorship and even partnerships. A corporate lawyer focuses on how the corporation and companies interact externally through commercial transactions and internally through a good corporate governance. The corporate law covers a broad range of topics and corporate lawyers often specialize in one or more areas. These areas include tax law, bankruptcy, intellectual property, zoning or securities. Most corporate lawyers work for a corporation, but some are self-employed or work for a law firm. They are also involved in safeguarding the organisation’s widely spread businesses. Corporate lawyers thus become a vital instrument in the working of this system as they specialize in the laws pertaining to companies, organisations, businesses, etc.
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