Scope of corporate law in India

Gone are the days when litigation and a robed lawyer used to be the only meaning and face of the law in India. Today, the scene is such that the practice of corporate law is truly international in nature thanks to the fact that India is one of the fastest growing economies in the world and a signatory to the WTO or world trade organization.

The legal areas of yesteryear, such as arbitration, and practice in courts and forums, now exist in addition to an equally large number of practice areas in companies such as mergers and acquisitions, company restructuring, joint ventures, real estate, capital markets , intellectual property and collaboration of companies and moorings.

If one decides to go for corporate law, there are not only corporate law firms, but also many corporate houses, and even banks that will host it. The corporate law sector includes work in the fields of taxes, intellectual property, environmental law, banking, and international law. There are as many fields as there are corporate houses, and the legal fields in which you can gain experience are numerous.

Now, I would like to mention the names of some firms that are corporate giants in the field.

1. Amarchand y Mangaldas and Suresh A Shroff and company
2. AZB and partners
3. Khaitan and company
4. J Sagar Associates
5. Law Offices of Luthra and Luthra
6. Trilegal
7. Desai and Diwanji
8. Talwar Thakore and Associates and the list goes on.

Promising areas at these firms are competition law, media law, and real estate, among others. These are some of the areas in which toppers from various law schools are interested. The work that is the backbone of corporate law is the negotiation and drafting of contracts. Also, one must possess excellent communication skills and a good argumentative personality.

If you want to become a role model attorney, you must have the following skills in one. These skills are being a business consultant, arbitrator, and negotiator together at the same time.

What clients want from an attorney is their ability to create watertight contracts that give the client a 100% guarantee that they will not be dragged into court.

Now let’s take a look at some of the advantages of practicing corporate law over litigation. The first factor is that, in litigation, the greatest dominance is held by established senior lawyers and the gestation period is too long, that is, for the most part, one will spend a whole decade before one can be recognized in the field. of litigation and, in the business field, its beginning in itself is great.

Also, the down payment package in a company is 10 times larger than the initial package in litigation, so if you are planning litigation, you must be prepared to work for little money for a long time and will depend on someone else for your financial needs. .

In addition to all this, it should not be forgotten that the avenues of corporate law are destined to continue to increase with changes in demand and supply at the international level, so the avenues in corporate law are only going to increase.

Another important reason one can think of corporate litigation is that corporate clients come from various countries and you have the opportunity to work abroad when you go to the site.

In addition, in corporate you can choose your area of ​​expertise and deliver results and acquire a name in your firm and in the chosen field.

The last and most important thing is that one can participate in important strategic decisions related to the operation of a company while working in a company.

The bottom line is that the face of law in India has completely changed over 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 the avenues of the Corporate law is now at par with the options in dispute so that one can safely assume that he is doing the right thing when choosing to pursue a career in a company.

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