A Career in

Corporate
Law

1
 UNIVERSITY OF MUMBAI
DEPARTMENT OF LIFELONG LEARNING AND EXTENSION

CERTIFICATE
Name of the Student: Richi Monani

Class: FY LL.B Div: D Roll No.:211

College: JITENDRA CHAUHAN COLLEGE OF LAW

Address: Mithibai College Campus, 8TH Floor, Bhakti

Vedanta Marg, Vile Parle (W), Mumbai – 400056.

Project: Career

Title: A Career in BSc Finance

Submitted To: DLLE, University of Mumbai

Signature of Student Signature of Teacher

(Richi Monani) (Dr. Sharmila Ghuge)

Signature of Field Signature of the Principal

Co-ordinator of College with Seal
(Dr. Shrima Bannerjee) (Dr. Priya J. Shah)

Signature of the Director, DLLE with Seal

(Dr. Dilip Patil)

2
 Acknowledgements
I would like to thank Dr. Priya J. Shah the I/c Principal of Jitendra Chauhan College of
Law for permitting me to take up Career Planning as a project. I would also like to thank Dr.
Dilip Patil, the Director of DLLE for sensing the need of our generation to extend our support to
the community.

Dr. Shrima Banerjee was a caring field co-ordinator who provided valuable advices as
to how to go about the extension work. I am grateful to Dr. Sharmila Ghuge Assistant Professor
of Jitendra Chauhan College of Law for guiding us throughout our extension work activity and
motivating us to work more all the time.

Last but not the least, I would like to thank Mr. Anand Shaw the Student Manager for
helping us and providing us the necessary support whenever required.

Place: Mumbai

Date: 20.10.2022

3
 A CAREER IN BACHELOR OF SCIENCE (BSc) FINANCE

INTRODUCTION

BSc Finance is an undergraduate program, the duration of which is 3 years. This course is ideal for
students who wish to pursue their career in the field of Accountancy, Financial Management,
Consulting, Investment Banking, Risk Management or any related field in the Finance sector. 

BSc Finance course is basically designed for those students who are enthusiastic about the field of
Finance. This course provides students with a degree of knowledge of concepts such as Financial
Markets, Corporate Finance and Financial Management. The syllabus of BSc Finance program is
well designed to make students valuable professionals for the industry and the market. 

On completion of this course, you can easily become a great Financial Advisor or an Accountant. 

While pursuing this program, students are not only provided with theoretical knowledge of Finance
related subjects but they also get to know the application of these subjects in the Corporate World. 

The syllabus of BSc Finance includes subjects of Business Accounting, Quantitative Techniques,
Management Accounting, Corporate Finance, Debt Markets, Banking, Insurance, Financial
Modelling etc.  

This course is basically a foundation course that will enable students to enhance their basic
knowledge in their field of study.

There are ample jobs for BSc Finance candidates. On completion of the BSc Finance course,
students easily get jobs as an Investment Banker, Financial Analyst, Accountant, Credit Analyst etc.
in numerous private or govt. banks or financial organizations. 

If you have an interest in Banking and Finance then you should definitely look forward to pursuing
this course and move ahead in your career. 

With this program, students are turned into efficient finance professionals with the involvement of a
large number of subjects. 

Students with this degree in good skills can easily get a job with an average salary package ranging
between INR 3,00,000 - INR 14,00,000 per annum.

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 ADMISSION PROCESS

Most of the institutes and universities in India follow an entrance-based admission process for
admission to BSc Finance program. Top BSc Finance colleges such as NMIMS Mumbai, Anil
Surendra Modi School of Commerce, Mumbai etc. offer admission to this program through NPAT. 

The steps of the entrance-based admission process are as follows: 

 Step 1:
Online Registration: Aspirants are required to register themselves for the entrance test by
providing their email address, mobile number and password after which a login id will be
generated. 

 Step 2:
Filling up the application form: After creating the login id, candidates have to fill up the
online application form by providing their personal and academic details and enter the details
of the course they are opting for.
 
 Step 3:
Uploading of documents: In this step, candidates have to upload the necessary documents
such as photograph, signature, id proof, Class 10 and 12 certificates etc. 

 Step 4:
Application Fee: On uploading the requisite documents, students have to pay the requisite
amount of application fee using Credit Card, Debit Card or Net Banking. 

 Step 5:
Download Application Form: After paying the application fee, candidates have to save and
download the form for future references. 

 Step 6:
Issuing of Admit Card: Based on the record of the details submitted by the students, the
admission authority will issue the admit cards to the eligible students.

 Step 7:
Entrance Examination: After getting the admit card, exam dates will be released by
different conducting bodies. Candidates have to sit for the entrance test and qualify the same
to get admission. 

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 Step 8:
Declaration of Result: In the final stage, admission authorities will release the results of the
entrance test they have appeared for.

 Step 9:
Group Discussion and Personal Interview: The selected candidates have to appear for
further admission rounds such as group discussion and personal interview. 

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ELIGIBILITY CRITERIA FOR ADMISSION TO BSC FINANCE COURSE

The minimum eligibility criteria for BSc Finance course are given below: 

 The candidates must have passed Class 12 or any other equivalent examination from a
recognized board with an aggregate of at least 60% marks. 
 Aspirants must have studied Mathematics or Statistics as a compulsory subject in Class 12. 
 Candidate’s age must be below 25 years. 
 Candidates who have completed their Class 12 from Distance Learning are also eligible to
apply to this program provided they have studied under an institute recognized by NIOS. 

7
 Top Entrance Exams for Admission to BSc Finance Course in India

Some of the top colleges and universities which offer this Bachelor’s degree program follow an
entrance exam for BSc Finance program. 

With the help of entrance examinations, colleges/ universities will be able to check knowledge and
ability of the student on the basis of which selection to a particular course takes place. 

One of the top BSc Finance entrance examinations is given below. 

NPAT 2023
This is a national level entrance test which is usually conducted in the month of June but has been
postponed because of COVID-19. This exam offers admission to students to undergraduate degree
programs in the Narsee Monjee Institute of Management Studies. 

Name of Registration Dates Exam Dates

the Exams
NPAT December 01, 2022 – May 21, 2023 January 04, 2023 – May 31, 2023
CUET April 2023 May 21-31, 2023
CUCET November 28 - May 29, 2023 November 28 - May 30, 2023
SET May 06, 2023 (Test 1)
December 10 – April 12, 2023
May 14, 2023 (Test 2)

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 CONCLUSION
BSc Finance Course Highlights
Some of the major highlights of the BSc Finance course are provided in the table given below:
Course Level
Duration of the course
Examination Type
Eligibility
Admission Process
Average Course Fee
 
Undergraduate
3 years
Semester System
Passed 10+2 with an aggregate of 60% marks from a recognised
board with Mathematics/Statistics as compulsory subjects
Entrance based Admission
INR 2,00,000 to INR 3,00,000
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Average Starting Salary
Top Recruiting Organizations
Top Job Positions
INR 3,00,000 to INR 14,00,000
HDFC Bank, ICICI Lombard, Kotak Securities, KPMG India,
PepsiCo, etc.
Investment Banker, Financial Analyst, Accountant, Actuary,
Credit Analyst, etc

INTERVIEW QUESTION FOR CORPORATE LAWYER

A corporate lawyer is responsible for providing legal advice to a company or organization. They
may be involved in a wide range of legal issues such as contract negotiation, intellectual
property, and employment law.
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If you’re looking to become a corporate lawyer, you’ll need to be prepared to answer some tough
questions in your interview. In this guide, we’ll provide you with some common questions and
answers that will help you stand out from the competition.

Some question for interview are:

 Are you familiar with the legal requirements for mergers and acquisitions?

 What are the most important qualities for a corporate lawyer?

 How do you handle stress while working on complex legal cases?

 What is your experience with representing clients in court?

 Provide an example of a time when you had to manage a difficult client or client relationship.

 What would you do if you discovered that one of your clients was engaging in illegal activities?

 How well do you understand our industry and the legal issues that may arise?

 When working on a contract, what is your process for reviewing and analyzing all of the terms and
conditions?

 We want to ensure that our employees are well-informed about company policies and legal issues.
What would you do to encourage compliance and educate employees about legal matters?

 Describe your experience with securities and investment law.

 Which law schools did you attend, and how did they prepare you for a career as a corporate
lawyer?

 What do you think are the most important qualities for a successful attorney-client relationship?

 How often do you update your knowledge of current legal trends and developments?

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 ADVANTAGES OF CAREER IN CORPORATE LAW

 High salary

It's probably unlikely that you'll end up with a high salary, given the hours most lawyers
work. However, the advantages of being a lawyer go beyond just money. You will likely be
able to negotiate your salary more than someone working in an industry where competition is
relatively low.

 Can make an impact on society

Litigation is a tool used by lawyers to fight injustice and to hold those who are powerful and
accountable to society's laws. Along similar lines, governments and corporations are
increasingly turning to lawyers to help them navigate tricky legal issues. Being well-versed
with the legal system, a lawyer knows how to deal with those in power. The authority to
summon even the higher authorities is one of the best benefits of becoming a lawyer.

 Respect is one of the attractive advantages of being a lawyer

As a lawyer, people will look up to you and see you as someone who knows what they are
talking about. Lawyers are in high demand, so people will be willing to pay for your
professional advice.

 Able to take control of own life

Many lawyers go into the profession because they want to make decisions about their future.
Lawyers are in high demand, so you can choose where and how long you work for. You also
have more flexibility when it comes to choosing which clients you want to represent or what
types of cases interest you most.

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 Being a lawyer is prestigious

Lawyers are seen as intelligent and respectable members of society. A law degree will give
you access to the best jobs and opportunities available, which means that you can make your
dreams come true if you try hard enough. Such advantages of being a lawyer apply not just in
the United States but also around the world, making this career choice one that's well worth
considering.

 Notoriety

If you’re lucky and are an exceptional student, you could potentially land a graduate gig at a
major corporation and have the prestige that is associated with working at a big company.
You can work your way up the chain and eventually hold a senior position at a global
corporation that is recognised globally.

 More Specialised

The fact is that corporate attorneys are few and much between compared to litigation
lawyers. This means that there is much less competition for jobs compared to if you were a
litigation lawyer. You may also find corporations and law firms chasing you for your skills
supported your specialised level of experience and knowledge.

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 DISADVANTAGES OF CAREER IN CORPORATE LAW

 Long Work Hours

Corporate attorneys often work long hours, so don’t expect to necessarily work a typical 9-5
schedule. In fact, with the endless stream of corporate duties then you will probably be
working overtime every day.

 Working in Isolation
Don’t expect to be always working with other people. There are going to be many days
where you may be required to work on activities that require little or any interaction with
others. Think of long days rummaging through contracts and other important legal
documents to make sure they’re legally sound.

 Lawyers can’t disclose confidential information

One disadvantage is that lawyers aren't allowed to disclose any information they gained
through their clients in confidence or a private conversation between them and another
person before going into court. Lawyers are bound to not disclose the case-related details to
anyone, even their spouse. This, at times, can be more of a stressful job for many.

 Lawyers are always working on someone's case

There is less time for lawyers to have for themselves, which is one of the significant
drawbacks of this profession. Lawyers always have someone else's case on their mind,
whether guilty or not guilty, innocent or convicted criminal. For most cases, more than half
of each day is spent working.

 Work stress is among the concerning disadvantages of being a lawyer

Being a lawyer is a high-pressure job that takes up a lot of time and has a lot of stress.
Getting through law school is especially hard when you’re only working part-time. Some
lawyers work on cases that are difficult for them to deal with emotionally.

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 Little Compensation

There is little compensation for the work or effort they put in, especially when the case is
lost. Most clients would step back from paying what was talked about before the case was
assigned. Although it may seem like most people would want this job due to all the money
involved, this career typically doesn't pay as much in the beginning.

 Firms hire attorneys with lower labor costs

The increasing rate of outsourcing legal work across borders and the decline in available
positions do not appear to be changing anytime soon. As other nations have a lower standard
of living, earning less money reduces the cost of labor compared to developed countries like
the U.S., meaning opportunities will continue to send jobs overseas or seek visas for regional
delivery centers.

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 RELATED OCCUPATIONS
1. Corporate restructuring
Corporate Restructuring is the process of making changes in the composition of a firm’s one
or more business portfolios in order to have a more profitable enterprise. Simply put it is
reorganizing the structure of the organization in order to make it more profitable and
efficient.Most companies are under the pressure to increase their earnings and revenues. For
this purpose, corporations are often involved in merging with other business, acquiring other
businesses or divesting portions of the existing business. The role of a corporate lawyer is:

 To assist their clients with their appropriate financing for mergers and acquisitions and
provide advice concerning the drafting, negotiation, and performance of contracts for the sale
of portions of the business.
 In acquisitions, the lawyers participate in due diligence checks about the company which has
to be acquired.
 It may involve the attorney reviewing the company finances, employee agreements,
intellectual property, real estate leases, environmental liabilities or any pending litigation
involving the company and advice the buyer or seller about these risks.
 Not only do the lawyers advise the buyer/seller about the risks but also play a major role in
structuring a deal by helping the entity determine of what the portion of the company will be
sold and whether the sale of the company will be structured as the sale of the company’s
assets or sale of a stock of the company.

2. Insolvency & Bankruptcy

Bankruptcy and Insolvency are complex procedures and a host of critical decisions for an
entity. The role of a bankruptcy attorney is to counsel the entity on the bankruptcy process
and whether it is the right decision or not. They also have to adhere to the provisions
mentioned in the Insolvency and Bankruptcy Code, 2016. The attorneys help an entity to take
a closer look at the debts and the assets and the financial condition of the company. The
lawyer is also tasked with the responsibility of conducting evaluation and analysis of the
financial documents and also assist the entity during the filing process.

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3. Refinancing
Involving lawyers in refinancing musters confidence for the entity while dealing with banks
and other corporate financial sources. They can negotiate favorable terms or see the
implications of the proposals the entity might have missed. They assist in easing the situation
and restore a more equitable agreement.

4. Compliance
Another branch of corporate law where a lawyer can practice is compliance. This includes
being a law officer or an in-house counsel to a company to ensure there is a compliance of
rules by the company and its employees. The lawyers can act as a :

 In-house counsel: In-house counsel act as internal advisers on myriad business and legal
issues, including labor and employment issues, intellectual property issues, contractual
issues, and liability issues. They have a different role depending on the type of company they
are counseling for.
 Counseling for publicly held companies: publicly held companies are those which have
their shares registered at the stock exchange such as Bombay stock exchange. The duty of the
corporate lawyer is to be familiar with all the SEBI rules and assist the companies in the
matters regarding the issuance of securities as well as the detailed reporting requirements.
 Counseling for privately held companies: Privately held companies are those in which the
stock is limited and is not available to be traded on the public stock exchange. The role of the
corporate lawyers is to give advice on the formulation and enforcement of contracts, on tax
matters, and even on succession issues, in which attorneys help plan for the orderly transfer
of ownership or management to the next generation of owners.

5. Corporate litigation
Corporate litigation encompasses a lot more than just one business suing another. In fact,
corporate litigation includes any type of legal proceeding having anything to do with a
business or corporation and can include steps taken to avoid litigation as well as actually
litigating and managing business disputes.

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6. Intellectual property rights
This is an emerging field which promises a very huge scope of practice to corporate lawyers.
Intellectual property lawyers are professionals trained in the legislation and regulations that
protect individuals’ creations from intellectual theft. Basically, the role of lawyers is to deal
with everything legal in intellectual property. For industrial property, you might hire an
intellectual property lawyer to help you file an application for a patent or trademark, defend
your patent or trademark, represent your case before a patent examiner or board, or write a
licensing agreement.

7. Banking and finance

A major practice area includes banking and finance which plays a pivotal role in the Indian
economy. The areas where a corporate lawyer can practice in banking and finance includes
Project and Leveraged Finance, Debt Restructuring, Acquisition Finance, Syndicated
Lending, and Structured Products among others. The type of institutions includes public &
private sector banks, financial institutions, multinationals, and non-banking financial
companies.

8. International capital markets

The scope for corporate lawyers in international capital markets is very high. They work
closely with Underwriters, FIIs, Banks, Venture Capitalists, and Asset Management
Companies. They routinely advise clients on the aspects of Initial Public Offerings, Private
Placements, Qualified Institutional Placements, Foreign Currency Convertible Bonds, Global
Depository Receipts and other high-value transactions.

9. Private equity and venture capital transactions

Corporate lawyers working in this niche are required to work on a range of services to private
equity funds – from funds formation and structuring to advising on primary and secondary
investments. The work generally revolves around assisting clients in exits and provide advice
on enforcing contractual rights in contentious settlements. Here the corporate lawyers need to
have an in-depth understanding of India’s unique regulatory landscape and an understanding
of Indian promoters and counterparties will behave in different industry sectors.

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 FUTURE AIM IN CORPORATE LAW

Corporate law is a very powerful and versatile option in the field of law. Both the government
and private sector has ample opportunities for a career in corporate law and the demand of
corporate lawyers is increasing day by day
A lawyer can choose any area of practice in corporate law and excel at it. After pursuing a
degree in corporate law a lawyer can work at an MNC, law firm, asset management company,
banks, insurance companies etc.
There are ample of job opportunities are available in government as well as private sectors. After
pursuing degree in corporate law, you can get job placements in law firms, insurers, banks, asset
managers, etc.If you are interested in teaching field, you can become or appointed as a Teacher
or Lecturer in colleges or universities after completing the masters degree in corporate law.

Some top job profiles are:

 Corporate Lawyer
 Assistant Manager
 Corporate Events Associate
 Professor
 Associate Advocate
 Legal Counsel/Officer

 Employment Areas:
 Corporate Firms
 Law Institutions
 Legal Consultancy
 Law Enforcement Agencies
 Courts or Judiciary

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 CONCLUSION
In conclusion, the corporate lawyer serves a variety of important roles. A corporate lawyer's
responsibilities include ensuring corporate housekeeping (housekeeping typically refers to
documents that involve the day-to-day operations and regular activities of the corporation),
reviewing and evaluating contracts and documents, providing advisory and support to the
company's senior leadership, and rendering views and interpretations of relevant court
judgements.

A corporate lawyer helps businesses comply with rules and regulations, but that is only the
beginning. In reality, everyone starting a business might profit from the services of a corporate
lawyer. One of the main reasons behind this is that a corporate lawyer can help you build and
plan your business for prosperity, even if you do not choose a corporation as your business
structure. That being said, the job profile of a corporate lawyer is equal parts hectic as well as
diverse, and one has to have a challenge-loving mindset in order to excel in this field.

At ten years, corporate lawyers are structuring their own transactions. They have developed
keen judgment and create “big picture” strategies. They know what issues will likely arise for a
particular case and which experts to call to resolve them. As one lawyer said, “I’m a highly
experienced generalist who knows all the right specialists.” Usually, associates have made
partner by this time. With partnership comes management responsibilities. Partners must recruit
and train new associates of the firm, manage the work flow on client transactions, and oversee
the internal affairs of the firm. All this work is on top of their normal billable hours. In addition,
partners must put in time cultivating clients and selling the business. Firm partners are usually
involved in bar association activities, write for professional journals, and speak at national
conferences. The compensation at this level is quite good.

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21
A Career in
Corporate
Law

22
 UNIVERSITY OF MUMBAI
DEPARTMENT OF LIFELONG LEARNING AND EXTENSION

CERTIFICATE
Name of the Student: Poojari Aksha Harish Vinoda

Class: FY LL.B Div: D Roll No.:217

College: JITENDRA CHAUHAN COLLEGE OF LAW

Address: Mithibai College Campus, 8TH Floor, Bhakti

Vedanta Marg, Vile Parle (W), Mumbai – 400056.

Project: Essay

Title: A Career In Corporate Law

Submitted To: DLLE, University of Mumbai

Signature of Student Signature of Teacher

(Aksha Poojari) (Dr. Sharmila Ghuge)

Signature of Field Signature of the Principal

Co-ordinator of College with Seal
(Dr. Shrima Bannerjee) (Dr. Priya J. Shah)

Signature of the Director, DLLE with Seal

(Dr. Dilip Patil)

23
 Acknowledgements
I would like to thank Dr. Priya J. Shah the I/c Principal of Jitendra Chauhan College of
Law for permitting me to take up Career Planning as a project. I would also like to thank Dr.
Dilip Patil, the Director of DLLE for sensing the need of our generation to extend our support to
the community.

Dr. Shrima Banerjee was a caring field co-ordinator who provided valuable advices as
to how to go about the extension work. I am grateful to Dr. Sharmila Ghuge Assistant Professor
of Jitendra Chauhan College of Law for guiding us throughout our extension work activity and
motivating us to work more all the time.

Last but not the least, I would like to thank Mr. Hritik Duwani the Student Manager for
helping us and providing us the necessary support whenever required.

Place: Mumbai

Date: 20.10.2022

24
 A Career In Corporate Law

In the last couple of decades, the field of “corporate laws” as a practice area for lawyers has
flourished quite a lot and in the present time, it seems to be increasing more and more. These
days, a lawyer does not necessarily mean a professional in “black and white” attire carrying a
bundle of files to courts and running back to the chamber in the evening. The main reasons as to
why, young lawyers and fresher law students are getting attracted towards “corporate laws” is
because of high salaries at the start, high profile work, sophisticated work environment, frequent
traveling, etc.

“Corporate Laws” as a practice area is indeed very interesting, high paying, gives exposure to the
corporate world and an opportunity to interact with the big-wigs of the corporate world and with
the recent boom in the start-up industry, the work in “corporate laws” is bound to increase much
more in the future.This also means that the practice of “corporate laws” is no longer restricted to
Tier I and Tier II corporate law firms and much younger and smaller firms are also doing a
decent amount of work in corporate laws.The corporate sector in India has witnessed immense
growth at a very rapid speed. Currently, the corporate sector is the backbone of the Indian economy
and is contributing around 53% of the Indian GDP. the career and growth opportunities in this sector
are ample which is more and more young aspirants are adopting this profession.

The objective of corporate law generally involves overseeing all legal and external affairs matters
including litigation, investigations, compliance, mergers and acquisitions, contract matters and
international trade issues. Corporate lawyers are tasked with safeguarding the legality of commercial
transactions, representing companies and advising corporate employees of their legal rights and
duties. It generally focuses on how corporate and companies interact externally through commercial
transactions and internally through corporate governance. Corporate lawyers are required to carry
out tasks such as due diligence (appraising the business for prospective buyers or partners). They
must also negotiate agreements with different parties and verify all accounts and finances for
business transactions. Another key task corporate lawyers are involved with is navigating
the provisions of a company’s constitution, shareholder and directors’ rights.

25
Most corporate lawyers work in law firms where they will be engaged in drafting agreements for
mergers, acquisitions, joint ventures, and the likes or giving legal advice on labor or corporate
law-related matters. In a survey of 2014, out of 75 students graduating from the national law
school, Bangalore only five to ten students were going for litigation and the rest were interested
in joining a corporate law firm.Corporate Law is being involved in corporate litigation, corporate
advisory in the fields of M&A, Private Equity, Capital Market, Project Financing etc.One big
challenge and question which remains is, whether young law graduates and freshers are ready to
take on this big role and opportunity?

The reason why this question arises and is quite pertinent today is that, unlike a decade back, in
the present times there are many law colleges which have opened in our country and each year
hundreds (even thousands) of law students are graduating.Students from top law colleges
(without going into naming them!) in our country either go abroad or are able to get a decent start
in Tier I and Tier II corporate law firms. But what happens to the students of other law
colleges who want to practice in the field of corporate laws but does not have a backing of a
reputed law college or have a corporate connect in their social circle to give them a break in
Tier I or Tier II corporate law firms, yet are bright and talented enough to work in the field of
corporate laws?

This issue gets further complicated because none of the law colleges (or atleast majority of law
colleges) provide any kind of counseling session to their law students on various aspects of
“corporate laws”.Some of the basic concepts which these students should be completely
aware of while taking an informed decision in the field of “Corporate Laws” are as follows: 1)
What are the various kinds of fields in “Corporate Laws” such as M&A and Private Equity,
Project Financing, Banking, Capital Markets, Information and Technology etc. 2) What kind of
“corporate work” is practiced under each of the above-mentioned areas? 3) What and how to
study to gain knowledge in each or any of the above fields during their last couple of years in
law college? 4) What kinds of jobs are available in the corporate sector beyond “law firms”?
5) How to prepare for an interview for a “corporate law” job?

26
All the above questions are quite pertinent for every aspiring student and young lawyer seeking
entry into “corporate law” to be completely aware of and know the answer. Unfortunately, none
of these questions are part of any law college curriculum or training.In order to make a career in
“corporate laws”, it is not mandatory to have a law degree from top tier law colleges, though, it
definitely helps if one is from a top tier law college.The point here is that the students from other
law colleges also have enough chances and opportunity in “corporate laws” if they do their
homework on time and in proper manner because as mentioned above, there is an increase in
“corporate law” work and many law firms (especially younger ones and smaller law firms) are
looking to increase their corporate law practice.

If one is not able to get a break with any Tier I or Tier II law firm, then, one can always try to
find a break in other smaller law firm practicing corporate law and then after few years of work
in smaller law firm, one can try to move to bigger law firms with work experience.However, as
mentioned above, in order to get into a smaller firm and work there in a manner which increases
the value of personal resume, one is required to understand and know the answers to the
questions mentioned above.In addition to above, there can be other questions as well which are
subjective in nature such as which law firm to choose, whether in-house counsel role in better at
the start or after few years, can one change from litigation to corporate laws, can one shift from
in-house counsel to law firm, etc.Answers to these questions would depend upon an individual`s
experience and would vary from each individual to individual.

Any lawyer who has worked in “corporate laws” for more than 15 years will not only be able to
advice on “what to do” but also on “what not to do” which is equally important to be understood
to take a meaningful career decision in the field of “corporate laws”.A law student who wants to
join the “corporate law”, firstly should know the “field of interest” in corporate laws. In order to
know the “field of interest” in corporate laws, he or she should know the practical work done in
such field such as “project financing” or “capital market” or “M&A and Private Equity” or
“Banking” etc. In order to answer this question, one has to either talk to someone who has
worked in the corporate law sector or do an internship in such area to know the interest in such
field. Relying on the advice of friends who themselves are novice is not advisable.

27
Once one is able to broadly identify his/her “field of interest” in corporate laws, then, start
the homework part, i.e. “self-study” or “self-education”. But then, an important point linked
to this aspect is, what to study? There is so much information available on the internet today that
it becomes difficult to select the topics and it is humanly impossible to read and study everything
related to the said field.

The best way is to start reading and understanding the basic concepts of the said practice area.
Make a note of basic concepts of the subject matter and ensure that substantial research is done
on such basic concepts. The research material can be an article written by an experienced
lawyer.Try to get enough clarity on these basic concepts and also try to learn and understand
other concepts which one may come across in their study. This helps in going from one concept
to another and creates a link.Once basic idea and concepts are clear about the said practice area,
then it is very important to stay updated on the current happenings in the said field of law. This
can consist of two parts, legal updates, and industry updates. It is mandatory for any law
student intending to practice in any particular field of corporate laws to be aware of the latest
updates in law as well as latest industry news on the said given subject.If the student has done
his/her homework properly in understanding the basic concepts, then, it will be easier for such
student to grasp the legal and industry updates.It is not possible to mention all the answers to the
questions,but hopefully, a law student intending to practice in “Corporate Law” is able to get
some clarity.

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 UNIVERSITY OF MUMBAI
DEPARTMENT OF LIFELONG LEARNING AND EXTENSION

CERTIFICATE

SIGNATURE OF TEACHER

SIGNATURE OF FIELD CO-ORDINATOR

SIGNATURE OF PRINCIPAL OF COLLEGE WITH SEAL

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