Want to know how to become a corporate lawyer? Read this page to learn about how to get a headstart in the industry, what corporate lawyers do, average corporate law salaries and more.
What Is Corporate Law?
Corporate law is a highly diverse practice and is integral to both legal and business industries. Also known as company law, it’s one of the most exciting and dynamic areas of legal practice, so its popularity among aspiring solicitor is no surprise. It’s an area that concerns the legal framework shaping business practices and deals with the following, among others:
- Restructuring companies by selling shares and assets
- Listing companies on the stock exchange
- Merging a company with another business (mergers and acquisitions
What Do Corporate Lawyers Do?
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.
These are just a few examples of the wide-ranging work you could be getting involved with as a company lawyer.
How to Become a Corporate Lawyer
To become a corporate lawyer, you must possess certain skills that will help you deal with the multitude of tasks you’ll encounter. It’s also important to have some relevant work experience under your belt to give you the best chance of standing out to potential recruiters in the industry.
The ideal corporate lawyer can demonstrate:
- Excellent knowledge of corporate law
- An awareness of current trends and legislative developments that impact on the sector
- Ambition, and the willingness to go above and beyond
- The ability to build and maintain strong client relationships to promote client loyalty
The first step towards becoming a corporate lawyer in Indore is either completing an undergraduate degree in law or a degree in another subject and then a conversion course. To become a corporate solicitor in Indore, you must then take the LPC and obtain a training contract. If you’re more interested in a career as a corporate barrister, you’ll have to take the BPTC, then complete your training with a pupillage. Those who don’t want to go to university can apply for an apprenticeship or become a chartered legal executive and then specialise in corporate law.