Corporate and Commercial Law is a course that helps the students know more about legal studies with a specialization in commercial and corporate legal functioning. It is a subject that deals with Business Law. The subject focuses on how the laws are undertaken in business and how it is used. The main objective of this course is to teach the students how the Law is handled and how it used in certain circumstances. It provides students with a wide range of opportunities by giving them a deep knowledge of trade and Business Law. Courses offered in Commercial Law are undergraduate degree and postgraduate degree. The minimum course fees for this is from 16k to 2.25 Lakhs and they are poste as Legal counsel, Corporate lawyer, Associate advocate, Civil judge, Legal researcher, Enforcement officer, etc.
Top Colleges:
There are so many colleges and universities in India are offering both LLB and LLM courses. Nowadays students are much more interested in Law courses. Students generally prefer the Govt. Law colleges as the course fee is very less there. Some of the top Colleges offering both LLB and LLM courses are mentioned below.
Highlights:
In the course study of Commercial Law, LLB and LLM courses are offered by many colleges and Universities. The duration of LLB is 3 years and 2 years for LLM. Before applying for this everyone should have clear cut knowledge about the details of this course. The details are mentioned in the below table for an easy understanding.
| Courses Offered | LLB and LLM |
|---|---|
| Duration | 3 year and 2 years respectively |
| Examination Type | Semester-Wise |
| Eligibility | 10+2 LLB and Bachelor Degree in Law for LLM |
| Admission Process | Merit basis and Entrance Test |
| Course Fee | 16k to 2.25 Lakhs |
| Average Starting Annual Salary | 3 Lakhs to 20 Lakhs. |
| Job Profiles | Legal counsel, Corporate lawyer, Associate advocate, Civil judge, Legal researcher, Enforcement officer, etc. |
Courses and Eligibility:
Both LLB and LLM degrees are offered by many Colleges and Universities. When an applicant applies for this, He should be clear enough about the courses, duration, eligibility and top entrance tests conducted for this. Because some times the application is rejected due to the unfulfillment eligibility criteria. Here is mentioned the details about this.
| Courses | Duration | Eligibility | Entrances |
|---|---|---|---|
| Bachelor's degree (LL.B.) | 3 years | 10+2 completed in any stream with a minimum of 45% aggregate marks | AILET, CLAT, AP LAWSET, MH CET, CEE Kerala, etc |
| Master's degree (LL.M.) | 1 or 2 years | completed LL.B. with a minimum of 45% of aggregate marks | CLAT, Delhi University entrance, CEE Kerala, etc |
Top Recruiters:
Law professionals have plenty of Career options. After the successful completion of the course, there is a wide scope of career opportunities where the individual can apply. The career opportunities in the field of Commercial Law are based on the candidate’s performance. Some of the top recruiters are as follows:
- Corporate Firms
- Legal consultancies
- Enforcement agencies
- Judiciary
- Tribunals
- KPO
- LPO
- AZB and Partners
- Khaitan and CO
- J Sagar Associates
- S & R Associates.
Admission Process:
The admission process generally varies across the colleges. The admission process for this is based on the performance in the relevant entrance examination. There are institutes where there is direct admission which is based on the candidate's performance at the last qualifying exam. The admission to Undergraduate(LLB) degree is done on a Merit basis and the admission procedure for a postgraduate degree(LLM) is done on an entrance basis. Common Law AdmissionTest(CLAT) is conducted at the national level for admission into various National Law Universities. Some colleges also give admission to the student on a merit basis.
Syllabus Course:
LLB is a three-year undergraduate degree course having 6 semesters and LLM is a 2-year post-graduate degree course having 4 semesters. The Syllabus is designed in a way so that every aspect of law can be included in the three-year course of study. Focus is given on the areas like Crime, Labour Law, Administrative Law, Civil Procedure Code, etc. The syllabus is the same in every college. The syllabus for both LLB and LLM is tabulated below.
SYLLABUS FOR LLB IN COMMERCIAL LAW:
- Foreign Trade Policies
- Banking and Finance Law
- Philosophy of Law
- E-Commerce
- Corporate Legal Framework
SYLLABUS FOR LLM IN COMMERCIAL LAW:
| SEMESTER-I | SEMESTER-II |
| Company Law | International Trust Law |
| Derivatives in Legal Context | Corporate Social Responsibility |
| International Financial Law | Procurement Law |
| Banking and Finance Law | Competition Laws |
| Commercial Law | Insurance Laws |
| SEMESTER-III | SEMESTER-IV |
| Capital Market Laws | European procurement law |
| Economic Tribunals | Free trade agreements |
| Corporate Legal Freeway | Foreign trade policies |
| Philosophy of Law | Research work |
| Jurisprudence | Dissertation and Viva-voce |
Skills Required:
In every Profession, there the necessity of some required skills. The candidates must have some certain skill sets in order to perform better at the working organization. There are some necessary skills required for the course study of criminal law which are given below.
- Good communication skills
- Numerical ability
- Business awareness
- Responsibility
- Analytical thinking
- Researching skills
- Confidentiality
Top Entrances:
The admission process for LLB is generally done on a merit basis. But the admission process for LLM is done through entrance tests. Students get admitted to different NLUs(National Law University) according to their rank in the entrance test. Entrance Tests conducted both at the national and state level. Some of the top entrance tests are mentioned below.
- CLAT
- AILET
- LSAT
- DU LLB
- ILICAT
- TS LAWCET
- AP PGLCET
Job Prospects:
A career in Law is now very demanding. Law Professionals are highly respected by everyone. After the completion of LLB or LLM, They are posted as Legal counsel, Corporate lawyer, Associate advocate, Civil judge, Legal researcher, Enforcement officer, etc. with a high package of salary. The details about the Job profiles is tabulated below.
| Job Post | Job description | Salary |
|---|---|---|
|
Legal counsel |
represents the organization in legal disputes, advise executives and/or the Board of Directors about legal issues related to the organization's business activities | around 10-20 lacs |
|
Corporate lawyer |
ensure the legality of commercial transactions, advising corporations on their legal rights and duties, including the duties and responsibilities of corporate officers. | 5.5 lacs to 7.5 lacs |
|
Associate advocate |
works closely with clients to manage a case from beginning to end, conducts research to properly advise clients, develops litigation strategies, gathers evidence to support claims, prepares legal documents and represents clients in court | 5 lacs onwards |
|
Civil judge |
presides over a courtroom, hearing evidence, making decisions on motions, instructing juries and making rulings, Judges also read through court documents and may research legal issues. | 5 lacs to 9.5 lacs |
|
Legal researcher |
use library and Internet resources to discover and confirm information relevant to court cases, hearings, depositions, and legal meetings. | 3 lacs to 5 lacs |
|
Enforcement officer |
patrolling streets and car parks, checking regulations are being followed. giving advice to the public on parking regulations and facilities. checking parking tickets and issuing Penalty Charge Notices. | 3.5 lacs to 6 lacs |
FAQs:
Q: Which is the good college to pursue UG & PG in Commercial Law?
A: Some of the best colleges are listed below.
- NLU
- Amity University
- Lovely Professional University
- KIIT School of Law
Q: What is the minimum qualification required to pursue a career in Commercial Law?
A: 10+2 in any stream with a minimum of 45% of marks is the required qualification to pursue a career in Commercial Law.
