Corporate law is also referred to as Corporation law and company law. It relates to the study of various stakeholders in the company. It is basically the specialization of the legal profession which focuses on companies or corporations and how they interact internally through corporate governance and externally through commercial transactions. It includes rules, practices and regulations that govern operation of corporate firms. Corporate laws regulate corporations, employees, investors, shareholders, creditors and other stakeholders. A corporate lawyer has a multi-faceted role with various responsibilities including a blend of operational and supervisory role. Corporate lawyer counsel’s clients and handles business transactions like negotiation, drafting etc. Aspirants can pursue Under-Graduation as well as Post- Graduation level in the field of corporate law.
Law as a career is a great option for students who are looking for higher studies after senior secondary education. The eligibility criteria for corporate law courses different for every college. Candidates who want to opt for a five-year integrated course with specialization meet eligibility criteria for the course if the individual has completed class 12 with passing marks. Eligibility criteria for corporate law courses offered at PG level is such that a candidate must complete a five-year integrated law course or possess an equivalent degree. The Subjects or the topics taught for corporate law varies from college to college.
Corporate law is a strong and versatile career option with traits which make it an excellent career option. It has ample job opportunities in government as well as private sectors. Candidates pursuing a UG level course in corporate law can pursue a PG level law course with the same specialization. Corporate lawyer is one of the most popular job profiles after completing the corporate law course. Corporate lawyers help corporations in their functioning and help the firms make decisions. Corporate lawyers ensure that the company functions according to corporate laws and regulations. One who is interested in the teaching field can also become a teacher or lecturer in colleges or universities after completing a master degree in corporate law.
The responsibilities of the corporate lawyer typically include:
- Drafting and negotiation of agreements
- Handling Litigation
- Company secretarial
- Advisory services
Corporate law involves overseeing all legal and external affairs matters including litigation, investigations, compliance, mergers and acquisitions, contract matters and international trade issues. Corporate lawyers are basically 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.
Lloyd Law College offers an L.L.M course in International and Commercial Law. The course has been designed and conceptualised in collaboration with University of Buckingham in the United Kingdom. Buckingham University itself has a distinctive approach to higher education where their style of teaching has always been a small group of teaching but intensive learning, because of which they have been awarded the first ever- Gold in Teaching Excellence Framework. As we prepare to herald a new era of a connected world, we require highly trained professionals who would help in socio-economic growth. Through this course, Lloyd Law College will equip their students to compete in the global world without any inhibitions. The course is open for Indian as well as SAARC country students.
The programme which will be followed in Lloyd Law College will be a replica of the course with the course curriculum, and structure would be followed that of Buckingham University. The major aim of the program is to equip young professionals for a global legal career, wherein the students will be gaining from practical skills provided as part of the course, independently act and work towards problem-solving and managing tasks and look into the detailing of each case carefully. The course will culminate into a dissertation that will be submitted in the final year, but what is more important to look into it is, it will equip the students with laws relating to artificial intelligence, an area which is still an emerging one, in India and needs expertise.