Expert says on career in corporate law
Apratim Chatterjee, 04 Nov 2014, #CLAT
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Corporate Law is surfacing as a new career option beyond general practices. Careers360 has been conducting special series of articles on Corporate Lawyers.
From the special series of articles on Corporate Lawyers, Careers360 brings you another professional interview. In this interview, Rabindra Jhunjhunwala, Partner, Khaitan & Co. shares his mind on career as a corporate lawyer.

Rabindra-JhunjhunwalaRabindra Jhunjhunwala also talks on life of a corporate lawyer and the earning potential. The corporate lawyer has also shared tips to those who wish to choose this emerging profession.

Excerpts of Interview –

Careers360: How is life of a corporate lawyer?
Rabindra Jhunjhunwala: In the profession, the pressure starts early; most of the law firms, the most lucrative career for a lawyer are extremely goal focused and highly competitive. Right from academic background to the quality of work, time management, ability to interact with clients, and in the later phase of career, the ability to rain make are key qualities to succeed. A corporate lawyer has to continuously stay abreast with legal skills, work long hours and keep connected with the clientele. The profession is highly demanding in terms of time and stamina and communication skills. Equally important is the need to create your brand both in terms of quality, trust and specialization of service.

Careers360: What is the earning potential?
Rabindra Jhunjhunwala: The upside of the profession is usually good compensation, the added advantage to work with smart people from the profession and business honchos and travelling to international locations for closing deals. Most of the top-tier Indian Law Firms pay very lucrative compensation through campus hiring, with starting packages ranging from 12 to 15 Lakhs. Even corporates pay good amount of starting pay to hires from top law schools. Later it depends entirely on performance.

Careers360: What are the other related fields where a corporate lawyer can find himself apart from joining law firms and corporate houses?
Rabindra Jhunjhunwala: A corporate lawyer can get jobs in

  • Law Firms
  • Large Indian conglomerates involved in Infrastructure,
  • MNCs in FMCG or BFSI
  • PE Firms
  • Investment Banks
  • Business and Strategy Consulting Firms
  • Accounting Firms
  • RE Companies
  • LPOs
  • Teaching in top rated Law Schools or
  • Being an entrepreneur to start own Law Firm

Careers360: Share your tips with the aspirants who are seeking a break in this field?
Rabindra Jhunjhunwala:

  • Prepare hard for CLAT and try and secure admission to top 5-7 Law schools of the country
  • While in Law school aspire to be outstanding in studies, not just good
  • Use every opportunity during graduation to do internship under top lawyers or in top law Firms
  • Socialize and get involved in various co-curricular and extra -curricular activities
  • If finance and time permits do get first-hand experience on interning in a good foreign law Firm/MNC to understand best practices
  • Develop meaningful relationship with  senior alumni and find a mentor for informal guidance
  • Always stay updated on current affairs, pick-up the habit of reading business magazines, Law Journals and Newspapers, business papers
  • Make most of your time at law school and especially during internships to map your career plan and work systematically towards the same
  • In case you plan to undertake an LLM degree, gain couple of years’ experience and then target the correct course and university
  • Plan ahead

Stay tuned to law.careers360.com for more news and feature articles on Career in Corporate Law

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