“This is a profession in which experience is important and mere book learning is not adequate,” says Vijaya SampathYou may be aware of famous corporate lawsuits, where men dressed in black and white with their powerful debating skills help their respective clients in either minimizing the loss or gaining the profits.
While the profession of corporate law is emerging, Careers360 brings you another interview from the series of expert insight on career as a corporate lawyer. In this special interview series, Vijaya Sampath, Senior Partner, Lakshmi Kumaran & Sridharan shares his views on the emerging scenario, challenges and scope of the profession. Sampath, who is also a Legal Advisor to Chairman, Bharti Enterprises advises tips to become a successful corporate lawyer.
Careers360: Please share insights on the current scenario of the profession as a corporate lawyer.Vijaya Sampath: Until over a decade ago, law was only a default option as a career with some joining law colleges as a precursor to a political or civil services career. With the opening of national law schools across the country imparting a higher quality of education, it has become a career of choice for young students who wish to specialize in corporate law or in litigation. The globalization of the economy and its rapid growth has also contributed to the phenomenal growth of corporate law, both in house counsel and in law firms as a good career opportunity.
Careers360: What key qualities do a corporate lawyer should have?Vijaya Sampath: Besides a sound knowledge of corporate and commercial law, analytical ability, attention to details and negotiating skills are some of the key qualities that are required to become a successful corporate lawyer.
Careers360: How challenging is life as a corporate lawyer?Vijaya Sampath: Challenges as a corporate lawyer include an ability to achieve work life balance, understanding business and financials and trying to stay relevant and updated on all-important matters.
Careers360: What is the earning potential?Vijaya Sampath: Advantage of corporate law is that even in the initial years, earning potential is quite high as compared to other professions including litigation. However, like all other professions, it is always the cream that rises to the top and hence with experience and time, very high and lucrative remuneration will be limited to a few.
Careers360: What other career options, a corporate lawyer may approach apart from joining law firms and corporate houses?Vijaya Sampath: Corporate lawyers can become general business managers and even aspire to become CEOs. It is not very common in India but in the US, many lawyers and legal counsels become CEOs of companies by switching careers mid stream and getting a strong business orientation.
Careers360: What advice would you like to share with the aspirants who are seeking a break in this field?Vijaya Sampath: While impatience seems to be the new virtue, this is a profession in which experience is important and mere book learning is not adequate. Since trends, practices and law change constantly, the importance of reading and keeping up dated with the profession cannot be overemphasized.
Stay tuned to law.careers360.com for more news and feature articles on Corporate Lawyers
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These are the best books for CLAT PG 2020
Hope this helps!
Yes, you can surely apply for the Common Law Admission Test while appearing for the board exams of class 12 for admission to UG courses. The eligibility criteria for CLAT states that the candidates
who have passed their class12th Board Examination or The Senior Secondary School Examination can apply for the exam. In addition to it, the aspirants have to secure a minimum of 45% marks in the qualifying exam for General Category and for SC and ST candidates, they need to secure 40% marks in qualifying exam. However, not only the students who have passed their class 12 examination can apply but
also the candidates who are appearing in their qualifying exam can appear. In the case of admission to UG courses, this qualifying exam refers to Class 12 examination and hence you have all the rights to appear for it and there is no problem in applying for the exam but you also have to ensure that you fulfill the educational (and also other) eligibility criteria for the exam.
If you want to know more about CLAT 2020, you can refer this link
The actual number of applicants for the Common Law Admission Test differ every year and is usually experiencing a 8-10 % increase every year. Although the official records have many caveats attached to it but previous three year participants statistics is as follows:-
CLAT 2017:- 50,676
CLAT 2018:- close to 55000
CLAT 2019:- 60,000 approximately
So, approximately 55000 to 60000 students apply for the Clat examination every year. This number is the sum of total applicants for UG courses and the PG course. So, if you want to know about the UG course, approximately 50,000 people fill the exam every year and this year too you can expect the same trend.
However, it has to be said that many of those applicants fill the exam just to have an experience of a competitive examination after class 12 and hence if you are serious enough and have prepared well for the exam then your real competition is with probably 15000- 20000 people. Now, that is not any small number to compete against but given the stature of the examination, you will have to face such competition in order to fetch a seat in the top NLUs.
these are some of the best colleges you have through clat in Maharashtra -
Maharashtra National Law University (MNLU), Mumbai
Maharashtra National Law University (MNLU), Nagpur
Maharashtra National Law University (MNLU), Aurangabad
Kirit P Mehta School of Law, Mumbai
Dr Vishwanath Karad MIT World Peace University, Pune
Hope this helps.
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