With corporate law as a career option gaining ground amidst increasing corporate lawsuits in India, Careers360 brings you expert insight on career as a corporate lawyer.In this special interview series, Rajiv K. Luthra, Founding and Managing Partner, Luthra and Luthra Co. shares insights on changing scenario and practices in Corporate law.He also talks on scope of pursuing a career in corporate laws, key characteristics a corporate lawyer must possess, and emerging opportunities and challenges in this professional domain.
Careers360: What is the current scenario of studying corporate law as a career option in India?Rajiv K. Luthra: Corporate law is a very viable career option today as demand for professional legal advisors among the Indian and foreign companies is on rise. Simultaneously, new of law firms are opening and the existing ones are increasing their scale of operation, resulting into huge opportunities for newcomers.
Careers360: How the scenario has changed over a decade for Corporate Law practitioners?Rajiv K. Luthra: A decade ago, we were on the brink of a major expansion, but there were nowhere as close to the number of law firms as there are now. Additionally, we are now having institutes, which impart quality legal education.
Careers360: What are the key qualities one should posses for becoming a corporate lawyer?Rajiv K. Luthra: A good commercial sense, attention to detail and good soft skills such as managing people and timelines are very important for successfully making way into this legal domain. Personal integrity is also a very important personality trait for this.
Careers360: How challenging is life as a corporate lawyer? What is the earning potential?
Rajiv K. Luthra: As is the case with any rewarding career, corporate law can be fairly challenging in terms of the quality of work expected. However, it is also stable and usually predictable in terms of the workflow. As regards earning potential, let me put it this way – corporate law is easily one of the highest paying jobs that a graduate (across disciplines) in India can land straight out of college, but remember, money is a by-product, focus on quality.
Careers360: What are the other related fields where a corporate lawyer can try hand apart from joining law firms and corporate houses?Rajiv K. Luthra: Corporate law as an academic discipline is becoming more and more prominent, and the number of credits attached to core corporate law subjects as well as allied subjects is increasing across the board. Many universities in India and abroad are now looking for faculty not only to teach general corporate law, but to specialise in specific aspects of corporate law such as corporate governance, both for teaching and research purposes. There are also a number of think tanks and academic centres devoted to research in corporate law and allied disciplines.
Careers360: What would you like to advise the aspirants who are looking for a break in this field?Rajiv K. Luthra: Read the business papers, understand your client from a commercial perspective, and keep abreast of legal developments in fast moving areas such as securities law. Also, the three most important qualities of a good lawyer are Integrity, Integrity and Integrity.
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Get focused from today itself... Stay honest with yourself I'll say that is Quality matters over Quantity. So know what and how are you studying and follow the schedule and timetable that you make.
For the books I will tell you to go with Word Power made easy by Norman Lewis and a book of English and Grammar by Wren and Martin for English subject. Coming to the next subject which is Logical Reasoning, go for RS AGGARWAL boook. A modern approach to logical reasoning by MK Pandey is also another good book. For Maths, again go with RS AGGARWAL. And for the Legal Aptitude, go with Pearson and AP Bharadwaj.
For the last subject that is GK and current affairs, read Pearson and Lucent for GK and for current affairs, stay updated by all the ways you can that is by seeing news, reading newspapers, or reading blogs and articles.
To get more preparation tips in detail refer to our website...
And to know about the books needed in detail for the CLAT exam, refer to the link below.
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As per the recent notification for CLAT 2020 there is no upper age limit to appear for CLAT at UG and PG level, although NLU's have there separate eligibility criteria in regard upper age limit like NLSIU has upper age limit of 20 in case of general category for admission in UG programme, so I would suggest you to visit the website of the NLU for which you are aiming and check the eligibility criteria of the same, other necessary details in regard eligibility is given in the link below,
The Common Law Admission Test is held every year for admissions to the 21 National Law Universities in India and is starkly different from the Joint Entrance Examination, which is an annual exam for admissions to various Engineering, Architecture and Pharmacy colleges of India.
Firstly, CLAT is much easier to crack as compared to JEE as the difficulty level and competition in JEE is much higher.
JEE-Mains consists of 90 MCQ-type questions ( 30 each from Physics, Chemistry and Mathematics) based on 12th standard syllabus. 4 marks are awarded for a correct answer and 1 mark is deducted for a wrong answer. The exam is out of 360 Marks.
CLAT has 200 MCQ-type questions ( 40 each from English Comprehension and Logical Reasoning, 20 from Elementary Mathematics and 50 each from Legal Aptitude and Current & World Affairs). 1 mark is awarded for every correct answer and 0.25 marks are deducted for every wrong answer. The exam is out of 200 marks.
Yes I'll enlist down some of the top books that will help you in the CLAT preparation. For improving your English and Grammar you can go with High School English Grammar by Wren and Martin, you can take help of Word Power made Easy by Norman Lewis as well. For Analytical and Logical reasoning, go with RS AGGARWAL AND MK PANDEY books. For Legal Aptitude, AK Bharadwaj is quite famous. For mathematics, use RS AGGARWAL and for GK and Current affairs, use Pearson GK Today and read newspapers and blogs regularly to keep yourself updated.
Kindly refer to our website to get a detailed information...
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current affair is a section which you need to revise every day. other wise there is chances for forgetting it. so I would suggest you to daily follow any one of the news paper or you may follow bankers adda magazine. every day spend 1 hr for studying. you will surely get success.
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