Corporate Law – An Overview
A legal practitioner in India can specialize in any specific area of Indian law, such as labor law, tax law, constitutional law, corporate law and family laws, just to mention a few. Corporate law mainly regulates the formation and operations of business organizations, companies, corporate houses and other commercial practices.
The stipulations of corporate law provide that a company has a separate legal identity. A company has its own legal right and legal liabilities that are separate from its members. You may file a legal suit against a company. However, it is not compulsory that the litigation will extend to its owner and shareholders.
Corporate Law: A Good Career Option
A lawyer who specializes in corporate law helps corporate houses with legal processes and corporate dispute resolutions. Further, he helps them in asserting their legal rights and to know their legal liabilities. The industrial boom in India has made corporate law a lucrative career option.
In case you are planning to specialize in corporate law, there are several employment opportunities to consider such as joining a corporate law firm. However, before joining a legal firm, it is essential to confirm about its level of expertise, market reputation, location and size.
Another option that you choose is to commence independent legal practice. Owners of small business enterprises prefer to hire an independent corporate lawyer instead of hiring expensive services of big corporate law firms. Also, you may start your practice by working under an experienced corporate lawyer.
You can also consider joining the legal department of a corporate organization. Several leading corporate organizations hire corporate lawyers for their own legal departments. These firms have there own legal departments to undertake their legal formalities and legal procedures.
However, to pursue a successful career as a corporate lawyer; you should be well versed with company laws, trademark laws, copyright laws, tax and securities laws, and government rules and regulations.