Career Counselling Guide: Law (LLB – Corporate / Business Law)

Introduction

Law is no longer limited to courtrooms and criminal cases. In today’s corporate-driven economy, Corporate and Business Law has emerged as one of the most lucrative and respected career options, especially for commerce, management, and arts students. With the rapid growth of startups, multinational companies, mergers, acquisitions, and regulatory frameworks, the demand for skilled corporate lawyers is rising every year.

If you are someone who is interested in business, finance, contracts, company regulations, compliance, and corporate governance, then LLB in Corporate / Business Law can be a powerful career choice.

This blog will give you complete career counselling including:

• What Corporate / Business Law is

• Eligibility & entrance exams

• Course structure

• Fees

• Salary

• Placements

• Top colleges in India & abroad

• Career scope & future opportunities

What is Corporate / Business Law?

Corporate Law (also known as Business Law) deals with the legal aspects of businesses, companies, and commercial transactions. A corporate lawyer ensures that a company follows all laws, rules, and regulations while conducting its business.

Key Areas of Corporate / Business Law:

• Company Law

• Contract Law

• Mergers & Acquisitions (M&A)

• Securities Law

• Intellectual Property Rights (IPR)

• Labour & Employment Laws

• Insolvency & Bankruptcy Code (IBC)

• Corporate Governance & Compliance

Corporate lawyers usually work with:

• Corporates & MNCs

• Law firms

• Banks & financial institutions

• Startups

• Government & regulatory bodies

Why Choose Corporate / Business Law?

Top Reasons:

✔ High salary potential

✔ Corporate lifestyle (less courtroom stress)

✔ Global career opportunities

✔ High demand in India & abroad

✔ Suitable for commerce & business-minded students

Eligibility Criteria for LLB (Corporate / Business Law)

There are two major pathways to become a corporate lawyer:

1. 5-Year Integrated LLB (After Class 12)

Courses:

• BBA + LLB

• B.Com + LLB

• BA + LLB

Eligibility:

• Passed Class 12 from any stream

• Minimum 45–50% marks (varies by college)

2. 3-Year LLB (After Graduation)

Courses:

• LLB (with specialization in Corporate / Business Law)

Eligibility:

• Graduation in any discipline (B.Com, BBA, BA, BSc, etc.)

• Minimum 45–50% marks

Entrance Exams for Corporate Law

National Level Exams:

• CLAT (Common Law Admission Test) – For NLUs

• AILET – National Law University, Delhi

• LSAT India – Private universities

• CUET-PG – For central universities

State / University-Level Exams:

• MH CET Law

• DU LLB Entrance

• Symbiosis Entrance Test (SET)

• Christ University Entrance Test

Course Structure & Subjects

Core Subjects:

• Company Law

• Contract Law

• Business & Commercial Laws

• Corporate Finance Law

• Securities Regulation

• Taxation Law

• Competition Law

• Insolvency & Bankruptcy Law

• Intellectual Property Law

Practical Exposure:

• Internships with law firms & corporates

• Moot courts

• Case studies

• Legal drafting & compliance training

Course Fees (Approximate)

India:

Abroad:

Top Colleges for Corporate / Business Law in India

National Law Universities (NLUs):

1. NLSIU Bangalore

2. NALSAR Hyderabad

3. NLU Delhi

4. WBNUJS Kolkata

5. GNLU Gandhinagar

Private Universities:

• Symbiosis Law School (Pune / Noida)

• Jindal Global Law School

• Christ University, Bangalore

• NMIMS School of Law

• Amity Law School

Top Colleges Abroad (Corporate Law)

• Harvard Law School – USA

• Oxford University – UK

• Cambridge University – UK

• Stanford Law School – USA

• University of Melbourne – Australia

Career Options After LLB (Corporate / Business Law)

1. Corporate Lawyer

• Draft contracts

• Handle mergers & acquisitions

• Ensure legal compliance

2. Legal Advisor / In-House Counsel

• Work directly with companies

• Advise management on legal matters

3. Law Firm Associate

• Join top law firms like AZB, Khaitan, Cyril Amarchand

4. Compliance Officer

• Ensure company follows laws & regulations

5. Legal Consultant for Startups

• Handle funding agreements & regulatory filings

6. Higher Studies

• LLM in Corporate Law

• MBA + Law

• International law certifications

Salary After LLB (Corporate / Business Law)

Freshers Salary (India):

• ₹5 – ₹10 LPA (average)

• Top NLUs & law firms: ₹12 – ₹18 LPA

Mid-Level (5–7 Years Experience):

• ₹20 – ₹35 LPA

Senior Corporate Lawyers:

• ₹50 LPA – ₹1 Crore+ annually

Abroad:

• USA / UK: ₹60 LPA – ₹1.5 Crore per year

Placements & Recruiters

Top Recruiters:

• Cyril Amarchand Mangaldas

• AZB & Partners

• Khaitan & Co

• Shardul Amarchand Mangaldas

• Big 4 (Deloitte, PwC, EY, KPMG)

• Banks & MNCs

• Startup unicorns

Placement Reality:

• Top colleges have 90%+ placement rates

• Internships play a crucial role in final placement

Skills Required to Succeed in Corporate Law

✔ Strong communication skills

✔ Legal drafting & documentation

✔ Analytical & logical thinking

✔ Business & financial understanding

✔ Negotiation skills

✔ Time management

Is Corporate Law Right for You?

Choose Corporate / Business Law if:

• You enjoy business & legal topics

• You prefer corporate work over courtroom litigation

• You want high income & global exposure

• You are ready for continuous learning

Pros & Cons of Corporate Law

Pros:

✅ High salary

✅ Corporate lifestyle

✅ Global opportunities

✅ High respect

Cons:

❌ Long working hours

❌ Competitive field

❌ High academic pressure