Hi readers! In this article, we will have an in-depth analysis of LL.M. Corporate Law course. Here, you will find important details about the academic program such as – course duration, eligibility criteria, colleges, fees, admission process, scope and career prospects.
Article Overview and Contents
LL.M. Corporate Law is a Master’s Degree law education program. It is an ideal course for LL.B. graduates who want to build a career in Corporate Law sector.
This academic program is also known by other names such as – LL.M. Business Law and LL.M. Commercial Law. Though the names of these academic programs are different from each other, they share the same course content!
LL.M. stands for Master of Law. It is a Master’s level course. LL.M. Corporate Law is an honors program. This LL.M. programs deals with the domain of Corporate Law and its allied areas.
Come, let us check out the course overview. Here it is –
- Name of the course: LL.M. Corporate Law/LL.M. Business Law/LL.M. Commercial Law
- Type of course: Master’s Degree
- Field: Law
- Duration: 1 year
- Eligibility: Completed LL.B. or Integrated LL.B. course from a recognized College/University
What is Corporate Law all about? What is the scope and potential associated with this field? What is it like to become a Corporate Law professional? You will find answers to these questions in the next section.
Here it is –
Business/Corporate Law: An Introduction
Corporate Law is also known as Business or Commercial Law. It is a part of Civil Law.
In simple terms, it is the branch of law that governs businesses and commerce!
Do you know how a Business Organization, Company, MNC or Manufacturing firm works? Most of them sell products or services in order to generate profit. This is how they work.
But behind the scenes, there exists many laws and regulations, which monitor the way the above mentioned establishments function. These laws, regulations and compliance have a direct impact on the organization or establishment.
These laws, regulations and compliance forms an integral part of corporate law. Here are some of its important aspects –
- Law of Organizations
- Securities Law
- Intellectual Property Laws
- Employment Law
- Corporate Law
- Corporate Taxation
It is evident from the above list that this branch of Civil Law deals with everything related to business – ranging from patent law to complex taxation laws!
LL.M. Corporate Law program trains students in the above mentioned areas. The academic program is well known for nurturing law graduates and turning them into skilled Corporate lawyers and professionals.
Come, let us take a closer look at the course details. Here it is –
Type of course
It is Master’s Degree program.
The academic program is 1 year long.
Completed LL.B. or Integrated LL.B. course from a recognized University/College with minimum 50-55% aggregate marks.
Many Government and Self Financed Colleges are known to offer this course in India. Government Colleges can further be classified into two types – State and Central Government Colleges.
Government Colleges are known to charge relatively lower fees than their Self Financed counterparts. They provide subsidized education to students.
Some of the popular Colleges offering this academic program are –
- Kerala Law Academy Law College
Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates.
Some other institutes are also known to conduct direct as well as donation based admission process.
Here are some of the important subjects present in LL.M. Corporate Law curriculum –
- Corporate Governance
- Corporate Taxation
- Statutory Compliance
- Intellectual Property Law
- Contract Law
- Competition Law
- International Trade Law
- Corporate Law
- Securities Law
- Communication Skills
Tuition fees charged for the academic program may vary from one institute to another. It depends upon the following factors –
- Type of College (Govt or SF)
- Scholarship status of the student
- Rating of the College
- Learning Mode (chosen by the candidate)
On an average, the tuition fees could be anywhere between 60-120K INR per year. Government Colleges are known to charge relatively lower fees. Also check – MBL course.
After completing this course, graduates will have access to multiple job opportunities. They will have access to both Government and Private sector jobs.
Some of the prime recruiters are –
- Corporate Firms
- Business Houses
- Manufacturing Firms
- Law Firms
- Law Consultancies
In the above mentioned firms, Corporate Law professionals may don the following roles –
- Tax Expert
- IP Expert
- Contract Law Expert
If you are an entrepreneur at heart, you may even start your own consultancy or law firm.
Starting salary depends upon numerous factors. Some such notable factors are –
- Profile of the employer
- Job location
- Employee’s skills and aptitude
- Employee’s academic performance
On an average, the starting salary could be anywhere between 40-60K INR per month. Government employees’ salary depends upon pay scale and grade.