Understanding a company's constitution and provisions, especially pertaining to the rights of shareholders and directors Becoming a corporate lawyer requires approximately seven years of schooling and passing multiple exams. Here's a closer look at some steps to become a corporate lawyer: 1. Earn a bachelor's degree
For example, if you sour on the law after a few years, you’ll be well-positioned to go into corporate management. On the other hand, if you decide in the future to join a law firm or go into practice on your own, your MBA, coupled with your corporate experience, can provide a firm foundation for your practice.
Corporate law is a diverse legal sector that affects both the legal and business industries. Working as a corporate lawyer can be an exciting career path for those interested in both industries. However, becoming a lawyer involves many years of schooling and hard work.
It’s a long journey, and it’s a challenging road. However, with perseverance and determination, nothing is impossible. If you are rushing it, which we don’t recommend, you can complete your college degree in three years and finish law school in two. That means you can become a lawyer in just five years after high school.
Steve McCormick notes that, while not a prerequisite, a JD/MBA gives a prospective corporate lawyer "a huge advantage" in a law firm setting. Apparently the joint degree is of great advantage to an in-house corporate lawyer.
Admission Requirements: JD/MBA Students may apply simultaneously to both programs. If admitted to both, the student will defer taking MBA courses for one year and will enroll exclusively in the first-year law curriculum.
One of the first steps to becoming a corporate attorney is to earn your bachelor's degree in a related discipline, which can include business, finance, political science, legal studies, government and economics, from an accredited college or university.
Some lawyers come to this program to gain a fuller understanding of business to better serve their clients' needs. Others come to learn how to innovate and transform law firms into more complex businesses. And others look to gain the knowledge and network to explore new opportunities.
Same goes for salary, generally the salary of a law aspirant is around 5 LPA and for MBA candidates it can be around 7 LPA.
Most law schools, however, place a strong emphasis on grades and test scores. Other experience, such as a master's degree, can make your application stand out a little more but likely won't get you into a law school for which you are otherwise unqualified.
You have to study for many years, so be prepared for hard work and sacrifice. You will need to get qualified, gain experience, and then continue your professional development and study for your specialism in corporate law. Corporate Law is a comparatively new field and the growth and career options are ample.
The demand for corporate lawyers will only increase in the near future and there is a great potential for corporate lawyers owing to various new areas of expertise that have emerged in recent years. The kind of transactions we see today are truly global in their nature.
Highest paid lawyers: salary by practice areaTax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.Immigration attorney: $84,000.Estate attorney: $83,000.Public Defender: $63,000.More items...•
An MBA is a degree sought by many from different professional backgrounds. Lawyers, too, can pursue an MBA as a part of their career progression. This article explains what an MBA can do for lawyers and why they should consider it seriously.
We found that lawyer CEOs were not only associated with less litigation but, conditional on experiencing litigation, were also associated with better management of litigation.
Spending that time working on the business side is critical to getting full value out of the MBA." An MBA can also help a lawyer better understand society at large and provide better advice to a client, says Claude Provencher, a lawyer with Trudel Johnston & Lespérance in Montreal.