THE RISE OF LLMs (Master of Law) IN INDIA: THE TRANSFORMATION OF LEGAL PRACTICE TO RESHAPE THE FUTURE

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LLM in corporate law
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In recent times, the Masters of Law has gained popularity in recent times due to varied causes. The thriving legal sector has mostly led to the demand for LLMs due to its international interconnectedness as well as developing fields including environmental and tech law. Over several decades, the demand for providing training to law teachers has considerably increased the demand for LLM program. The rise of LLM in India denotes a considerable shift moving legal practice from generalist roles to specialized proficiency. The key focus of LLM courses is to reflect on niche fields such as intellectual property (IP), cyber law along with data protection. LLM is basically a postgraduate degree to carry out any legal profession with proper know-how in the field of business and corporate law.

LLM in corporate law

ROLE OF LLM IN CORPORATE LAW

The objective of LLM in corporate law to provide an intensive comprehension about several matters that is related to mergers and acquisitions, the company law, financial regulations as well as intellectual property. The LLM course from Geeta Institute of Law (GIL) helps to focus on legal rules and situate the study of corporate law in a broader interdisciplinary background. The students enrolling for LLM gets a prospect to develop a critical understanding regarding the key matters as well as most recent developments in recent legal areas. The Master of Law program helps graduates to gather in-depth knowledge about legal principles, law justice in addition to governance building a strong sense of research and becoming subject-matter expertise in corporate law.

LLM in corporate law

CHOOSING LLM IN CORPORATE LAW IN INDIA

At recent times, corporate law has been turning out to be rising career alternative in India due to business-friendly practices of the that are providing more businesses and helping startups to crop up. The increase in the number of businesses is leading to complicated legal transactions boosting the demand for perceptive legal advice. This in turn has given significant rise in the field of corporate law where individuals pursuing LLM are likely to earn suggestively more compared to LLBs. A broad field for professional opportunities has been one of the key reasons to shift towards corporate law. In India, rapidly developing business prospects has given rise to foreign direct investment (FDI) where international businesses require legal advice from corporate lawyers acquainted with Indian law and regulation. Individuals pursuing LLM in corporate finds more scope in their profession as these businesses opt for someone having more knowledge compared to an LLB. Similarly, pursuing LLM in corporate law is more likely to boost the overall skills and knowledge in the legal field.

ELIGIBILITY CRITERIA TO PURSUE LLM IN CORPORATE LAW FROM GIL

In order to be eligible to pursue LLM in corporate law, the following requirements should be met:

  • A 5-year integrated B.A.LL.B. or B.B.A. LL.B. course is required or 3-year LLB degree from a recognised university.
  • The minimum percentage to become eligible for the course includes 50-55% for general categories.
  • The score from GIL own entrance exam such as Geeta Law Admission Test (GLAT) is responsible for the admission to LLM.

SUBJECT, COURSE AND CURRICULUM FOR AN LLM IN CORPORATE LAW IN GIL

The subject, course and curriculum for an LLM have been merged with practical application that are as follows:

 

CONSITUTIONAL AND REGIONAL LAW
INTERNATIONAL LAW AND TRADE LAW
CRIMINAL LAW AND CRIMINAL JUSTICE
LABOUR AND EMPLOYMENT LAW
CORPORATE AND INDUSTRIAL GOVERNANCE

TOP UNIVERSITIES PROVIDING LLM COURSE AND PROGRAM IN CORPORATE LAW IN INDIA

Universities COURSE TYPE DURATION FEE ELIGIBILITY
GEETA INSTITUTE OF LAW (GIL), PANIPAT LLM 1-2 years mostly INR 1,50,000 approximately LLB DEGREE OF 3-5 YEARS WITH MINIMUM 50-55%
National Law University, Delhi LLM in Corporate Law Governmental 1 year INR 1,50,000-INR 200000 PER YEAR All India Law Entrance Test
National Law Institute University (NLIU), Bhopal LLM in Business and Corporate Law Governmental 1 year INR 1,20,000 approximately every year CLAT-PG
BANARAS HINDU UNIVERSITY, VARANASI LLM IN Corporate and Financial Law Governmental 2 years INR 10,000 PER YEAR approximately BLAT
DELHI UNIVERSITY (DU), FACULTY OF LAW, DELHI LLM with specialization in Corporate Law Governmental 2 years INR 5,000 – INR 10,000 PER YEAR approximately DU LLM Entrance Test
SYMBIOSIS LAW SCHOOL, PUNE LLM in Business and Corporate Law Private 1 year INR 2,00,000-INR 2,50,000 PER YEAR approximately Symbiosis All India Admission Test (AIAT)
AMITY SCHOOL, NOIDA LLM in Corporate Law Private 1 year Around INR 1,50,000 PER YEAR Amity Entrance Exam
CHRIST UNIVERSITY, BANGALORE LLM in Corporate and Commercial Law Private 1 year Around INR 1,40,000 PER YEAR Christ University Entrance Test (CUET)

Selecting the right institute will help to shape the overall legal career of the student.

AVERAGE SALARY AFTER COMPLETING LLM IN CORPORATE LAW IN INDIA

After the completion of LLM in corporate law, the freshers are likely to start initially at INR 4-8 LPA that augments to INR 10-20 LPA after successfully completing 3-6 years. However, for seniors, the salary goes up to INR 20 LPA.

IS IT WORTH TO STUDY LLM IN CORPORATE LAW IN INDIA

YES, it is worthy to study LLM in corporate law in India as it aids to build candidates for high-profile cases. LLM graduates has the right to command higher salaries and have greater leverage for enhanced compensation packages. The professional field where individuals can look for career opportunities after completing LLM from GIL includes Civil Litigation and appellate counsellinginternational legal organisations, corporate and legal advisory as well as academic and research institutions.

FINAL THOUGHTS

It could be inferred that Master in Law (LLM) in Corporate Law provided by GIL is more than just a degree that not only provides high-salaried jobs but also leadership roles in the corporate world. It makes individuals more competitive in the dynamic world reflecting on advanced skills.

Sources

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2841074

https://thelegalschool.in/blog/llm-corporate-law

https://www.reva.edu.in/course/llm-in-business-and-corporate-law-1-year#:~:text=Eligibility%20Criteria,is%20based%20on%20CLAT%2FLSAT.

https://www.bajajfinserv.in/llm-in-corporate-law

https://geetalawcollege.in/blog/llm-specialisations-eligibility-and-career-opportunities

https://geetalawcollege.in/

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