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A century back, if anybody wanted the highest degree, he/she would opt for Law. Gandhiji, Pandit Nehru and all in the highly educated class were mostly lawyers. Then came the era of Doctors and Engineers, which was followed by that of MBAs and CAs.
Time has taken a full circle and over the last decade, Law is once again seen as a strong and versatile career option inspired by world class law schools such as the National Law School in Bangalore and subsequently NUJS in Kolkata, NALSAR in Hyderabad, NLU in Jodhpur and NLIU in Bhopal. Graduates from top law schools have excelled in diverse areas from the corridors of the Supreme Court and High Courts to the top corporate law firms and business houses.
A degree course in Law equips the student not only with Civil and Criminal Law but also Corporate and Commercial law, Mediation, Negotiation, International Law, Intellectual Property Law, Environmental Law and Human Rights Law etc. Consequently, the degree equips him, not just to be an accomplished lawyer, but also a businessman, bureaucrat, diplomat, social activist or academician. National Law School Graduates were recruited at average annual salaries comparable to the top management schools this year.
The traditional career path for a lawyer is to "practise as a lawyer", or join a senior advocate as his/her junior and later on establish one's own practice. The top lawyers in the country charge Rs.50,000 to Rs. 1 lac per appearance in court. The advocate's juniors usually do most of the research and drafting work and the senior formulates opinions and arguments.
Law Graduates can also join Law firms. Though most large Law firms deal exclusively with corporate houses, some cater to the interests of private individuals as well. Major Law firms have separate litigation and corporate departments. The litigation department deals with the disputes which the firm's clients are involved in. The corporate departments of law firms advise companies on the corporate deals which they are involved in, such as acquisitions of companies, important inter-company agreements, investment in India by foreign clients, financing of massive projects undertaken by clients and so on. The top Indian Law firms offer salaries that can go as high as 6 lacs a year.
Several law students opt to work with the in-house legal department of a corporate after graduating from law school. Legal managers play a critical role in the functioning of a company and are responsible for drafting, vetting, and in several cases, negotiating contracts for the company, ensuring and monitoring compliance with laws and handling legal disputes that the company may be involved in. Corporate counsel are required to interact with several different functions in a company, understand business and operations needs, and serve these needs in a manner that is both suitable and legal. All large corporate houses have an in-house legal department. Starting salaries are high, and are comparable with those offered to graduates from management institutes. Offers can go as high as nine lacs a year.
Just as graduates of any other field, a law graduate can also go for higher education in Business Management. Legal knowledge supplemented by managerial skills like risk identification, problem solving, decision-making, and functional knowledge topped with good communication skills can be a priceless combination in the world of business.
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Past few years have seen a sudden splurge in the global expenditure on legal services which has been estimated to be over $250 billion (of which about two-third is accounted in the United States alone). With such demand for legal services, corporations and law firms need to handle the large volumes while keeping costs in check and maintaining profitability. This has generated the need to outsource the legal processes. In Legal Process Outsourcing, "LPO", core legal functions will be delegated to external counsel in another country where the cost of such a service is relatively lower. India, with its large pool of proficient lawyers, is poised to service 60% of the global Legal Process Outsourcing (LPO) requirements, estimated to be $4.5 billion by 2010. The Industry is a sunrise industry and is destined to be the next boom after BPO.
Admission to top National Law Schools is through Common Law Admission Test (CLAT). CLAT is being held for 11 National Law Schools and tests your Legal Reasoning and Legal Aptitude apart from your knowledge in English, Mathematics and General Knowledge.
The eligibility criteria for most colleges is a minimum of 50% marks in XII standard in the Senior Secondary School Certificate Examination of the CBSE (or any other exam recognized as its equivalent) in single attempt. Students appearing for the exam in this academic year are also eligible. The age of a candidate in general category should be less than 20 years.
Law Entrance, just as other entrance exams, is also a combination of speed and knowledge. And what could be better than learning directly from ace strategy-formulators at BBAGuru. The "Gurus" at BBAGuru equip the students with a clear understanding of their potential and help them explore the complete range of options available. And then, carefully hand-hold them through the entire process of preparation, which includes applying to the right colleges, group discussions, and personal interviews.
At BBAGuru, we understand that each individual is unique and therefore, we promote individual guidance. Our YOUnique approach is precisely geared to adapt to the demands and requirements of each individual. In other words, the entire focus at BBAGuru is on YOU as an individual to ensure that you make the best use of your strengths while continuously working to improve your weaker areas. The S-Y-S, W-Y-W (Strengthen Your Strengths, Weaken Your Weaknesses) approach is the hallmark of our YOUnique offering to YOU.
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