CAREER IN CORPORATE LAW
As a discipline of study law has been in existence for decades. However, the kind of career opportunities this field is offering were not seen 20-25 years before. It was hardly a preferred subject of study for most of the students. Studying law meant later becoming an advocate and practicing in a court of law, mostly in lower courts. The majority of law graduates could get to practice at district and taluka level courts, with very few of them being able to join the bar at high and supreme court even after putting in a long number of years. Few legal luminaries enhanced the prestige of the profession. Nevertheless, the subject rarely could be put in the league of engineering, medical, management which used to attract a large number of students from the career's point of view.
Today the situation has completely changed. In fact, the law is at the top among the list of subjects study of which has seen a complete paradigm shift. Today many bright students are keen to study law and build a corporate career in it.
This paradigm shift has happened mainly because of the following situations or reasons:
- Professionalization of legal education
- Expansion of markets and consumerism
- Increase in regulations
- Corporation of legal jobs
- The increasing interest of foreign players in the Indian market
