Corporate Law is considered as one of the most lucrative career options for law graduates in India. This is a very reputed and respected field of law and needs the aspirants to be hardworking, competitive and thorough with Business Law and other related areas.
Salary of Corporate Lawyers in India
A corporate lawyer's salary in India can range between INR 18,000 to INR 1,50,000 per month depending on several factors including experience, location, etc.
Source: Glassdoor
Corporate Lawyer Salary by Location*
Mumbai: The highest salary for a Corporate Lawyer in Mumbai is INR 26,00,000 per year and the lowest salary for a Corporate Lawyer in Mumbai is INR 1,65,674 per year. The average salary for a Corporate Lawyer is INR 9,48,476 per year in Mumbai. [1]
Bangalore: The highest salary for a Corporate Lawyer in Bangalore is INR 5,00,000 per month and the lowest salary for a Corporate Lawyer in Bangalore is INR 21,000 per month. The average salary for a Corporate Lawyer is INR 2,77,931 per month in Bangalore. [2]
Delhi: The highest salary for a Corporate Lawyer in New Delhi is INR 60,000 per year and the lowest salary for a Corporate Lawyer in New Delhi is INR 40,000 per year. The average salary for a Corporate Lawyer is INR 50,000 per year in New Delhi. [3]
Chennai: The highest salary for a Corporate Lawyer in Chennai is INR 1,00,000 per month and the lowest salary for a Corporate Lawyer in Chennai is INR 51,000 per month. The average salary for a Corporate Lawyer is INR 77,442 per month in Chennai. [4]
Kolkata: The highest salary for a Corporate Lawyer in Calcutta is INR 27,000 per month and the lowest salary for a Corporate Lawyer in Calcutta is INR 13,000 per month. The average salary for a Corporate Lawyer is INR 19,918 per month in Calcutta. [5]
Hyderabad: The average salary for a Corporate Lawyer is INR 1,03,208 per month in Hyderabad. [6]
Cochin: The average salary for a Corporate Lawyer is INR 20,923 per month in Cochin. [7]
Chandigarh: The average salary for a Corporate Lawyer is INR 49,111 per month in Chandigarh. [8]
Note: The salary estimates are based on data submitted in March 2022 by Corporate Lawyer employees who are working in the top corporate industry in India.
What does a Corporate Lawyer do in India?
A corporate lawyer handles all the company’s legal transactions. They are responsible for consulting and leading all corporate legal processes such as mergers, compliance issues, transactions, partnerships and lawsuits. A corporate lawyer prepares legal documents for trials or court proceedings and evaluates new business partnerships with vendors and subcontractors.
A corporate lawyer represents companies in legal proceedings and protects them against any legal risks and violations. They design and oversee company policies and examine the legal issues related to new products and services. Corporate lawyers negotiate the deals on behalf of companies and also guide the management on issues to ensure compliance with legal regulations.
Factors affecting the Salary of Corporate Lawyers in India
Many factors determine the salary of Corporate Lawyers in India. Some of them are discussed below:
Location: The location plays an important role in determining how much a person can earn as a corporate lawyer. Some locations in India like: Delhi, Bangalore, Chennai, Mumbai, etc. offer higher salaries than the national average while some places like Pune, Kolkata, Noida, Ahmedabad, etc. offer lesser than the national average salaries.
Education: It plays a great transformative role in the aspirant’s life. They must have done graduation in 3 years LL.B. course or 5 years integrated B.A. LL.B. degree from a recognized university in India. An LLM in corporate law might help candidates get a better package of salary.
Experience: It is one of the most vital factors in influencing the salary of corporate lawyers. The entry-level corporate lawyer who has fewer experiences and knowledge in the corporate law field earns less while the experienced corporate lawyer earns a good amount of money.
Skills: This is one of the notable factors which affects corporate lawyer salaries in India. Corporate lawyers who have skills and knowledge in corporate governance, mergers and acquisition, contract management, contract negotiations, etc. earn more than others. So, if the employees want to earn handsome salaries in the world of corporate law then they must start focusing on on-demand skills.
Employer: Corporate Law is one of the most sought after career options. A corporate lawyer can work in any type of industry and their expertise and skills can be used in almost all sectors in India, particularly in commercial law.
Conclusion
Corporate law is a versatile career option. Corporate lawyers have the potential to get paid handsomely depending on education, experiences, skills and knowledge they carry.
These are estimates based on information derived from different sources.
[1] https://www.glassdoor.co.in/Salaries/mumbai-corporate-lawyer-salary-SRCH_IL.0,6_IM1070_KO7,23.htm
[2] https://www.glassdoor.co.in/Salaries/bangalore-corporate-lawyer-salary-SRCH_IL.0,9_IM1091_KO10,26.htm
[3] https://www.glassdoor.co.in/Salaries/delhi-corporate-lawyer-salary-SRCH_IL.0,5_IS4937_KO6,22.htm
[4] https://www.glassdoor.co.in/Salaries/chennai-corporate-lawyer-salary-SRCH_IL.0,7_IM1067_KO8,24.htm
[5] https://www.glassdoor.co.in/Salaries/calcutta-corporate-lawyer-salary-SRCH_IL.0,8_IM1086_KO9,25.htm
[6] https://www.glassdoor.co.in/Salaries/hyderabad-corporate-lawyer-salary-SRCH_IL.0,9_IM1076_KO10,26.htm
[7] https://www.glassdoor.co.in/Salaries/cochin-corporate-lawyer-salary-SRCH_IL.0,6_IM1082_KO7,23.htm
[8] https://www.glassdoor.co.in/Salaries/chandigarh-corporate-lawyer-salary-SRCH_IL.0,10_IC2879615_KO11,27.htm
