Law is a career that comes with endless opportunities and options. It gives you a huge scope as a career and there is something in the bucket for everyone. With the rapid development of society, disputes are also increasing manifold. This calls for exponential growth in the demand for lawyers.
Along with some traditional fields that never go out of demand, there are some new domains that are seeing a huge demand for lawyers. In this article, we will discuss the top emerging areas of practice for professional lawyers, which can give them a great flight in their legal careers.
If you want to become a Lawer then you have to crack the CLAT for admission to Govt colleges or universities and cracking the CLAT is not an easy task, you have to work hard for cracking the CLAT, you have to join the best coaching for CLAT, and take many CLAT test series and Most important you have to believe in yourself.
These are the area of practice for Commerical lawyers in India
Banking and Finance Practice
The primary role of a lawyer in the banking and finance sector is to draft and examine mortgage deeds, loan agreements and various other documents. They work to protect the interest and provide legal guidance and assistance to the banks to recover their amount. They help in drafting laws regarding inter-corporate debt and other categories of transactions involving the directors, promoters and stakeholders of the company.
A capital markets attorney works with a company or investment bank to advise on legal and regulatory matters. They draft documents, negotiate contracts, and work with bankers to obtain approvals from various external parties such as regulators, listing agencies, and rating agencies. They aim to provide adequate financing to the company by structuring the security on terms that are acceptable to the investors.
Britannica defines commercial arbitration as, “Commercial arbitration is a means of settling disputes, a neutral person, an arbitrator, chosen by the parties to adjudicate on the basis of evidence and arguments presented to the arbitration tribunal.” The primary role of a commercial arbitration lawyer is to help his clients advance their claims, preparing arguments and arguments on merit before arbitrators.
India has started on its path of digitization and in this journey; It has seen a huge boom in the e-commerce industry. With everything shifting to the internet, the controversy has made its way into the world of e-commerce as well. This has given the legal community a new field of practice. The job of an e-commerce lawyer is to assist clients with complex business, structure, regulatory and legal issues associated with e-commerce businesses. They advise clients on teaming agreements, licensing contracts, hosting maintenance and development agreements, technology escrow, equipment leasing, software maintenance, support contracts, and more.
General Corporate Law
Corporate lawyers help their clients incorporate subsidiaries, liaisons, or branch offices. They offer advice on matters such as investment options, structuring and layering of group companies, restructuring of corporate entities, etc.
Insolvency and Reorganization
According to a survey conducted by the World Bank in 2016, it takes an average of 4.3 years to complete the insolvency process in India. While being a bankruptcy and reconstruction lawyer, one has to act on behalf of their client companies when they are facing bankruptcy or acute financial crisis. They also help the directors of solvent companies who have opted to liquidate their company to remove the retained profits.
An investment lawyer resolves disputes related to the purchase or sale of investments. With the introduction of the Integrated Foreign Direct Investment (FDI) policy, which aims to make India more investor-friendly, the scope of investment lawyers has increased manifold. It also allows investment lawyers to explore the area of foreign investment.
Merger and Acquisition Practice
The roles of an advocate practising in this field include drafting important documents related to M&A, due diligence related to the affairs of the target company, filing forms before the Registrar of Companies, helping in creating the required corporate structure for the transaction. To do involves talking. Consult with other party legal advisors on a variety of issues and exit opportunities during various stages of fundraising, open offerings, or IPOs.