And consulting with my professors along with the people whom my friends knew as corporate lawyers, I was able to understand that the job responsibilities in relation to this particular career is quite challenging. Undoubtedly, the sustenance as well as the legal viability of a corporate entity relies upon the shoulders and competitiveness of the lawyer which further determines the livelihood of many people. I also observed that corporate lawyers in today’s highly competitive scenario need to handle multiple deals at once, which further creates a mental as well as a physical stress upon the professionals making them work for 24x7. However, depending on the excellence of the professional, it can be affirmed that job security is greater in this career path in comparison to various other choices. It is in this context that corporate lawyers can also operate as a self-employed, once he/she gains the reputation of a reliable lawyer amid the industrial context (Graham, “My Law Career Lasted Two Years”; Guch, “Corporate Law: Area Of Practice”).The fundamental skills required to be possessed by a competitive corporate lawyer is the crucial understanding of the business operations in order to identify the clients’ needs and the actual legal problem along with the understanding of the judicial policies, which in turn assists them to address the issue with greater criticality as per the demand of the client. However, corporate lawyers also need to concentrate upon various other factors including the ethical concerns to support their clients, which in turn increase their mental pressure. Additionally, as the preparation of legal formalities and the entire process is considered as a lengthy and tiring process, the professionals may have to work for long hours witnessing physical stress as well (Schneider and Belsky 100-107).Nevertheless, the US Bureau of Labor Statistics report have predicted that a substantial rise in the demand for corporate lawyers is quite likely to take place within 2018 which increases the chances of gaining a competitive job position after my graduation. On an average, the current salary structure for a corporate lawyer is identified as USD 110,590 per annum which again increases with the experiences of the professional. The remuneration can also vary on the basis of the corporate firm and the criticality of the issues dealt with; hence, rendering greater opportunity of earning a handsome salary (Education-Portal.com,
Davidoff, Steven M. The Economics of Law School. The New York Times, 2012. Web. 04 Jan. 2013.
Education-Portal.com. Corporate Law Career Options and Salary Information. Financial, Banking, and Securities Law, 2013. Web. 04 Jan. 2013.
Fogg, Neeta P., Harrington, Paul E. and Harrington, Thomas F. College Majors Handbook with Real Career Paths and Payoffs: The Actual Jobs, Earnings, and Trends for Graduates of 60 College Majors. Indianapolis: JIST Works, Inc., 2004. Print.
Graham, Chris. My Law Career Lasted Two Years. The Globe and Mail, 2010. Web. 04 Jan. 2013.
Guch, Karen. Corporate Law: Area of Practice. GTI Media Ltd, 2013. Web. 04 Jan. 2013.
Montauk, Richard. LLM Fees and Costs. LLM Study, n.d. Web. 04 Jan. 2013.
Schneider, Deborah. and Belsky, Gary. Should You Really Be a Lawyer?: The Guide to Smart Career Choices Before, During and After Law School. United States of America: Niche Press, LLC, 2004. Print.
Wish, V. The Academic Path: Becoming a Law Professor. LLM Guide, 2012. Web. 04 Jan. 2013.
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