The position of the corporate legal sector in India has remained the most lucrative career path for legal professionals. The demand for skilled corporate lawyers is always high. The demand for skilled corporate lawyers is at an all time high. In today’s world companies are looking for corporate lawyers to manage the risks and ensure the legal compliance. A corporate lawyer is indispensable to protect the company’s assets and reputation. More and more companies are hiring corporate lawyers to keep their operations secure and smooth. In this post, we will cover the salary of a corporate lawyer in India. The salary is based on experience and location and explores the companies that are hiring corporate lawyers.
Salary of Corporate Lawyer for Freshers in India
For new corporate lawyers in India, the salary varies depending upon the city, company and the individual’s skills. On an average, a corporate lawyer who is just about to start their career can expect to earn something around Rs 150000 to Rs 1800000 approximately. The salary of a corporate lawyer depends upon the job location and the company size.
Key Responsibilities:
- Draft contracts and agreements
- Review corporate documents and policies
- Handle intellectual property matters
- Assist senior lawyers in litigation and issue compliance
- Advising on acquisitions, mergers and corporate transactions
Job Profiles Available at This Stage with Salary:
Check below the job profiles available for freshers:
| Job Profile | Average Salary (₹) |
| Junior Corporate Lawyer | ₹30T/mo |
| Legal Associate | ₹5L/y |
| Compliance Officer | ₹7L/yr |
| Contract Manager | ₹12.0L/yr |
| Junior Legal Counsel | ₹3L/yr |
Salary of Corporate Lawyer for Experienced Professionals
As experienced corporate lawyers, the earning potential also increases significantly. With many years of experience, corporate lawyers can expect to earn a salary from Rs 1 lakh to Rs 22 lakh depending upon the city and the company. Experienced corporate lawyers are known to take on complex cases and have a better understanding of the law.
Key Responsibilities:
- Leading and Managing acquisitions and mergers
- Negotiating complex agreements and contracts
- Provide strategic legal advice to senior management and stakeholders
- Oversee corporate risk management
- Handle high profile intellectual property and compliance issues
Job Profiles Available at This Stage with Salary:
| Job Profile | Average Salary (₹) |
| Senior Corporate Counsel | ₹30.0L/yr |
| Legal Manager | ₹10.0L/yr |
| Senior Compliance Officer | ₹6L/yr |
| Legal Counsel (Senior) | ₹14.5L/yr |
| Corporate Legal Advisor | ₹38T/mo |
Salary of Corporate Lawyer in India City Wise
Check below the salary of Corporate Lawyer in India based on cities:
| City | Salary (INR) |
| Mumbai | 4 LPA – 18 LPA |
| Chennai | 4 LPA – 12 LPA |
| Bangalore | 1.5 LPA – 22 LPA |
| Delhi | 1.5 LPA – 20.9 LPA |
| Pune | 1.5 LPA – 22 LPA |
5 Ways to Earn More Salary as a Corporate Lawyer
A successful corporate lawyer career depends on various factors such as market demand,reputation, skill set, professional development, continuous learning. Check below top 5 ways to earn more salary as a corporate lawyer:
- They should develop expertise in a particular area of corporate law to be more valuable to clients and employers. They should focus on niche such as intellectual property, mergers and acquisitions, securities law, etc.
- They should build a strong professional network. They should cultivate relationships with other lawyers, potential clients and professionals.
- Many corporations hire lawyers in house to handle their legal matters. They get competitive salaries, benefits and opportunities for growth in careers. They should look for such openings and should go for transitions in alignment with their career goals.
- They should explore opportunities abroad and find higher salary jobs or work on legal matters involving different countries. Certain countries and large organisations offer more attractive salary packages for experienced corporate lawyers.
- Lawyers who are ready to work for more hours will be able to make more money as a corporate lawyer in India. By managing time wisely, delegation of tasks when possible and making the process of work easy. This will increase the number of fruitful working hours without sacrificing the work quality.
FAQs
Students who are aspiring to become corporate lawyers should be from streams like commerce, science, humanities, etc.
Corporate lawyers play an important role in ensuring that the businesses are operating within the legal framework and are also effectively navigating the difficulties of corporate compliance and transactions.
Corporate lawyers are responsible for various business transactions such as joint ventures, mergers and acquisitions, other corporate activities, etc.