options open to them: a litigation firm or a corporate law firm. Most candidates find this to be the most worrisome time. They are assailed with uncertainties in both these settings where in one involves a boardroom and the other involves a courtroom. Therefore, it is required by the candidates to gain relevant knowledge about both these options and consider the host of factors that may influence their final choice. It is important that the candidate does not live or carry on the profession with regrets.
Requirements for a litigation lawyer
Typically, a bit of research will show that most of the litigation law firms in Delhi are expanding their litigation teams for good reasons. This simple fact may make a candidate think that litigation practice is one of the most lucrative options. Yes, it can be true for you only if you have adequate experience in this specific arena of the judicial system and at the same time have someone in the family to offer solid support as and when required. In addition to that, it is a lot of patience, due diligence and exceptional communication skills are also required along with ability for critical analysis besides articulation.
Corporate law basic requirements
You may also join a Legal firm in India to pursue corporate law but for that you will need to have two basic requirements. In the corporate sector it is important that you have an in-depth knowledge about compliance with different laws. Apart from that, knowledge of corporate governance is also required to ensure effective operation of the business. In many situations you will also need to advice on alliances in different forms. Therefore, to make the perfect choice between transactional work and litigation practice it is paramount that you first identify your skills and evaluate it.
Litigation versus corporate
If you have excellent communication skills as well as a very strong belief in the accusatorial mode then litigation may be a better career option for you. However, you should also have the ability for exoneration of rights. On the other hand, it is best to join a Law firm in India that deals with transactional or corporate practice if you believe in strategic alliances and have a low interest in settling conflicts between two parties. In addition to that, financial and economic data must also be favorable to follow such a practice. Corporate practice is the most viable option to those candidates who are disgruntled with the precincts of litigation when it comes to dispute resolution.
Nature of work
Another strong influencing factor is the nature of the work. Litigation practice will mean dealing with litigation conflict. If you feel disgruntled with an indiscriminate litigation then this is not for you. People who advocate for a lone cause or does not want to be on the wrong side of any issue ever or always, litigation must not be preferred. There are healthy sets of imperatives revealed in both these areas through a comparative analysis. It all depends on your support system and aspirations. You must weigh the pros and cons of it taking cue from the top lawyers in India to throw come light on such core issue to avoid internal conflict.
The current scenario
There is a mixed trend noticed in the legal market while choosing career options. Apart from these traditional options, there are a few other streams opened up to choose such as research, academia and publication along with the emerging new trends like Taxation, Intellectual Property, Sports Law, Competition Law, and Arbitration.