LLM in Commercial Law

One of the most popular alternatives for law students nowadays is an LL.M. in Business / Commercial Law. In a nutshell, LLM programmes in Business Law or Commercial Law concentrate on a variety of facets of business, ranging from finance to the selling and distribution of goods and services, as well as mergers and acquisitions and corporate governance. As a result, an LL.M. in Business or Commercial Law will cover a diverse set of topics. Contract law, income tax, employment law, trade restrictions, shareholder issues, and other topics might be covered in a normal LL.M. in Business law. Many overlapping areas and others, such as intellectual property law, corporate law, and investment law, will be covered in an LL.M. in Commercial Law. This blog is your source of reliable information about the LLM in Commercial Law!

Course Level	Masters
Duration	1-2 years
Admission process	Entrance
Fees	INR 20,00 to INR 3,00,000
Average Salary	INR 8,00,000 to INR 15,00,000 (per year)

About the LLM in Commercial Law

A two-year Master’s programme in legal studies, LLM Corporate and Commercial Law. The course covers business procedures such as company formation, mergers and acquisitions, intellectual property, franchising, sales, and distribution. To be eligible for the LLM Corporate and Commercial Law programme, the candidate must hold an LLB or equivalent law degree. The LLM Corporate and Commercial Law programme provides a variety of professional opportunities in the public and private sectors working with business-related legislative activity.

Check out this Blog: LLM: Know All About Master in Laws

Why Study LLM in Commercial Law?

The LLM in Commercial Law is designed for lawyers and business professionals who want to gain a deeper understanding of commercial law.

The programme is intended for those who want to work in the following fields:

• Legal profession and seek to specialise in commercial law, tax law, or international trade law.
• The LLM is also an excellent preparation for advanced research and subsequent postgraduate study, such as a PhD.

Top Universities Abroad for LLM Commercial Law

University	Location	Fees
Queen Mary University	London, UK	INR 27,78,857 full course
Harvard Law School	Cambridge, USA	INR 52,24,971 (total)
Columbia Law School	New York, USA	INR 66,43,180 (total programme)
Georgetown University	Washington DC, USA	INR 1,84,665/per module
UCLA School of Law	Los Angeles, California	INR 45,15,868
University of Nottingham	Nottingham, England	INR 18,59,134 (full course)
University of Manchester	Manchester, UK	INR 19,05,613 (total)
Edinburgh University	Edinburgh, Scotland	INR 22,30,600 (total)

Top Universities in India for LLM in Commercial Law

University	Location	Fees (per year)
National Law University	Jodhpur	INR 1,50,000
Jamia Millia Islamia	Delhi	INR 8,700
Symbiosis Law School	Pune	INR 1,65,000
Kalinga Institute of Industrial Technology	Bhubaneswar	INR 1,20,000
Nalsar University of Law	Hyderabad	INR 1,75,000

Course Curriculum

Although different universities have a syllabus of their own, following is a list of a few subjects that are included in the course curriculum of LLM in Commercial Law:

• Law of Corporate Finance
• Company Law
• International Trust Law
• Derivatives in Legal Context
• Insurance Law
• Commercial Banking
• CSR ( Corporate Social Responsibility)
• Comparative Public Law
• Research Methodology and Legal Writing
• Banking and Insurance 
• Capital Market Laws
• Foreign Trade Policies
• Intellectual Property Law
• International Trade Law
• Principles of Corporate Law
• Law and Justice in a Globalized World
• Philosophy of Law
• Practical Research
• Corporate Legal Framework
• European Procurement Law

Eligibility

Here is the eligibility criteria for the LLM in Commercial Law abroad and in India:

Abroad

• Applicants must have graduated from a recognised university or college with a law degree, such as an LLB or a 5-year Integrated LLB programme.
• Valid PTE/TOEFL/IELTS scores that meet the university’s minimum percentile standards. GRE scores may be required by some law schools.
• The candidate must have met the university’s minimum GPA requirements.

India

• The candidate must have earned a law degree (LL.B) or an equivalent degree from a recognised university.
• A minimum of 50% in the qualifying programme is required of the candidate. (In some colleges, the minimum % may differ.)
• There are no age restrictions.

You might be interested in: Law Entrance Exams: India & Abroad

Application Process

Following is the application process to apply for th LLM in Commercial Law abroad and in India:

Abroad

• Choose the best university for a Master’s in Law degree.

First and foremost. If you wish to study Law in another country, you must first determine which university is the greatest fit for you. When making your decision, think about the country, the city, the university’s reputation, tuition fees, and whether or not the university offers good Law degrees to overseas students.

• Admissions requirements for an L.L.M degree in general

Holding a suitable Bachelor’s degree and having decent English abilities are the standard entry requirements for a Master’s degree in Law. What does it mean to have a relevant Bachelor’s degree? It is debatable. Only a Law Bachelor’s degree is required by some universities. Others are more lenient and will accept undergraduate degrees in the social sciences and humanities, but not in law. Others, on the other hand, will accept diplomas in Engineering, Natural Sciences, Finance, and other fields as long as the Master’s degree is focused on practicing law in that discipline. Environmental law, financial law, and medical law are examples of such degrees. In fact, in the case of such programmes, institutions may prefer that you obtain a non-law degree.

• Examinations :

TOEFL iBT : 88

TOEFL PBT : 570

IELTS : 6.5 – 7.0

C1 Advanced: 180

• Grade Point Average: 

Your GPA is your cumulative grade point average from previous coursework. Most Law programmes that ask for your GPA specify a minimum of a ‘B+’ (3.33/4.33), especially if you hold a Law degree. The CGPA (Cumulative Grade Point Average), which is calculated differently than the GPA, is another accepted exam score.

In most cases, a 2.50 CGPA is required to meet entrance standards (out of 4.00).

• Other: 

Work Experience – Work experience or volunteer work in a relevant sector is highly valued by international universities. You should have roughly 2 years of relevant professional experience in order to be considered. It’s also possible that research initiatives will fall under this category. This experience does not have to be related to the legal field. For example, experience working in human rights organizations may be necessary for a Human Rights Law Master’s, whereas experience working in the corporate sector may be required for a Commercial Law Master’s.

Course requirement : If you haven’t completed a law-related Bachelor’s degree, certain universities may need you to attend a preparatory course in order to be on par with the other students. And, if you really want to wow the admissions committee and show them that you’re serious about being a lawyer, you can take some post-graduate courses that will help you specialize in specific areas of law after you’ve completed your Bachelor’s degree in law.

Interviews : Interviews are a typical aspect of a Master’s in Law application, especially if you don’t have a Bachelor’s in Law but have legal or comparable professional experience. During the interview, you’ll discuss your practical experience and knowledge, as well as your professional goals and reasons for applying to that particular graduate programme. If your Master’s degree is in legal research, you’ll need to explain how your research idea fits into the curriculum.

India

The candidate must complete a selection process that is acceptable to the college/university where they desire to study. The most typical strategy is to combine merit and an entrance exam. To apply for institutions that offer merit-based admission, students must complete the processes outlined below: 

• Check the entrance requirements at the college admission department office or on the official website; complete and submit the L.L.M. admission forms according to the college/instructions and format/dimensions.
• The forms will be processed by the admissions department of the particular college or university.
• Before providing admission, a college or university may invite selected candidates for a personal interview and group discussion rounds.

Many colleges and universities recognize PG-CLAT, AILET, and LSAT India as national level entrance tests. Colleges and universities may have their own entrance exams. Most schools and universities need a minimum aggregate grade point average in a qualifying undergraduate course, which is usually about 50%.

Documents Required for LLM in Commercial Law

This is a list of the documents required when applying for the LLM in Commercial Law:

• CV
• GRE Score/GMAT Scores
• Recent photographs
• Copy of passport and/or national ID
• Language certificates
• Statement of Purpose
• Letter Recommendation
• Research Proposal
• Transcripts (from all the Universities previously attended)
• University Diploma or recognised Access/Foundation course

Career Scope after LLM in Commercial Law

After finishing the LLM in Commercial Law, graduates can pursue an MBA in Business Law. This course will assist them in comprehending how the law and legal procedures work in the sphere of company administration and management. Students should pursue an LLD (Doctor of Law) degree because it will assist them in establishing a career in legal research and teaching. They can also enrol in six-month to one-year PG Diploma and Certificate courses in law to further their legal understanding.

Job Profiles

Job Profiles	Average Salary (per annum)
Judge/Magistrate	INR 13,00,000
Professor/Teaching	INR 5,00,000
Legal Expert	INR 6,00,000
Corporate Associate	INR 4,00,000
Corporate Lawyer	INR 10,00,000
Asset Manager	INR 7,00,000

FAQs

This was all about the LLM in Commercial Law program. If you wish to pursue a career in this field, call the experts at Leverage Edu today and get all the guidance you need regarding the application process!