WHAT IS THE SCOPE AND FUTURE OF LAW GRADUATES IN INDIA

Introduction -

Law as a profession in its heyday was in great demand and is still one of the most satisfying professions one can practice. There has been a steady increase in the number of law graduates who pursue degrees from elite law schools to get well-paid jobs. Litigation is one of the conventional options that a law student chooses after graduation. But in the modern scenario, there are various choices available to law graduates which they can choose as career options. Different fields like media law, corporate law, technology law etc. have a lot more to offer to law graduates. Today, making a career in litigation is very difficult because of low income and high competition. Fresh graduates have an interest in working in corporate law, law firms etc. and in those areas where they can earn more income. Generally experienced lawyers get clients quickly but nowadays people prefer young lawyers for their cases as young lawyers understand the changes required in society and they have the capability to make the changes that are needed. They can do much better while dealing with the changes in the practice of law in comparison to old lawyers. Out of all the professions, the law is the most ideal and respected one. Law graduates should understand the ethics of a lawyer and for this various platforms are there which provide online legal courses so that young lawyers can be groomed and learn the professional ethics of the legal field.

Scope and Future of Law Graduates -

Nowadays, there is a wide scope for law graduates. They have so many options for the future to move further with. The scope of the legal field for students can be understood in the following points-

Merger and Acquisitions: When two companies are combined as a joint venture it is known as a merger and when a company takes over another company it is known as an acquisition. In both situations, there is a need for a lawyer from both sides and they may work together in the drafting of the purchase agreement. Lawyers work as legal advisors in these kinds of cases of mergers and acquisitions.

Cyber Security Law: In today’s modern world, every activity is done through the internet like monetary transactions, communication etc. This is the reason behind so many cases related to cyber security coming forward. The scope of cyber security is rising day by day and this is a good option for young lawyers as today’s generation knows about the technological developments happening in day-to-day life. Cyber lawyers should have deep knowledge about this field and for this online law certification courses are also available which help to get all the knowledge about cyber security.

Intellectual Property Law: This law is related to the intangible properties that are the result of the creativity of people. For protecting these creations, intellectual property rights are there like copyright, trademark, patent etc. These rights can be violated too and for the settlement of these kinds of cases, an intellectual property lawyer is needed.

Insolvency and Bankruptcy Law: There was a tremendous stack up of non-performing credits in the bank and a postponement in the obligation goal. To determine this issue, the Indian Government ordered the Insolvency and Bankruptcy Code (IBC) 2016 which gives a period-bound cycle to determine indebtedness in an organization. Under this act, when a default in repayment happens then the lenders settle on choices to determine bankruptcy by controlling the debtor's assets. Therefore, corporate lawyers have a chance to rehearse Insolvency and Bankruptcy law and upgrade their pay in this field.

Young Lawyers can bring a change in the system -

There are so many options available that law graduates can choose as their career options. Nowadays so many cyber crimes are happening and there are cyber security laws also so the young generation can provide better advice to their clients as they know about the recent developments which are taking place in society.

Similarly, there are other specialized areas like media law, technology law, data protection laws, and so forth. Although many experienced lawyers are great at their job, they are not properly acquainted with modern technology. To that end, they can't be trusted with taking cases in regards to the issues emerging because of these advances. Then again, the young lawyers are adopting innovation better and are far ahead. They are believed to bring changes in the system too.

Conclusion -

Young lawyers are approached more and are viewed as better, particularly in law offices. But having both young and old lawyers on staff serves as the most ideal choice. It is natural when individuals are confronted with a legal issue, they would consequently run toward that advocate who holds similar thoughts as them. In the case of the older clients, they will run to that advocate only who has more experience. Likewise, more young clients will move toward young legal advisors. Moreover, in the approaching decade, India's lawful market is set to grow amazingly. Most law students who have completed their graduation are attracted to corporate law. As it appears, they are requesting an ever-increasing number of bright graduates consistently. The future of upcoming law graduates is bright as many new doors are opened for them and today’s generation knows about the recent developments so it is a great opportunity for them. Various Online legal certification courses are available for the students so that they can attend those courses and get an idea about different laws. This will give them an idea about how things work in which field. These online legal courses will also help them in choosing the right field for their future.