A law professional with a strong commerce background will be an attractive candidate for prospective employers. Corporates are increasingly looking for people who can give legal insights to better manage the business
Think about the changing global order. Countries are experiencing severe economic downturns, marked by market difficulties, regulatory responses, stimulus programs, changes in employment and other stressors. Amidst such uncertainties, which are the world’s most successful and profit-making companies? Most importantly, at a time when half of the world’s workforce is on the edge, what are hiring managers looking for, especially in the law arena?
Recruiters of private as well as public sector enterprises are looking for multi-disciplinary professionals, who can take a holistic approach to company operations and risk management that spans business units as well as areas of law. The International Labour Organisation (ILO) has also advocated that professionals with knowledge of at least two academic disciplines are more likely to get hired or retained in their jobs.
Enterprises, big or small, are increasingly seeking the expertise of law professionals who also possess a sound knowledge of subjects of commerce such as Accounting, Economics and Taxation. Legal departments are not only required to draft legal documents and conduct litigation, but they are also asked to take on the strategic management of legal risks to protect the value and assets of the company.
For students who want to make a name in Indian or foreign law firms or bar councils and have a keen interest in both commerce and law, the most apt academic program is a Bachelor of Commerce + Bachelor of Legislative Law, i.e., B.Com. LL.B. (Hons.).
Legal decisions impact economic outcomes
Interactions between law and academic principles such as commerce are increasingly gaining significance because of the tremendous crossover between the two fields. A solid background in commerce can help understand how legal decisions arise from economic considerations, thus giving a better picture of how courts make decisions in certain matters.
Lawyers with an equally strong grasp on subjects of trade have a better understanding of how financial markets function, and how industries organise themselves to maximise profits. They have greater insights into labour markets, which gives them an edge in contracting and negotiation. They are also well-versed with the trade-offs between environmental concerns and business interests, international law and treaties, financial flows, and globalization.
Notably, among the sitting judges of the Supreme Court of India, Honourable Justice Mr. A. M. Khanwilkar and Honourable Justice Mr. Aniruddha Bose, come from a commerce background.
A student with a degree in B.Com. LL.B. (Hons.) has insights into both legal principles and various economic situations, which distinguishes him/her from the rest of the crowd.
The duration of the program is five years divided into 10 semesters. The subjects range from Business Statistics, Financial Accounting, Auditing, Business Communication, Economics to Law of Contract, Woman, Child and the Law, History of Courts, Legislation and Legal Profession in India and Environmental Studies, to name a few.
Students are taught to deal with intellectually-stimulating challenges of the future. A B.Com. LL.B. (Hons.) with specialization in Taxation Law/Media and Entertainment Law/Legal Compliance and Secretarial Practices qualifies students for leading positions in the public offices and litigation profiles.
Why choose UPES School of Law?
Among the several universities offering the B.Com. LL.B. (Hons.) program, University of Petroleum and Energy Studies (UPES) School of Law stands out because of its exceptional pedagogy, carefully-crafted curriculum and unique instructional methods modelled after global trends in law education.
There are eminent industry experts on its advisory board such as Honourable Justice Mr. Swatanter Kumar, Former Judge and Chairperson, Supreme Court of India and Mr. Bhushan Kumar, Former Chairperson, Competition Commission of India.
The UPES School of Law conducts regular moot court sessions and workshops to hone the academic and professional skills of the students. These exercises provide an overall exposure in the skills required for a legal practitioner, a corporate attorney, an in-house counsel and in general. The skills of Client Counselling, Client Interactions, Note-making, Legal Writing, Effective Communication, Effective Presentation, Conducting Effective Conferences with the clients and stakeholders are developed and polished through such exercises. Resultantly, the UPES School of Law students have won over 210 awards in various competitions.
UPES and Surana & Surana International Attorneys formed a strategic alliance for B.Com. (LLB) Taxation Law Programmes, wherein Surana & Surana International Attorneys will assist in curriculum building, course delivery, faculty and student internships, and joint seminars/conferences.
UPES and The University of Law (ULaw) based in the United Kingdom signed a Memorandum of Understanding (MoU) to provide students with the opportunity to benefit from collaborative learning programmes by both the institutes.
The signing of this MoU will lead to benefits for law aspirants and faculty members alike in areas such as exchange programmes, online modules, research collaborations, collaborative seminars, moot courts, conferences, and student competitions.