Updated on Sep 14, 2021 05:53 IST

Commercial Law, also known as Mercantile Law or Trade Law, is a branch of Law that deals with laws pertaining to trade, industry and commerce. Some of the common legal issues that are regulated or resolved through Commercial Law include contract violation, advertising and marketing disputes, unfair competition, consumer complaints and protection of intellectual property.

Here, we will provide you complete details regarding Commercial Law, its courses, subjects, syllabus, eligibility, entrance exams, job profiles and much more. Read on to know more about Commercial Law. 

Commercial Law Courses & Branches

Those interested in having a career in the field can pursue Commercial Law courses at undergraduate, graduate or postgraduate level. Candidates can pursue either integrated LLB (such as BA LLB, BBA LLB, BSc LLB) after Class 12, LLB after graduation or LLM after obtaining an LLB degree. Candidates can pursue both Commercial Law diploma as well as degree courses.

Commercial Law Branches

Some of the main branches of Commercial Law in which candidates can choose have a specialisation include:

Commercial Law Branches

Contract Law

Corporate Law

Tax Law

Property Law

Intellectual Property Law

Consumer Protection Law

Business Regulations

Commercial Law Eligibility & Entrance Exams

As mentioned above, candidates can pursue Commercial Law at both UG and PG levels. Given below is the basic Commercial Law eligibility criteria for both the levels:

UG Level

To pursue integrated LLB course right after school, candidates should clear Class 12 in any stream (Science, Commerce, Humanities) from a recognised board with minimum 45-50 per cent aggregate.

Those interested can also pursue the LLB course after completing graduation in any subject from a recognised university.  

PG Level

Candidates can pursue LLM in Commercial Law if they possess an LLB degree with minimum 50-55 per cent aggregate from a recognised college/university.  

Commercial Law Skills

Commercial Law firms are always clear on what they look for in their potential employees. While consistent academic record and relevant experience play a major role in deciding on a recruit, the Law firms also want to see a host of other skills and qualities that set him/her apart from his/her counterparts. Here are some top Commercial Law skills that candidates looking to pursue a career in the field should possess:

Commercial Law Skills

High ethical standards

Good interpersonal skills

Commercial awareness

Good project management skills

Attention to detail

Good language skills

Initiative and responsibility

Good negotiation skills

Good analytical skills

Good judgement skills

Popular Commercial Law Exams

Candidates seeking admission in Commercial Law degree courses offered at different universities and colleges can consider appearing in the following entrance exams:

Popular Law Entrance Exams

Common Law Admission Test (CLAT)

All India Law Entrance Test (AILET)

Law School Admission Test – India (LSAT India)

Delhi University LLB Entrance Exam (DU LLB Entrance Exam)

Check the complete list of law entrance exams in India. 

Commercial Law Subjects & Syllabus

Commercial Law degree courses in India are usually offered at postgraduate level. Candidates can choose their specialisation in Commercial Law during their LLM course.

Although the Commercial Law syllabus varies from one college/university to another, given below are some of the common subjects that are taught in an LLM Commercial Law programme:

LLM Commercial Law Subjects & Syllabus

Units

Subjects

Legal Research

Research Problems, Hypothesis, Methods & Tools

Legal Writing

Comparative Public Law

Public Law & Governance

Fundamental Rights in Public Law

Judiciary 

Legislature and the Executive

International Trade Law

World Trade Organization (WTO)

Law and Policy on Trade & Investment

Competition Law

Anti-Competitive Agreements

Abuse of Dominant Position

Competition Commission of India

IPR & Competition Law

Investment and Competition Law

Commercial Arbitration

Arbitration Agreement

International Commercial Arbitration

Enforcement of Arbitral Awards

Intellectual Property Law

Patent Law

Copyright Law

Geographical Indication Law

Investment Law

Shares

Securities Contracts

Securities and Exchange Board

Principles of International Investment Law

Corporate Law & Governance

Legislative Framework of Corporate Governance in India

Corporate Governance and Shareholder Rights

Risk Management

Corporate Social Responsibility

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Commercial Law Job Profiles & Top Companies

Popular job profiles for candidates successfully completing a Commercial Law course include:

  • Legal Manager: The professional is typically responsible for tasks such as legal review, proof reading redlining of contracts and managing the relationship and processes with internal clients.
  • Contract Attorney: The professional works closely with clients and provides all the commercial and transactional support required. The person is also responsible for drafting, reviewing and negotiating different contracts and transactional documents.
  • Legal Advisor: The professional is responsible for identifying, managing and mitigating legal risk issues across the firm. S/he provides preventative legal guidance and risk training to the firm.
  • Legal Researcher: The professional is responsible for conducting all the legal research related to an assigned project.
  • Legal Assistant: The professional is responsible for assisting the higher lawyer with the trials. The person also assists in documents, information gathering, etc.

Some of the top Law firms in India include:

  • Ahlawat & Associates
  • Khaitan & Co.
  • Sagar Associates
  • Anand & Anand
  • Desai & Dewanji
  • AZB & Partners
  • Trilegal India

Important FAQs regarding Commercial Law

Q: What does Commercial Law involve?

A: Commercial Law involves legal issues pertaining to business, trade, commerce and industry. The branch of Law resolves issues related to intellectual property, contract violation, consumer complaints, etc.

Q: What is the role of a Commercial Lawyer?

A: The role of a Commercial Lawyer depends on the field in which s/he specialises. However, a typical day in the life of a Commercial Lawyer involves reading and revising contracts, drafting legal documents, reviewing mergers, etc.

Q: Who are the clients of a Commercial Lawyer?

A: Clients of a Commercial Lawyer usually include insurance companies, real estate companies, banks, government agencies, etc.

Q: What are the various Commercial Law branches?

A: Various branches of Commercial Law include Intellectual Property Law, Tax Law, Property Law, Corporate Law and so on.

Q: What are the qualities of a good Commercial Lawyer?

A: Some of the qualities that a good Commercial Lawyer should possess include analytical skills, commercial awareness, project management skills, negotiation skills, etc.

Q: How to enhance commercial awareness in Law?

A: To enhance commercial awareness, it is important to keep yourself up-to-date regarding the developments in the world of business such as mergers and acquisitions. You can read reputed newspapers such as Financial Times for the same.

Q: How to become a Commercial Lawyer?

A: To become a Commercial Lawyer, you first need to possess an LLB degree. You can enroll in an LLB course right after class 12 or even after graduation. Once the LLB programme is over, you can enroll in an LLM Commercial Law degree course. Those interested can also look for Commercial Law diploma courses at postgraduate level. 

Q: What is the difference between Commercial Law and Business Law?

A: Commercial Law and Business Law are very similar in nature. While Commercial Law focuses on the sale and distribution of goods, as well as financing of certain transactions, Business Law, on the other hand, focuses on other aspects of business such as forming a company, mergers and acquisitions, shareholder rights, etc.

Q: Which are the top entrance exams for Commercial Law?

A: Some of the top entrance exams that candidates can give for admission in LLM Commercial Law degree include CLAT PG, AILET PG and LSAT India PG. 

Q: Which are the various job profiles in Commercial Law?

A: After completing a course in Commercial Law, candidates can look for jobs in profiles including Legal Advisor, Senior Associate, Legal Researcher, Legal Assistant and Contract Attorney.

Q: Is Corporate Law a part of Commercial Law?

A: Yes, Corporate Law is branch of Commercial Law. Candidates can pursue Corporate Law as a specialisation at UG/PG level.

Popular Commercial Law Colleges in India

Following are the most popular Commercial Law Colleges in India. Learn more about these Commercial Law colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
30 K

#2 NIRF

1.08 L
8.5 LPA

#3 NIRF

2.39 L
8 LPA

#10 NIRF

1 Course
1.24 L
5 LPA

#9 India Today

1.04 L

#20 NIRF

1.4 L
3.6 LPA

#19 NIRF

Popular Private Commercial Law Colleges in India

40 K
3.55 LPA

#30 Outlook

2.39 L
8 LPA

#10 NIRF

2 Courses
2.55 L
4.35 LPA
30 K

#2 NIRF

1.08 L
8.5 LPA

#3 NIRF

1 Course
1.24 L
5 LPA

#9 India Today

Popular Commercial Law UG Courses in India

Following are the most popular Commercial Law UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Commercial Law PG Courses in India

Following are the most popular Commercial Law PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Comments

K

Khushitayalkpg

2021-12-30 00:41:26

Which are some of the law colleges without Maths with high placement jobs?

Reply to Khushitayalkpg

39421129
Vipin Bihari Yadav

Guide-Level 12

2 months ago

Hii, Name of Institute/ CollegePlacement score
National Law School of India University, Bengaluru 4.8
National Law University, Delhi 4.0
NALSAR University of Law, Hyderabad 4.0
Indian Institute of Technology, Kharagpur 4.0
thanks,. .

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