Commercial Law: Fees, Admission 2023, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff
Radhika SharmaAssociate Senior Executive
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.
Commercial Law courses can be pursued by candidates who already have a bachelor's degree or even a master's degree in any subject. Many candidates who have pursued CA or CS also pursue Commercial Law specialisation after completing their basic educational qualifications. LLB or LLM in Commercial Law is offered across most private and government universities which prepares candidates to understand the nuances of law and apply them in various matters.
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.
Latest Updates
- CLAT 2024 Registration open, Exam on December 3, 2023
- AILET 2024 Applications have begun from August 7, 2023. Aply Now
- Application for AIBE XVIII is open, Apply Now
- Calcutta University Entrance Exam 2023 application process to start soon
- Commercial Law Course Highlights
- All About Commercial Law
- 2.1 Why pursue Commercial Law?
- 2.2 Who can pursue Commercial Law?
- Commercial Law Eligibility
- Top Entrance Exams for Commercial Law 2023
- Commercial Law Courses
- Commercial Law Subjects & Syllabus
- Top Colleges for Commercial Law
- 7.1 Top NIRF Ranked Law Colleges 2023
- 7.2 Top Government Colleges for Commercial Law
- 7.3 Top Private Colleges for Commercial Law
- Commercial Law Career, Scope and Job Profiles
- 8.1 Commercial Law Recruiters
- Important FAQs regarding Commercial Law
Commercial Law Course Highlights
The highlights table provides information about the course types, duration, course fee and entrance exams for pursuing Commercial Law. Candidates can refer to this table for an idea about the average salary offered after completing this course as well as the top recruiters for commercial law graduates. Check key points related to courses related to Commercia Law in the table below:
| Commercial Law Highlights | |
|---|---|
| Course Level | UG, PG, PhD |
| Mode of Study | Offline, online Full-time, part-time |
| Course Type | Degree, diploma, certificate |
| Course Duration | UG: 3-5 years PG: 1-2 years Certificate: Few hours to 6 months |
| Eligibility | UG: Class 12 or Graduation PG: Three-year/ Five-year LLB Certificate: Class 12 or Graduation |
| Admission process | Entrance-based, Merit-based |
| Course Fees | 10K- 5 lakhs |
| Top Colleges | NLU Delhi, NALSAR, NUJS, SOA University |
| Average Salary | 3-8 LPA |
| Top Recruiters | Trilegal India, Khaitan &Co., Ahlawat & Associates, Sagar Associates |
| Entrance Exam | CLAT UG, CUCET, SLS AIAT, ULSAT |
| Job Positions | Legal Manager, Contract Attorney, Legal Advisor, Legal Researcher, Legal Assistant |
All About Commercial Law
The branch of law which deals with all business, commerce, and consumer interactions fall under the category of Commercial Law. It deals with both private and public law issues and is a branch of civil law. It includes various legislations such as Sale of Goods Act, Indian Contract Act, Negotiable Instrument Law and Bankruptcy Law. Due to its ever-changing nature, Commercial Law is a developing field of law and therefore requires trained professionals for addressing complex contractual regulations.
Also Read:
Why pursue Commercial Law?
Caniddates can pursue Commercial Law because it offers high earning potential and job security. Professionals can establish their career in this field by opting from a variety of practice areas such as Securities Law, Contracts Law, Negotiable Instruments Law and Intellectual Property Law. This course also provides expertise to candidates who are pursuing CS or CA and wish to enter into the field of litigation. Therefore candidates can pursue LLM or PG Diploma courses in the field of Commercial Law.
Also Read: Top 10 Law Schools in India based on NIRF Law Rankings 2023
Who can pursue Commercial Law?
Candidates who have strong analytical and problem-solving skills must pursue this course, since drafting and executing contracts require presence of mind and critical thinking abilities. Moreover, candidates who are passionate about establishing a career in commercial space and work with companies or National Company Law Tribunal must definitely pursue LLM or PG Diploma in Commercial Law after completing LLB. Commercial Law in India is a popular course offering exciting career opportunities to professionals.
Also Read: All About NLU Courses- LLB, LLM, PhD and Distance Courses
Commercial Law Eligibility
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:
| Commercial Law Eligibility | |
|---|---|
| UG Level |
|
| PG Level |
|
Top Entrance Exams for Commercial Law 2023
Candidates who wish to pursue UG and PG courses in Commercial Law must appear for various entrance examinations in order to secure admission in top colleges. Candidates seeking admission in Commercial Law degree courses offered at different universities and colleges can consider appearing in the following entrance exams:
| Name of the Exam | Exam Details | Counselling Details |
|---|---|---|
| LSAT 2024 | January Session: 14 Aug '23 - 10 Jan '24 May Session: 14 Aug '23 - 7 May '24 |
January Session: 20 Jan '24 - 21 Jan '24 May Session: 16 May '24 - 19 May '24 |
| CLAT 2024 | Registration: To be announced |
Exam Date: 3 Dec '23 |
| AILET 2024 | Registration: 7 Aug '23 | Exam Date: 10 Dec '23 |
| AIL LET 2024 | Registration: Apr '24 - May '24 | Exam Date: Jun '24 |
| MHCET Law 2023 | 30 Jun '23 (First merit list) | August '23 Click here |
| Calcutta University Entrance Exam 2023 | To be notified | To be notified |
| APLAWCET 2023 | Results declared on 16 June '23 | To be notified Click here |
| Registration: 19 Jun '23 - 26 Jun '23 |
Exam Date: 6 Jul '23 - 13 Jul '23 | |
| Lloyd LET 2023 | Registration:10 Feb '23 - 15 Jul '23 |
Exam Date: July- August |
| RULET 2023 | Exam Date: 15 Jun '23 |
August '23 Click here |
Also Read: Top Law Entrance Examinations 2023
Commercial Law Courses
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. Some of the main branches of Commercial Law in which candidates can choose have a specialisation include:
| Commercial Law Branches |
|
|---|---|
| Property Law |
|
| Consumer Protection Law |
|
| Business Regulations |
|
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:
| Commercial Law Subjects | |
|---|---|
| Legal Research |
|
|
|
| Comparative Public Law |
|
|
|
|
|
|
|
| International Trade Law |
|
|
|
| Competition Law |
|
|
|
|
|
|
|
|
|
| Commercial Arbitration |
|
|
|
|
|
| Intellectual Property Law |
|
|
|
|
|
| Investment Law |
|
|
|
|
|
|
|
| Corporate Law & Governance |
|
|
|
|
|
|
|
Also Read:Corporate and Commercial Law Syllabus
Top Colleges for Commercial Law
Candidates choose colleges on the basis of their fee structure as well as the placement opportunities. There are around 54 law colleges which offer courses in Commercial Law across all levels of education such as UG, PG and Doctorate. Some colleges also offer short-term diploma courses in Commercial Law. The admissions to these courses are done purely on the basis of entrance tests or conducted by the university or consortium of colleges or any state-level entrance examination. For diploma or short-term courses, colleges admit students on the basis of merit. Some of the top government and private colleges are in the list below. The colleges mentioned in the table are listed alphabetically and not in any order of ranking hierarchy.
Top NIRF Ranked Law Colleges 2023
NIRF Ranking is a vital statistical information to determine the ratings of a college based on the research and professional practices and teaching and learning resources implemented by the institutes. It considers the effectiveness of the programmes offered by various institutes and determine the institute's outreach and inclusivity and how it is perceived in the educational fraternity. Students interested in pursuing various Law courses can apply in colleges taking into consideration their relevant positions as per the National Institutional Ranking Framework (NIRF). The colleges mentioned in the table are listed as per the NIRF Rankings 2023.
Also Read: Top 10 Law Colleges in India by NIRF Ranking 2023
Top Government Colleges for Commercial Law
Few government colleges such as National Law Universities as well as Department of Law across various state and central universities, offer LLM or postgraduate diploma courses in Commercial Law. These colleges are as follows:
| Institute | Total Course Fees in INR |
|---|---|
| Bangalore University | 26K |
| DSNLU Visakhapatnam | 97K |
| Maharashtra National Law University, Nagpur | 75K |
| NALSAR Hyderabad | 65K |
| NLUJAA Assam | 55K |
| NLU Delhi | 30K |
| NLU Odisha | 70K |
| NUSRL Ranchi | 66K |
| NUJS Kolkata | 10K |
| Pondicherry University | 12K |
Top Private Colleges for Commercial Law
Many private colleges also offer LLM or Postgraduate diploma courses in the field of Commercial Law. These colleges also invite candidates to pursue PhD in the field of Commercial Law. Some of the colleges offering LLM in Commercial Law are as follows:
| Institute | Total Course Fees in INR |
|---|---|
| Alliance School of Law | 3 lakh |
| CMR University | 2 lakh |
| ICFAI School | 1 lakh |
| KIIT School of Law | 2 lakh |
| NIMS School of Law | 40K |
| Saveetha Institute of Medical and Technical Sciences | 2 lakh |
| School of Law, Christ University | 1 lakh |
| Sharda School of Law, Sharda University | 2 lakh |
| Siksha O Anusandhan University | 1 lakh |
| UPES | 2 lakh |
Note: The fee range given above is for all level Commercial Law courses such as UG, PG, PhD and Diploma.
Commercial Law Career, Scope and Job Profiles
A career in Commercial Law is extremely challenging as well as rewarding since it allows lawyers and professionals to work with business organisations and negotiate in drafting contracts. Therefore, candidates can take up the followig popular job profiles after successfully completing a Commercial Law course:
| Job Profiles | Job Description | Average Annual CTC |
|---|---|---|
| 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. | 8- 10 LPA |
| 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. | 7- 9 LPA |
| 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. | 6- 7 LPA |
| Legal Researcher | The professional is responsible for conducting all the legal research related to an assigned project. | 5- 7 LPA |
| Legal Assistant | The professional is responsible for assisting the higher lawyer with the trials. The person also assists in documents, information gathering, etc. | 4.5- 6 LPA |
Commercial Law Recruiters
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. Law graduates must qualify AIBE exam to practice in a court of law in India. Some of the top Law firms in India include:
| Commercial Law Recruiters | |
|---|---|
|
|
|
|
|
|
|
|
|
|
Read More:
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. It also deals with matters related to secured transations and banking regulations. It deals with the formulation and negotiation of contracts between multinational organisations and corporate houses. It ensures that business houses meet legal guidelines during drafting of contracts.
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. They offer legal counsel and advocacy to companies of all kinds, from start-ups to large multinationals. Commercial lawyers can be found working in a range of places, such as corporations, governments, and law firms.
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. They can work for various businesses and offer expertise in drafting and negotiating of contracts. They can also represent various business organations in the court and advise them on various multinational treaties. They can also advise small business organisations in compliance related matters and help investors in mergers and acquisitions.
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. Candidates must also clear AIBE in order to be eligible for practising as an advocate in courts across India.
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. Hence Commercial Law is a broader domain which consists of Business laws along with other aspects such as Bankruptcy and Negotiable Instruments Law
Q. Where can I pursue LLM in Commercial Law in Delhi?
A. There are few renowned colleges in Delhi/NCR which offer LLM in Commercial Law course. This course is full-time and of one year duration. Candidates are admitted to the course on the basis of performance in the entrance examination. The colleges are as follows:
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:
Q. Which colleges offer Certificate courses in Commercial Law?
A. The following colleges offer Certiifcate courses in Commercial Law which can be either pursued in full-time or part-time mode. They are:
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 such as:
- Legal Advisor
- Senior Associate
- Legal Researcher
- Legal Assistant
- Contract Attorney.
Q. Where can I pursue Online Commercial Law courses?
A. Many online education portals also offer courses in Commercial Law which can be accesssed by learners as per their pace. Some of these courses are:
- Legal Contracts and Agreements for Entrepreneurs by Coursera
- Corporate & Commercial Law I: Contracts & Employment Law by Coursera
- Contract Law: From Trust to Promise to Contract by edX
- Corporate and Business Law by Udemy
- International Business Law by Udemy
Popular Commercial Law Colleges in India
Popular Private Commercial Law Colleges in India
Most Popular Courses
Popular Commercial Law UG Courses in India
UG Courses
- B.Com
1 College
News & Updates
Nov 29, 2023
Student Forum
Anything you would want to ask experts?Taking an Exam? Selecting a College?
Find insights & recommendations on colleges and exams that you won't find anywhere else
On Shiksha, get access to
- 61k Colleges
- 931 Exams
- 469k Reviews
- 1100k Answers
- Administrative Law
- Admirality Law
- Air & Space Law
- Arbitration Law
- Banking Law
- Business Law
- Civil Law
- Company Law
- Competition Law
- Constitutional Law
- Consumer Law
- Contract Law
- Corporate Law
- Criminal Law
- Cyber Law
- Education Law
- Energy Law
- Entertainment & Media Law
- Environmental Law
- Family Law
- GIS & Remote Sensing Law
- Healthcare Law
- Human Rights & International Humanitarian Law
- Immigration Law
- Information Technology Law
- Insurance Law
- Intellectual Property Law
- International Trade Law
- Labor & Employment Law
- Maritime Law
- Nuclear Law
- Real Estate / Infrastructure Law
- Security & Investment Law
- Tax Law
- Telecommunications Law