Commercial Law: Fees, Admission 2023, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff

Updated on Sep 4, 2023 05:52 IST
Radhika Sharma

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. 

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Table of Contents
  1. Commercial Law Course Highlights
  2. All About Commercial Law
    • 2.1 Why pursue Commercial Law?
    • 2.2 Who can pursue Commercial Law?
  3. Commercial Law Eligibility 
  4. Top Entrance Exams for Commercial Law 2023
  5. Commercial Law Courses
  6. Commercial Law Subjects & Syllabus
  7. 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
  8. Commercial Law Career, Scope and Job Profiles
    • 8.1 Commercial Law Recruiters
  9. 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

Also Read

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 ReadAll 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
  • 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.
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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

URATPG 2023

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 ReadTop 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

Contract Law

Corporate Law

Tax Law

Property Law

Intellectual 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

  • 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

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.

College

NIRF'23 Ranking

National Law School of India University, Bengaluru

1

National Law University, Delhi

2

Nalsar University of Law, Hyderabad

3

The West Bengal National University of Juridicial Sciences, Kolkata

4

Jamia Millia Islamia, Delhi                     

5

Symbiosis Law School, Pune

6

Gujarat National Law University, Gandhinagar

7

Siksha O Anusandhan University

8

Indian Institute of Technology Kharagpur 9
Babasheb Bhimrao Ambedkar University, Lucknow 10

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
  • Desai & Dewanji
  • ALMT Legal
  • Khaitan & Co.
  • Argus Partners
  • Sagar Associates
  • Fox Mandal
  • Ahlawat & Associates
  • Trilegal India
  • Anand & Anand
  • AZB & Partners

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

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

65 K
7 LPA

#3 NIRF

10 K

#4 NIRF

1.5 L
4.8 LPA

#8 NIRF

1.6 L
6 LPA

#11 NIRF

3 L
5.2 LPA

#25 NIRF

Popular Private Commercial Law Colleges in India

90 K
3.6 LPA
1.94 L

#21 NIRF

30 K

#2 NIRF

65 K
7 LPA

#3 NIRF

10 K

#4 NIRF

1.5 L
4.8 LPA

#8 NIRF

Most Popular Courses

Following are the most popular Commercial Law courses, based on alumni reviews. Explore these reviews to choose the best course in Commercial Law.

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

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