How to become a Legal Advisor

Legal advisors are professionals who provide legal support to their clients who are companies or organizations. They are typically specialized in a particular area of law and are in charge of the company’s legal responsibilities. They use their expertise to provide general legal advice to the companies regarding their business decisions as well. They assist their corporate employers with a wide range of legal matters such as compensation issues, harassment lawsuits, contract disputes, risk management, liability and insurance issues, regulatory compliance issues.

These professionals also provide advice regarding the legal implications of business decisions and the potential legal risks involved in the same such as mergers, acquisitions, and general operations. As in-house lawyers, they are expected to maintain current knowledge of the applicable laws at all times as well as an effective research and evaluate the legal issues and relay this information to the upper management.

• Research legal analysis matters and conveys the information to the stakeholders
• Provide advice on legal matters such as legal risks of business or policy decisions, corporate governance, compliance to legal regulations, and financial planning
• Prepare legal documents such as memorandums, legal opinions and various types of contracts
• Explaining the relevant laws to their corporate employers
• Ensure the organization’s compliance with all legal regulations about its business
• Review matters of employee or management conflicts and provide legal solutions to the same
• Review, interpret and negotiate contracts and other legal documents
• Ensure that the company’s corporate policies and practices comply with the applicable legal regulations

Legal advisors should have extensive knowledge about the law and continually keep themselves updated with the new developments in their field. They should be highly analytical, methodical and display excellent critical thinking skills to process and utilize vast amounts of legal information. They should be skilled at creative problem-solving to efficiently resolve the company’s legal issues. They should possess the business acumen to ensure that the legal advice that they offer is commercially viable and as profitable as it can be.

Negotiation and communication skills are vital for a legal advisor to liaise with the company’s decision-makers and their clients, settle legal disputes, and handle counter-proposals to contracts favourably. They should be able to describe the legal implications of all corporate matters in a clear manner to the stakeholders. Their time management and organization skills are of immense importance to provide effective legal solutions promptly.

As legal advisors, they should be self-motivated and have good leadership skills as well as be strong team players. The decision-making and research skills of these professionals are paramount to ensure the company’s compliance with legal regulations in all matters. They should have exemplary writing skills to draft various legal documents for the company accurately and responsibly.

As Legal Advisor, the salary can vary based on factors such as experience, the industry they work in, the size and type of the organization, and the complexity of legal matters they handle. Here's the information in the requested format for a Legal Advisor in India:

• Minimum Monthly Salary: For entry-level Legal Advisors or those working in smaller organizations, the monthly salary may range from INR 20,000 to INR 40,000, particularly at the start of their careers.
• Maximum Monthly Salary: Experienced and highly successful Legal Advisors, especially those working in large corporations or with specialized expertise, can earn a maximum monthly salary of INR 1,00,000 to INR 2,00,000 or more.
• Annual Salary: The annual salary of a Legal Advisor can be from INR 3,00,000 to several lakhs or more, depending on their level of experience, the nature of the organization, and the complexity of legal matters they handle.
• Highest Paying Job and Scope: The highest paying job for a Legal Advisor is when working with multinational corporations or industries with complex legal requirements. Senior Legal Advisors with a successful track record can command higher salaries and may also receive performance-based incentives. The scope for Legal Advisors is promising, as businesses and organizations across various sectors require legal guidance to navigate the legal landscape and ensure compliance with laws and regulations.Legal Advisors are crucial in providing legal counsel, drafting contracts, handling disputes, and mitigating legal risks for businesses and organizations.

The aspirants preparing to pursue career as Legal Advisor must prepare for exams like

• CLAT- Conducted on rotational basis by the 18 NLUs
• LSAT India- Law School Admission Council (LSAC)
• LAT- Allahabad University
• JMI Law Entrance Exam- Jamia Milia Islamia University
• IPU CET- Guru Gobind Singh Indraprastha University (GGSIPU)
• ILI CAT- Indian Law Institute
• DU LLB Entrance Exam- Faculty of Law, Delhi University
• BHU UET Law- Banaras Hindu University
• AIBE- Bar Council of India, New Delhi
• AILET- National Law University (NLU), New Delhi

Jobs for Legal Advisor are found in sectors like -

• Law firms, Consultancies
• Finance
• Corporate
• Media and publishing houses.
• Courthouses
• International organization such as UNO or UNICEF
• NGO
• FMCG
• Real Estate