The BBA LLB course students are largely preferred by many MNCs especially for legal departments. This trend has increased in the last decade. With more and more companies preferring for BBA LLB students, there has been emergence of new job roles in the field. The present article discusses about some of the important job roles available after BBA LLB, lets understand them in detail
Company Secretary
The company secretaries work in a strategic and influential way to ensure that a company operates within the specified law.
Role of a Company Secretary
As a company secretary one will need to ensure a company complies with financial and legal requirements as well as maintaining its high standards of corporate governance. Although strictly required to provide legal advice.
Responsibilities of a Company Secretary
As a Company Secretary one is responsible to:
- Report to the chairman and often with board members
- Prepare agendas and papers for board meetings, committees and annual general meetings
- Take minutes, draft resolutions and lodge required forms and annual return with companies’ holdings
- Ensure policies are kept up to date and approved by committee
- Maintain statutory books, including registers of members, direction and secretaries
- Deal with correspondence, collate information and write reports, communicate decisions for relevant company stakeholders
- Contribute to meeting discussions to relevant company stakeholders
- Contribute to meeting discussions and when required advice members of the legal governance accounting and tax departments of the implication of proposed policies
- Monitor changes in relevant legislation and the regulatory environment and take appropriate action
- Coordinate with external regulator and advisories such as lawyers and auditors
- Take responsibility for the health and safety of employees and manage matters related to insurance and property
- Develop and oversee the systems that ensure the company complies with all applicable codes, in addition to its legal and statutory requirements
- Maintain the register of shareholders and monitor changes to share ownership of the company in a publicly listed company
- Enter into contractual agreements with suppliers and customers
- Manage the office space and deal with personnel and administration and insurance for employees, equipment and premises
Earning Potential
The fresh BBA LLB students as Company Secretary will be easily earning around 5 lakhs to 7 lakhs. The experienced professionals will be earning around 6 lakhs to 10 lakhs per annum.
Arbitrator
The role of an arbitrator is growing rapidly as more people look for an alternative to traditional litigation. There are genuine and often global opportunities for work in this exciting area of law.
Role of the Arbitrator
The arbitrator’s work is basically an alternative dispute resolution on behalf of the client. Arbitration is one of the ways legal disputes are resolved outside the courts and across international boundaries. It’s used by many individuals and businesses on a voluntary basis meaning both sides just agree to follow any final decision.
Responsibilities of an Arbitrator
As an arbitrator one is needed to:
- Writing a notice of arbitration clarifying what is expected of the parties and specifying all matters of the dispute
- Gathering the evidence from claimant and the respondent
- Organising and conducting arbitration meetings or hearings where both sides present their evidence
- Summarising each side’s position in a written document
- Interpreting and applying the relevant laws
- Making a decision resolving the dispute based on the evidence and arguments submitted by both sides
- Carrying out any appropriate follow up communication
Earning Potential
The fresh BBA LLB professionals as arbitrators will be earning around 4 lakhs to 8 lakhs per annum. The experienced professionals will be earning around 8 lakhs to 12 lakhs per annum.
Costs Lawyer
A Cost Lawyer ensures that a business relationship between a lawyer and their client is properly established, so that any legal costs incurred can be changed appropriately
Role of a Costs Lawyer
Costs lawyers are highly specialist lawyers working in the practice area of legal costs. They are the only branch of the legal profession with detailed knowledge and expertise in the legal costs field. They are required to work with firms of solicitors but may be instructed by members of public and business to work on certain other legal tasks.
Responsibilities of a Costs Lawyer
As a cost lawyer one is needed to:
- Draft bills and schedules of costs
- Draft points of dispute and replies to costs claims
- Assist in preparing costs budgets and advice on costs budgets presenting by an opportunity
- Advice on retainers and fee arrangement between clients and their legal advisors
- Advice on the prepare claims for costs from public funds
- Advocate at costs related hearings
- Acts as a costs mediator of arbitrator in costs disputes advising on disputes between solicitors and their clients
- Supervise junior costs employees as you progress your own career
Earning Potential
The fresh BBA LLB professionals as Costs Lawyer, will be earning around 4 lakhs to 8 lakhs per annum. The experienced professionals will be earning around 10 lakhs to 12 lakhs per annum.
Conclusion
The demand for BBA LLB students is increasing in the past decade. With more and more MNC companies looking towards hiring legal advisor teams, the demand has increased drastically. The students who are interested to join corporate companies especially in the legal department can join the BBA LLB course and earn a handsome salary with excellent opportunity for career growth.