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What is Business Law? Definition, Scope & Importance Explained

Sonika Jun 24, 2025 1K Reads

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Business law is also known as commercial law or corporate law. This law deals with businesses including commerce, sale, and trade. Work under various disciplines, for example, employment law, taxation, contracts, intellectual property, and corporate governance. After completing their education in the law field, specifically in business law, most students wish to become business lawyers. However, there are various other fields and sectors where students choose other specializations in jobs other than business law.

If we look at the data, we see that law professionals seek to become business lawyers. Additionally, it is predicted that the current rate will soon be increased by 8% between 2022 and 2032. Business law helps students to enhance their skills that align with the law, for example, legal knowledge, problem-solving, communication, drafting and writing, negotiation, interpersonal skills, analytical thinking, and more.

Who are business Lawyers?

Business lawyers are those working professionals who specialize in subjects related to businesses and commercial transactions. Business lawyers are needed in almost every corporation to manage the legal part of the business and between the employee and the employer. 

Key roles of Business lawyers

Business lawyers ensure that companies work within the legal framework and avoid risk. Let’s learn about the key roles of the business lawyers:

Key role

Description

Legal Compliance

Lawyers make certain that the organization complies with national, international, and local laws.

Intellectual Property Protection

In this key role, business lawyers ensure that they protect what is invented or a new invention is protected by the trademarks, patents, and copyrights.

Dispute Resolution

Lawyers constitute agencies in resolving disputes via negotiation, mediation, or litigation.

Tax Planning

Business lawyers advise on lawful tax-saving strategies and ensure proper filings.

Regulatory Affairs

Lawyers assist in dealing with regulatory bodies and compliance requirements.

Drafting Policies

Lawyers help develop company policies on data protection, workplace conduct, and safety.

Crisis Management

During legal crises, they represent and defend the business's interests professionally and effectively.

Contract Management

They draft, review, and negotiate contracts with clients, suppliers, partners, and employees.

Business Structure Guidance

They assist in choosing the right business structure—LLP, partnership, or corporation—for legal and tax efficiency.

Employment Law Advisory

They ensure compliance with labor laws, draft employment contracts, and handle workplace issues.

Risk Management

They identify potential legal risks and develop strategies to mitigate them.

Licensing and Permits

They help acquire industry-specific licenses and permits for smooth operation.

Investor Relations

They handle legal aspects of fundraising, shareholder agreements, and equity distribution.

Corporate Governance

They guide directors and officers on their legal responsibilities and fiduciary duties.

Core subjects in Business Law

In every specialization, domain, or subject, there is a certain criterion to help the students learn everything they need to learn. Similarly, a law program helps students to learn those things that are necessary for their knowledge growth in business law. Teachers teach everything with a gradual increase in the depth of the syllabus for any particular subject. Let’s have a look at the core subjects that students will going to study in their law program for business laws.

Specialization

Syllabus

Business laws

  • Law and Social Transformation in India
  • Judicial Process
  • Indian Constitutional Law: The New Challenges
  • Law of Industrial and Intellectual Property
  • Legal education and research Methodology
  • International Trade Law
  • Environmental Law
  • Legal Regulations of Economic Enterprises
  •  Business Laws
  • Law Relating to Regulatory Authorities
  • Insurance Law
  • Alternative Dispute Resolution & Securities Law

Top 10 universities offering LLM degree (Based on NIRF Ranking)

Students may think that if they get educated from a top institution or a top university that only they will get a bright future, so will the law students. The table below has the names of 10 universities, which are ranked from 1 to 10 in the NIRF ranking 2024. In this table, the rank of the previous year, i.e., NIRF 2023, is also listed, so that students may get to know that the below-listed universities are the best law universities.

University

NIRF 2023

NIRF 2024

Specializations offered

Fees

National Law School of India University, Bangalore

1

1

  • Public Law
  • Criminal Law
  • Commercial Laws
  • Law and Technology
  • Admission fee (one time) – Rs. 12,000/-
  • Tuition and Facilities fee – Rs. 2,69,000/-
  • Off-campus housing fee (optional) – 1,12,500/-
  • Total fee per annum – Rs. 3,93,500/-
  • One-Time Refundable Deposit
  • Refundable deposit for SC/ST category students – Rs. 15,500/-
  • Refundable deposit for other students – Rs. 20,000/-
  • The total amount payable by SC/ST category students is Rs. 4,09,000/-
  • The total amount payable by other students is Rs. 4,13,500/-

National Law University, Delhi

2

2

  • Criminal Law
  • Banking and Finance Studies
  • Intellectual Property Law
  • Commercial Law
  • Environmental Law and Justice
  • Consumer Law and Practice
  • Health Law and Policy
  • Taxation Law

INR 1,25,000 per Annum

NALSAR University of Law

3

3

  • Criminal Law
  • Corporate and Commercial Law 
  • Intellectual Property Law
  • Public Law and Legal Theory
  • International Trade and Business Law
  • LL.M. Programme in Insolvency and Bankruptcy Laws 

For the LL.M. 2-year full-time course:

  • Tuition fee for 1 semester - INR 5,50,000
  • Refundable fee - INR 20,000
  • Application Fee (non-refundable): INR 5,000/- (INR 4,000/- for OBC / PWD; INR 3,500/- for SC/ST/EWS)

For the LL.M. 1-year course:

  • Total fee including refundable deposit - INR 1,89,500

NLU Kolkata - The West Bengal National University of Judicial Sciences

4

4

  • Data Science and Data Protection Law
  • Corporate and Commercial Law 
  • International & Comparative Law
  • Criminal & Security Law
  • Law & Technology
  • Intellectual Property Law
  • Fee for 1-year LL.M. program - INR 2,08,200
  • Fee for 2-year LL.M. program (for first year) -  INR 1,67,000

Symbiosis Law School, Pune

6

5

  • Business and Corporate Law
  • Criminal and Security Law
  • Constitutional and Administrative Law
  • Innovation, Technology, and Intellectual Property Law
  • Human Rights Law
  • Family Law
  • European Union Legal Studies
  • Law, Policy, and Good Governance
  • First installment (including 10,000 refundable institute deposit) - INR 1,35,000
  • Second installment - INR 1,25,000

Faculty of Law, Jamia Millia Islamia

5

6

  • Corporate Law
  • Criminal Law
  • Personal Law
  • Corporate Law (self-financed)
  • Criminal Law (self-financed)
  • Personal Law (self-financed)

Ranges between INR 1 Lakhs - 10 Lakhs - course fee

IIT Kharagpur - Indian Institute of Technology

9

7

  • Intellectual Property Law
  • Corporate Law
  • Taxation
  • Criminal Law
  • International Law
  • Constitutional Law
  • Competition Law

INR 2.5 Lakhs to INR 3 Lakhs - course fee

Gujarat National Law University, Gandhinagar

7

8

  • Corporate and Business Law
  • Criminal and Security Law
  • Constitutional and Administrative Law
  • Intellectual Property Law

INR 1.2 Lakhs to INR 6 Lakhs - course fee

Siksha ‘O’ Anusandhan University - SOA National School of Law

8

9

  • Corporate and Commercial Law
  • Criminal and Security Law

INR 1.5 Lakhs - course fee

Babasaheb Bhimrao Ambedkar University (BBAU), Lucknow

10

10

2-year LL.M. program:

  • Human Rights Law
  • Law

1-year LL.M. program:

  • International and Comparative Law
  • Constitutional and Administrative Law
  • Law and Governance
  • Legal Pedagogy and Research
  • Family and Social Security Law
  • Criminal and Security Law
  • Corporate and Commercial Law
  • Tuition fee for LL.M. (Law) 2-year program and Human Rights - INR 1,500 per semester
  • Tuition fee for paid seats - INR 45,000 per semester
  • Tuition fee for 1-year LL.M. program - INR 55,000 per semester

Apart from the top law institutes, law professionals and law students also seek the following:

Students/Working Professionals Also Search For

LLM Part-Time Course

LLM Distance Learning

LLM for Working Professionals

LLM Courses Online

Top colleges offering a 1-Year LLM program

Many universities in India offer a 1-year LLM program in India. If you are a working professional, then you should also check them out as the universities offering online law programs offer flexibility and other advantages, including personalized learning, cost-effectiveness, interactive learning, and many more things. Below is a list of universities offering 1-year LLM programs in various specializations.

Top colleges offering a 1-Year LLM program

Colleges

Specializations

Jindal Global Law School (Blended Learning Program)

  • Corporate & Financial Law
  • AI and Emerging Technologies
  • Intellectual Property & Technology Law
  • Dispute Resolution
  • Taxation Law, Policy, and Regulation

UPES

  • Corporate and Commercial Law
  • Alternate Dispute Resolution
  • Intellectual Property Rights
  • Environmental and Energy Law
  • Cyber Security and Digital Law

National Law University, Delhi

  • Criminal Law
  • Banking and Finance Studies
  • Intellectual Property Law
  • Commercial Law
  • Environmental Law and Justice
  • Consumer Law
  • Health Law and Policy
  • Taxation Law

Lovely Professional University

  • Business Law 
  • Constitutional Law
  • Criminal Law
  • Intellectual Property Law
  • International Law

NLU, Kolkata

  • Corporate and Commercial Law
  • International Law & Comparative Law
  • Criminal and Security Law 
  • Intellectual Property Law
  • Law and Technology

Symbiosis Law School International, Pune

  • Business and Corporate Law 
  • Constitutional Law and Administrative Law 
  • Innovation, Technology, and Intellectual Property Law
  • Criminal Law and Security Law 
  • Human Rights Law
  • Law, Policy, and Good Governance
  • Family Law
  • EU Law and International Law
  • Telecommunication, Media, and Technology Law 
  • Climate Change Law and Policy* (Approval in process) 

LLM 1-year program fees for various institutions

Institutions

Total Fees 

Jindal Global Law School (Blended Learning Program)

INR 3,50,000

UPES

INR 2,79,000

National Law University, Delhi

INR 1,25,000

Lovely Professional University

INR 1,60,000

NLU, Kolkata

INR 1,39,000

Symbiosis Law School International, Pune

INR 2,50,000

OP Jindal Global Law School

Op Jindal Global Law School offers an LLM program in a Blended learning mode. This institution is known for its quality education and the advantages offered to its students. Let’s check the specialization offered at this law school:

Specialization offered:

Fee structure: Course fee - INR 3,50,000

Syllabus at Jindal Global Law School (Blended Learning Program)

Specializations 

Syllabus/Subjects

Corporate & Financial Law

  • Legal Research Methodology
  • Law and Justice in a Globalizing World
  • Comparative Public Law
  • Advanced Company Law
  • A Practitioner’s Approach to Competition Law in India
  • Commercial Contract Drafting
  • M&A and Private Equity
  • Corporate Insolvency Law
  • Dissertation

AI and Emerging Technologies

  • Legal Research Methodology
  • Law and Justice in a Globalizing World
  • Comparative Public Law
  • Advanced IPR and IT Law
  • Intellectual Property and New Technology, AI
  • GDPR: A European Example of Data Protection Law, AI Introduction to GDPR
  • Regulating AI
  • Ethica, Law, and AI
  • Comparative AI Regulation
  • Dissertation

Intellectual Property & Technology Law

  • Legal Research Methodology
  • Law and Justice in a Globalizing World
  • Comparative Public Law
  • Advanced IPR and IT Law
  • Intellectual Property and New Technology, AI
  • Music and Copyrights
  • TRIPS and Public Health
  • GDPR: A European Example of Data Protection Law

Dispute Resolution

  • Legal Research Methodology
  • Law and Justice in a Globalizing World
  • Comparative Public Law
  • International Commercial Arbitration
  • Principles and Practice of Arbitration in India
  • Investment Arbitration
  • Negotiation and Meditation
  • Recognition, Enforcement, and Execution of Arbitral Awards
  • Ethical Issues in Alternative Dispute Resolution
  • Dissertation

Taxation Law, Policy, and Regulation

  • Structure and implementation of GST
  • Registration, compliance, valuation, and input credit mechanisms
  • Audit and appeals processes under indirect tax laws
  • Legal and procedural aspects of Customs regulations
  • Import-export duties and Special Economic Zones (SEZs)
  • Enforcement mechanisms and recent legal developments
  • Use of technology in tax administration - theory and practical insights

Op Jindal Global Law School offers a bachelor’s program, which is a BALLB program (a 5-year integrated program). Let’s see the syllabus offered by them for a BALLB program:

Syllabus for BALLB

Semester I

Semester II

  • English 1- 4 Credits
  • Foundations of Social Sciences 1 - 4 Credits
  • International Relations - 4 Credits 
  • Law of Torts & Consumer Protection - 4 Credits
  • Legal Methods - 4 Credits
  • English 2 - 4 Credits
  • Foundations of Social Sciences 2 - 4 Credits
  • History of Courts, Legislature & Legal Profession in India - 4 Credits
  • Law of Contracts 1- 4 Credits
  • History 1- 4 Credits

Semester III

Semester IV

  • Economics 1 - 4 Credits
  • Family Law 1 - 4 Credits
  • Gender & Society - 4 Credits
  • Law of Contracts 2 - 4 Credits
  • Law of Crimes - 4 Credits
  • History 2 - 4 Credits
  • Constitutional Law 1 - 4 Credits
  • Criminal Procedure Code - 4 Credits
  • Economics 2 - 4 Credits
  • Family Law 2 - 4 Credits
  • Property Law - 4 Credits
  • Legal Psychology - 4 Credits

Semester V

Semester VI

  • Civil Procedure Code - 4 Credits
  • Company Law 1 - 4 Credits
  • Constitutional Law 2 - 4 Credits
  • Jurisprudence - 4 Credits
  • Law of Evidence - 4 Credits
  • Non-Law Elective 1 - 4 Credits
  • Administrative Law - 4 Credits
  • Alternative Dispute Resolution - 4 Credits
  • Company Law 2 - 4 Credits
  • Law & Critique - 4 Credits
  • Public International Law - 4 Credits
  • Non-Law Elective 2 - 4 Credits

Semester VII

Semester VIII

  • Environmental Law - 4 Credits
  • Intellectual Property Rights - 4 Credits
  • Human Rights Law & Theory - 4 Credits
  • Law of Taxation - 4 Credits
  • Law Elective 1 - 4 Credits
  • Law Elective 2 - 4 Credits
  • Drafting, Pleading & Conveyance - 4 Credits
  • International Trade Law - 4 Credits
  • Law of Banking - 4 Credits
  • Moot Court & Trial Advocacy - 4 Credits
  • Law Elective 3 - 4 Credits
  • Law Elective 4 - 4 Credits

Semester IX

Semester X

  • Labour Law 1 - 4 Credits
  • Interpretation of Studies - 4 Credits
  • Law Elective 5 - 4 Credits
  • Labour Law 2 - 4 Credits
  • Professional Ethics - 4 Credits
  • Law Elective 6 - 4 Credits

Career opportunities for a business lawyer

After completing a law degree, students get various opportunities to choose any job profile. After completing law, students have a wide range of opportunities. Also, there are various specializations based on which students need to choose their profession. Let’s see a few Let’shem with their salaries.

Sr. No.

Position

Salary

Reference link

1.

Lawyer

INR 1 LPA - INR 10 LPA

https://www.ambitionbox.com/profile/practicing-lawyer-salary 

2.

Journalist

INR 1-8.2 LPA

https://www.ambitionbox.com/profile/journalist-salary 

3.

Judiciary

INR 1 LPA to INR 25 LPA

https://www.ambitionbox.com/profile/judicial-officer-salary 

4.

Junior advocate

INR 10,000 per month to INR 25,000 per month

https://www.ambitionbox.com/profile/legal-advisor-salary 

5.

Legal advisor

1 LPA to INR 14 LPA

https://www.ambitionbox.com/profile/legal-advisor-salary 

6.

Corporate counsellor

INR 9 LPA - INR 5 LPA

https://www.glassdoor.co.in/Salaries/corporate-counsel-salary-SRCH_KO0,17.htm 

7.

Legal Analyst

INR 2.1 LPA to INR 10.6 LPA

https://www.ambitionbox.com/profile/legal-analyst-salary 

8.

Legal researcher

INR 21,000 - INR 50,000 per month

https://www.glassdoor.co.in/Salaries/legal-researcher-salary-SRCH_KO0,16.htm 

9.

Legal writer

INR 1 LPA to INR 6.9 LPA

https://www.ambitionbox.com/profile/legal-content-writer-salary 

10.

Patent analyst

INR 4 LPA to INR 6 LPA

https://www.glassdoor.co.in/Salaries/patent-analyst-salary-SRCH_KO0,14.htm 

*Salary may vary as it depends on the experience in the legal profession. The skills of the lawyers also make a significant difference in the salaries. 

Conclusion

This blog describes what business law is and what business lawyers are. This also includes the key roles played by a business layer in this sector of business. Additionally, this blog helps you understand the different job profiles that they can choose for their future. Furthermore, you get to know about various universities offering a 1-year LL program, LLM programs for working professionals, and a lot more.

FAQs (Frequently Asked Questions)

Various job roles are available for law graduates, including Lawyer, Journalist, Judiciary, Junior advocate, Legal advisor, Corporate counsellor, Legal Analyst, Legal researcher, Legal writer, Patent analyst, and more. There is one thing that law professionals need to know that their salaries may vary from one another, as it completely depends on their potential, skills, and years of practice in the court.

Here is a list of universities offering an LLM program in India. The list below is from the top universities that ranked top 10 in the NIRF ranking list 2024:

  1. National Law School of India University, Bangalore
  2. National Law University, Delhi
  3. NALSAR University of Law
  4. NLU Kolkata - The West Bengal National University of Judicial Sciences
  5. Symbiosis Law School, Pune
  6. Faculty of Law, Jamia Millia Islamia
  7. IIT Kharagpur - Indian Institute of Technology
  8. Gujarat National Law University, Gandhinagar
  9. Siksha ‘O’ Anusandhan University - SOA National School of Law
  10. Babasaheb Bhimrao Ambedkar University (BBAU), Lucknow

 

Yes, there are ample universities that offer a 1-year LLM degree in India. Below is the list of universities that are popular among law students:

  1. Jindal Global Law School (Blended Learning Program) - INR 3,50,000
  2. UPES - INR 2,79,000
  3. National Law University, Delhi - INR 1,25,000
  4. Lovely Professional University - INR 1,60,000
  5. NLU, Kolkata - INR 1,39,000
  6. Symbiosis Law School International, Pune - INR 2,50,000

 

There are countless roles that a business Lawyer needs to play in this field which includes Legal Compliance, Intellectual Property Protection, Dispute Resolution, Tax Planning, Regulatory Affairs, Drafting Policies, Crisis Management, Contract Management, Business Structure Guidance, Employment Law Advisory, Risk Management, Licensing and Permits, Investor Relations, Corporate Governance, and more.

Various universities offer various subjects depending on their analysis of the current law market. However, if talk in general, the subjects indudes in business laws are Law and Social Transformation in India, Judicial Process, Indian Constitutional Law: The New Challenges, Law of Industrial and Intellectual Property, Legal education and research Methodology, International Trade Law, Environmental Law, Legal Regulations of Economic Enterprises,  Business Laws, Law Relating to Regulatory Authorities, Insurance Law, Alternative Dispute Resolution & Securities Law, and a few more.

In India, there is only one institution so far that offers LLM program in a blended learning mode which is OP Ji,ndal Global Law School. It means they offer law programs in hybrid mode. They offer an LLM program in various specialization including Corporate & Financial Law, AI and Emerging Technologies, Intellectual Property & Technology Law, Dispute Resolution, and Taxation Law, Policy and Regulation.

Uncountable skills are there if we start calculating them, let’s know a few of them which plays the major role in the court of law and these are conduct deep research on the case, critical thinking, enhance attorney-client confidentiality, critical thinking, develop writing skills, technological affinity, paying attention to details, negotiation, and a lot more.

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By Sonika

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An academic writing expert and a freelancer with an experience of 3 years.

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