Self - explanatory. Looking at modules of CA CS i realized that they are often equally if not more trained in Corporate laws & economic laws.
1. CAs have a bit advantage over CS or Llb as they know all the tiny details of accounting. (Opine please)
2. As far as work is concerned, MNCs do have a lot of CAs but they still outsource work to law firms. Some law firms do hire CAs. Do you feel that in future CAs & CS will eat up work of Law firms and companies will get work done through in house CAs/CS ? (As we know that CA CS can appear in NLCT)
3. Which is more helpful for a career in corporate & commercial laws with future in mind? CA or LLB?
4. What is more fruitful CA +LLB or CS + LLB? Or just plain Llb?
Please answer all questions. Seeking insights from people with 1+ PQE
To practice law, you need an LLB. A CA qualification can be an add on but can't replace an LLB.
About accountancy firms cannibalizing legal work, there are some smaller firms that do so, but you would appreciate that even the Big 4 have associate relationships with law firms with lawyers (not accountants) for undertaking their legal work. Most large accountancy firms would never give opinions, even on tax matters, but suggest that you go to counsel (who are lawyers). On corporate law, they would never provide formal opinions and would advise you to have their views corroborated by lawyers.
For corporate law, a basic understanding of accountancy is beneficial. But you don't really need to know it in great depth. For tax law, especially direct taxes, it may be more useful.
Also, as a corporate lawyer, you don't really just deal with corporate laws, but touch upon a number of regulations depending on the industry which your client belongs to.
As far as the CS degree is concerned, unless you want to do secretarial work, there's no great advantage to it.
And while CAs and CSs can appear in the NCLT, most large clients would prefer lawyers. The skillset of advocacy is different from the skillsets of CAs and CSs. Also, NCLT is only one tribunal. So it is quite limiting considering that a lawyer can appear before various tribunals and courts. Further, many commercial disputes are resolved through arbitration and although there is no stricture on who can represent clients, arbitration practices are domains of lawyers and not CAs or CSs.
So, for a legal practice, study law. You can study things out of interest or better knowledge.
1. CAs have a bit advantage over CS or Llb as they know all the tiny details of accounting. (Opine please)
2. As far as work is concerned, MNCs do have a lot of CAs but they still outsource work to law firms. Some law firms do hire CAs. Do you feel that in future CAs & CS will eat up work of Law firms and companies will get work done through in house CAs/CS ? (As we know that CA CS can appear in NLCT)
3. Which is more helpful for a career in corporate & commercial laws with future in mind? CA or LLB?
4. What is more fruitful CA +LLB or CS + LLB? Or just plain Llb?
Please answer all questions. Seeking insights from people with 1+ PQE
About accountancy firms cannibalizing legal work, there are some smaller firms that do so, but you would appreciate that even the Big 4 have associate relationships with law firms with lawyers (not accountants) for undertaking their legal work. Most large accountancy firms would never give opinions, even on tax matters, but suggest that you go to counsel (who are lawyers). On corporate law, they would never provide formal opinions and would advise you to have their views corroborated by lawyers.
For corporate law, a basic understanding of accountancy is beneficial. But you don't really need to know it in great depth. For tax law, especially direct taxes, it may be more useful.
Also, as a corporate lawyer, you don't really just deal with corporate laws, but touch upon a number of regulations depending on the industry which your client belongs to.
As far as the CS degree is concerned, unless you want to do secretarial work, there's no great advantage to it.
And while CAs and CSs can appear in the NCLT, most large clients would prefer lawyers. The skillset of advocacy is different from the skillsets of CAs and CSs. Also, NCLT is only one tribunal. So it is quite limiting considering that a lawyer can appear before various tribunals and courts. Further, many commercial disputes are resolved through arbitration and although there is no stricture on who can represent clients, arbitration practices are domains of lawyers and not CAs or CSs.
So, for a legal practice, study law. You can study things out of interest or better knowledge.