LLM stands for the globally acknowledged postgraduate law degree. It is a full-time program covered in a year and it enables law students to gain expertise in particular fields of law. Tax and securities law is the most popular of LLM degree programs. Other contemporary topics studied include Air and space law, Agriculture and food law and the Elder law. These programs are highly competitive; and the law schools take into account both the dedication to the field of law and the superior academic track record of students seeking admission. This degree qualifies a lawyer to work in a transnational legal environment.

To do LLM, students must have a degree in law, either the Bachelor of Laws (LL.B.) of the UK or the Juris Doctor (J.D.) of the US, and pass a bar exam of other countries. The LL.M. program varies according to the university guidelines. Some are research-oriented, while others offer classes. However, most LL.M. programs combine both of these. Part-time programs are also available for professionals. LL.M. can enable lawyers to relocate or practice in another country. However, completing an LL.M. program does not qualify foreign students to take the bar exam in their host country.