In the present context it is a great combination - both for corporate counsel/company secretary positions and also for corporate consultancy firms. In fact ICFAI has arrangement with ICSI - LLM with corporate secretarial has some exemptions in CS
I am a CS and LLB. As far as my knowledge goes there is no such arrangement betweenn ICSI and ICFAI. However an LLB passed candidate from any recognised University with certain percentage of marks will get exemption in one paper of CS Examination.