A banking and finance lawyer specializes in all aspects of lending and borrowing money. The law relates to financial liabilities and transactions. They negotiate and document contractual relationships between lenders and borrowers. They may specialize in simple bank lending or more complex syndicated loans. A banker’s job is not the only important aspect of banking and finance. It requires a high degree of analytical and communication skills. A banking and finance lawyer must have strong writing and communication skills.
Intensive and fast-paced
Banking and finance law is extremely intensive and fast-paced. While many articles have focused on the difficulties that new graduates face in getting up to speed with the area, it is important to know that there are a variety of ways to improve one’s knowledge and experience. While the work environment can be rewarding, new professionals can often find themselves working long hours, lacking a work-life balance, or spending most of their waking hours in meetings. A recent study found that the average legal assistant in the industry works nineteen hours a day, and bills clients at fifteen minute intervals.
If you wish to specialize in banking and finance law, you can choose to pursue an undergraduate degree in law or another subject. After graduating, you can take a conversion course to become a solicitor. Once you have obtained your LPC, you can apply to work in the field. Then, you can pursue a legal apprenticeship, which can lead to a solicitor qualification. Alternatively, you can become a chartered legal executive or a chartered financial analyst (CLE). If you do not want to work as a solicitor, you can look for a role as a consultant or as a manager. In the meantime, you can gain valuable commercial awareness by doing work experience.