Banking lawyers specialise in many different areas within banking & finance, these include acquisition finance, asset finance, general banking, Islamic Finance, project finance, restructuring and insolvency, retail banking, securitisation, structured finance and structured products, syndicated lending, trade finance and financial services which involves regulatory work. These areas all revolve around the lending and borrowing of money to and from private investors and consumers, corporations and governments. To get legal jobs in banking & finance you will need to have an eye for detail and be analytically minded with a good head for numbers.
- Are these skills transferrable to in-house legal jobs? - Yes, the banking sector is one of the biggest employers of in-house lawyers.
- Do I need to specialise? - No, but if you work in a large financial centre you are more likely to specialise than be a generalist at the beginning of your career.
- What type of law firm can I work in? - The larger global, international and local law firms have dedicated banking teams. There are also some excellent boutique finance practices. It will depend on your academics, experience and cultural fit.
- Can I use my skills as a banking lawyer to get similar jobs overseas? - Yes, banking lawyers are seen as some of the most versatile lawyers and they have consistently been in the most demand practice areas around the world. This came to an abrupt end when the GFC hit but the demand for restructuring skills replaced it.