Summary: Learn more about what it is like to be a Finance - Banking attorney in this article.
What Does a Finance - Banking Attorney Do?
This practice area focuses on traditional banking law and the legal aspects of bank lending activity.
Attorneys who practice in this area provide advice on banking laws and regulations and assist their clients with the negotiation and drafting of various contracts such as syndicated credit agreements, security agreements, collateral agreements, inter creditor agreements, and guaranties.
Banking lawyers also provide expertise in connection with senior debt transactions, subordinated debt transactions, acquisition financings, mezzanine financings, multi-currency financings, and cross-border financings.
Why Do Finance - Banking Attorneys Enjoy Their Jobs?
This work typically is done at larger law firms (and in New York).
The work can be technical in nature and involves issues of contract and banking law. The work can offer attorneys a good opportunity to go in-house, or lateral to another firm.
Attorneys in this practice area tend to be very well compensated.
What Are the Difficulties of Being a Finance - Banking Attorney?
There can be tight deadlines associated with this work.
The majority of this work is in major legal markets such as New York, so attorneys in this practice area typically do not have a lot of freedom moving around.
In bad economies, this work can often slow down dramatically, leading to layoffs.
How Easy Is It to Move Laterally as a Finance - Banking Attorney?
This is an active practice area at the junior to the midlevel range for attorneys, but it becomes more difficult for attorneys to lateral into firms as they get more senior.
Attorneys in this practice area typically can find positions (in a good economy) quite easily provided they have less than eight years of experience.
The majority of attorneys who go into this practice area go in-house later in their careers.
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