Select Page

The banking and finance industries are highly complicated, and they’re made even more complicated by the heavy and sometimes byzantine regulations. Professionals need to navigate both state and federal laws, and staying compliant with all the standards in place necessitates a professional. That’s where a financial lawyer comes in. Finance law covers the legal complications that come from swimming in the currents of these two industries, a knowledge of financial law has value outside of these realms. Corporations come to rely on financial lawyers when they have to deal with mergers and acquisitions, purchase stocks, or make investments. Financial lawyers can also be of benefit to individuals when dealing with stocks or bank account audits.

This broad and complex purview means that lawyers dealing with financial regulations are in high demand, but it also requires a high degree of specialization. These complexities often lead financial lawyers to specialize even further. That could mean dealing in everything from derivatives to capital markets to acquisitions. A highly prized specialization is Islamic finance which requires a lawyer who understands not just finance law in reference to federal or state regulations but also to how financial decisions can be compliant with Shariah law.

Regardless of specialization, the job of a finance lawyer is highly transactional in nature. An understanding of finance law is highly prized when closing a deal, and a finance lawyer typically has a significant role through every step of the process. They’re the ones keeping a close eye on the proceedings during negotiations, providing a guiding hand while structuring deals, and making sure that everything is in order with both parties before letting the ink dry. Making sure that all transactions are compliant with the law is a necessity, and that becomes especially complicated when you begin to factor in parties in multiple jurisdictions, each with their own unique rules and regulations. An understanding of compliance is a necessity, but finance lawyers are just as likely to play the role of negotiator between both parties at the table. Finally there’s a need to understand the market. Future trends could have a substantive effect on the clients of a finance lawyer, and recognizing changes that could affect a deal, and knowing how to communicate that to a client, is necessarily a major component of the job.