Before you even think about embarking on a career as a banking and finance lawyer, you should be familiar with what banking and finance law is all about. It involves a broad array of financial transactions that include small-scale personal loans to multi-billion-dollar business transactions. Here are some of the basics that you should know before looking further into banking and finance law as a career opportunity.

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Building a Career in Banking Law
by Henry Comte Valasquez | Aug 18, 2020 | Henry Comte Velasquez, Law, Lawyer
What Is Banking & Finance Law?
Before you even think about embarking on a career as a banking and nance lawyer, you
should be familiar with what banking and nance law is all about. It involves a broad array
of nancial transactions that include small-scale personal loans to multi-billion-dollar
business transactions. Here are some of the basics that you should know before looking
further into banking and nance law as a career opportunity.
One of the main areas of focus of banking and nance law is the contractual arrangement
between the lender and the borrower. The nancial lawyer’s goal is to make sure that both
sides of the nancial transaction have their interests represented and that both parties are
in compliance with commercial norms and government regulations. Below is a further
breakdown of the areas of specialization that banking and nance lawyers can specialize
in.
Bank lending is a vast eld in banking law that involves banks lending money to individuals
through personal loans and to businesses through business loans. The banking lawyer
helps craft documents that spell out the loan terms and what constitutes repayment and
default.
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Another common eld in nance law is property nance. It involves loans sought by
individuals or businesses to obtain property to live in or develop. The vast majority of
property nance transactions are called mortgages. A mortgage is where a person is given
money to get title to the land or building and must repay the lender the loan plus interest.
The lender usually holds the property as collateral until the mortgage is paid o .
Besides bank lending and property nance, there are many other elds in banking and
nance law. Project nance involves the nancing of public projects such as roads and
bridges. Acquisition nance is when money is given to one rm to help it acquire another
rm. Capital markets are when corporations issue bonds in exchange for cash to be used
for company operations. The eld of banking and nance law is vast and o ers plenty of
opportunities.
Where The Route To A Career In Banking & Finance Law Starts
Regardless of which eld in banking and nance law you will want to specialize in, you will
need to have a legal education and background to practice as a banking and nance
lawyer. Besides a legal education, a banking and nance lawyer should have a good
understanding of the di erent kinds of loans and be able to comprehend the ne print
contained in nancial transactions. Being able to explain the terms of nancial deals to
clients coherently is another requirement that banking lawyers must do. If you have the
legal education and knowledge or think you can obtain it, becoming a banking and nance
lawyer might be the career path for you.
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