Practical points for banking and finance lawyers new to in-house roles
Practical points for banking and finance lawyers new to in-house roles

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Practical points for banking and finance lawyers new to in-house roles
  • The nature of the particular bank or other financial institution
  • In-house policies and processes
  • The in-house lawyer's role

This Practice Note sets out some practical considerations for banking and finance lawyers who are new to in-house roles. It is written for banking and finance lawyers working in banks or other financial institutions. The Practice Note highlights some of the ways in which working in-house as a banking and finance lawyer may differ from working in private practice and suggests practical steps for new in-house lawyers including getting to know the bank or financial institution in question, the various policies and processes which may exist within the institution and the role of the in-house banking and finance lawyer within that institution.

The nature of the particular bank or other financial institution

For a banking and finance lawyer moving to an in-house role in a bank or other financial institution, it will be important to get to know the institution in question as well as possible, as quickly as possible, at the outset. Areas of interest are likely to include the following

  1. Market position of the institution—information about the relevant institution is likely to be freely available online, but its website and annual report will be useful starting points. The key questions include:

    1. what is the institution's main area of business?

    2. what different divisions and businesses does it have and what types of customers do the various businesses service?; and

    3. what position does it hold

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