A banking lawyer is required to oversee all aspects of banking law both for customers and for business. Both lenders and borrowers are required to stick to certain regulations within banking law and it is the job of a bank lawyer to oversee any deals and transactions to ensure they do not fall foul of these laws. There are however more banking law jobs than those which are undertaken by a banking lawyer and all are just as necessary. This article outlines some of the various banking law jobs.
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Law qualifications can be confusing but you can simplify the English and Welsh legal professions by dividing them into two sections; barristers and solicitors. It is becoming more difficult to separate the work of barristers and solicitors as some solicitors can now stand up in court.
It is important that you choose early on in your law education whether you want to be a solicitor or a barrister as the training varies.
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Trainee solicitor jobs are highly competitive and you will find that you will do anything to separate yourself from the crowd. If you are looking for newly qualified solicitor jobs then you are at a stage in your career when there are many paths you could take. Once you have chosen your path then you will probably stick with this for the rest of your working life. If you have decided that being a solicitor is definitely what you want to do then this article should help you find a trainee solicitor job.
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Barrister jobs are in place to represent individual people or companies in the English and Welsh courtrooms. In Scotland, the equivalent to a barrister is known as an Advocate. There are a number of different types of barrister, as some specialise in certain aspects of the law. A barrister must liaise with a client’s solicitor in order to argue their case in court. Barrister jobs allow barristers the rights of audience in all courtrooms.
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The road to a successful legal career can be long, but if you’re prepared to put the work in, it can be very worthwhile – the very best lawyers can earn a salary easily in excess of £100,000 a year. However, as with any job, you’ll only get a lucrative return from a career in law by proving your dedication and showing the enthusiasm to work long, unsociable hours. Below, we take a look at the average lawyer’s salary and barrister’s salary in the UK.
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Many people are attracted to a career in the legal profession, but many people can be unsure as to what type of legal role is right for them. For many people, a legal cashier job can be very appealing – offering the chance to work in a busy legal environment without becoming directly involved in legal matters. To learn more about the duties of a legal cashier, it’s worth taking a look at the job description below.
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A group of City brokers will have to pay back loyalty bonuses of up to £500,000 after defecting from Tullett Prebon to one of its closest rivals, a court ruled today.
The ten brokers were at the centre of a bitter legal dispute in which Tullett accused rival BGC Partners and Anthony Verrier, a former senior Tullett executive who left to join BGC in 2008, of conducting an unlawful conspiracy to poach its senior staff.
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Solicitors jobs are split into two different areas: commercial and non-commercial. Typical solicitor jobs have the same basis but there are some distinctions between the two that could lead to very different work. This all depends on the clients represented and the type of firm you work for. For a guide to the different types of solicitor job, see the following.
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Legal admin jobs are extremely important in within law firms for a number of reasons. A legal administrator keeps the work of solicitors running smoothly. Any lawyer will need a legal administrative assistant to work alongside them in the practice as well as in the courtroom on occasion. For a guide to legal admin jobs, see the following.
A legal administrative assistant could also be known as a paralegal. The job role of a legal administrator like this is rather varied. Legal admin jobs could be more generally based or could require experience and/or training in law. Activities could include:
- General office admin
- Arranging meetings with clients/witnesses
- Telephone work
- Billing
- Drafting and proofreading legal documents
- Taking notes in court
- Letter writing
- Legal research
- Taking witnesses’ statements
- Liaising with clients.
Entry
To become a legal administrative assistant there is not one set route. Depending on the level of the job and the firm you may need certain paralegal qualifications. There are institutions that provide the training necessary for this. However, at the moment it is not required that a legal administrator has this type of training. Good GCSEs could be enough to begin with in some firms. Some say that as time goes on, the profession is growing, and therefore the need for more regulations is increasing.
Progress made can vary. In larger firms there will be a hierarchy within the legal admin jobs and experience could lead to more senior roles and responsibilities.
Usually legal administrative assistant vacancies can be advertised directly from a legal firm or through recruitment agencies. Experience is always a plus.
Legal accounts jobs are unique positions within accountancy. A lot of legal accounts work will require a trained accountant to work for a law firm which entails different focuses than regular accountants. Jobs within legal accounts could also be called legal bookkeeper, legal cashier and legal accountant. Despite the different titles, the duties required are quite similar. The main aim of legal accounts jobs is to keep a law firm’s finances managed and controlled properly. This is important as the financial goings on within a legal firm take on different characteristics of other organisations.
Being a legal accountant could include the following activities:
- Billing the firm’s clients
- Payment of invoices
- Banking transfers and reconciliations
- Writing financial reports for management
- Data entry/filing
- Profit and loss documenting
Not only does a legal bookkeeper need to have full knowledge of general accountancy, but he or she also needs to be trained up in more specific accountancy areas within the legal world. An example of this is the Solicitors Financial Rules. A legal accountant will be expected to carry out work that involves legal accounting, such as trust accountancy that keeps a client’s money safe until certain situations arise.
A legal bookkeeper could work for a range of firm sizes. In smaller firms, the legal accountant will probably be responsible for all the firm’s finances solely. Larger firms that employ hundreds will usually have a team of legal accounts jobs.
Legal Accountant Work
Usually the hours worked will be standard weekday office hours of 9am to 5pm. Some flexibility will inevitably be required in this profession though, as certain times of the year are busier than others and overtime may be necessary.
Entry
To get into legal accounts work it depends on what sort of level you are aiming for. To start as an assistant at a lower level, normally good GCSEs are acceptable (particularly in English and Maths). However, for more senior roles you will need to be a fully qualified legal accountant.
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