The financial services industry...

The financial institutions industry is quite a big industry amongst larger law firms (international and magic circle firms). The clients that fall within this industry are organisations that offer finance (that can be to the general public or to other businesses - details of types of clients below) or manage funds such as private equity funds. It's all things money and investment! 

The financial institutions industry is a highly regulated industry and as such requires lawyers that have specialist knowledge of the sector. 

What do the lawyers do?!

Legal services offered to financial institutions include: 

  • Corporate - advising financial institutions on structure and form of business and how to conduct financial operations, bank mergers and corporate restructurings 

  • Competition - advising organisations on regulatory compliance, risk management such as antitrust and competition law 

  • Regulatory - advising on regulatory matters such as capital, liquidity and leverage requirements and other prudential requirements 

  • Financial Advisory - advising on restrictions on trading and investment activities and corporate crime and investigations including bribery statutes and governmental enforcement proceedings and investigations 

  • Finance - advising on all forms of structured finance and derivative transactions, advising on debt finance and leveraged lending, project, asset and trade finance 

  • Restructuring and Insolvency - advising on financial restructures, work-outs, buy outs and insolvencies 

  • Employment - executive compensation, benefits and employment related issues 

  • Real Estate - any assets owned by financial institutions and advising on real estate finance (asset securitisation) 

  • Technology - advising on payments processing and systems, including online payments and cross border payments and foreign exchange transactions 

  • Data Protection - handling customer data in a lawful way including data held on a global platform, privacy and cybersecurity protection

Clients in this sector...

Clients will include:

  • international and national banks 

  • investment banks

  • government owned commercial and development banks

  • brokers 

  • investment advisers 

  • investment funds 

  • private equity and hedge funds 

  • real estate investment funds 

  • sovereign wealth funds 

  • fintech enterprises 

Example legal cases

White & Case represented industrial and Commercial Bank of China Limited (the largest bank in the world in respect of total market capitalisation, customer deposits and net profits) in the acquisition of an 80% interest in The Bank of East Asia (USA) National Association.  

Bracewell LLP advised on a $60 million public offering of subordinated debt securities. 

Keystone Law acted for Calculus Capital during their investment in Every1Mobile Limited. 

Legal specialisms to consider...