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Main Discussion

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Shami's Chakra botti
Posted - 20 April 2017 17:06
Funds are facing increasing regulatory pressure but have been doing bad things for an age while the banks have been getting pasted. The searchlight is raking over the undergrowth and is about to hover over them now. This is why they are hiring lawyers whereas before they would go to externals if they needed to (when they couldn't "deal" the risk away with half a basis point on the next one). I would say that these are about to be some of the grizzliest in house roles going. All the questions and none of the answers, plus business leads who are the least acclimatised to being told what to do by lawyers.

Good luck and may God have mercy on your soul.

HTH
pancake humper
Posted - 20 April 2017 17:08
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What kind of place? Small west-end hedge fund or Blackrock is gonna be a v different experience.
Barnsbury
Posted - 20 April 2017 17:12
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I have no direct knowledge but these sorts of regulatory roles (if that's what you're talking about) sound bloody awful. Your job would be to tell your boss that he / she can't do lots of things they've been doing for years and really want to continue doing.
Saillaw
Posted - 20 April 2017 17:16
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If it's in-house for a reasonable sized property fund it's probably pretty civilised and you'll have to the chance to invest some of your own cash, etc. If it's at some kind of hard core private equity fund it will be a nightmare with you on call permanently.
smegal
Posted - 20 April 2017 17:26
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cheers for comments. interesting feedback that has certainly given food for thought. to clarify, it is not property focused and more a west end type set up.
Asturias es mi patria
Posted - 20 April 2017 17:31
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Jbus Botti, it's not that bad

*takes off rosy sunglasses and screams*
Disaster Zondi
Posted - 20 April 2017 17:44
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Don't you just fvck all the work off to Simmons if it's a hedge fund?
wilfrostron
Posted - 20 April 2017 17:49
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Yep massively depends.

Pros are definitely salary, bonus prospects and the chance of earning more than PP lawyers. Incredibly demanding but still better life balance than being in PP.

Disagree re the 'not being acclimatised to being told what to do'. I've found business side - especially to the extent they have US backgrounds - to be very respectful of legal advice and entirely used to being constrained.

Not sure I'd fancy a compliance-only role though, transactional elements will be important if you're going to make good £.