A friend of a friend is an incoming summer legal analyst at JPM/GS/MS (but I don't know him well enough to ask questions haha), so I am intrigued to learn about work within the Investment Banking Legal divisions of BBs.
Are there any WSO'ers out here with such experience that they're willing to share?
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curious
There's not really an investment banking legal divison. It's a corporate legal division, you might work with IB group (mostly on revising redlines / contracts for a client hiring the bank as their advisor, or fee proposal documents) but that's about it.
You aren't doing any legal work on deals themselves - there are third party lawyers for that, M&A law is a whole thing - this job is very much CYA internal work
There seems to be different categories of Legal Divisions if you look at GS as an example from Investment Banking Legal to Corporate Real Estate Legal. Are they essentially paralegals within divisions?
got it, GS might do it differently, my legal group works on a ton of different groups
It's still the same work I described above. It's not "investment banking" type work, it is just basic contract work for a handful of types of client contracts. It's absolutely a great name for the resume if you are pre-law school and want to do financial law or M&A law down the road, but I think a long term career in this group would be super boring
By legal do you mean Compliance?
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