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Career Story: Lawyer At A Mutual Fund Company

Lawyer At A Mutual Fund Company

Job Title: Lawyer

Type of Company: Financial services company that focuses on offering investment products

Education: JD, Harvard •• BA, Bowdoin

Previous Experience: I worked for 12 years at one mutual fund company and now 5 years at a second one.

Job Tasks: I manage a group of people who are responsible for preparing the registration statements for the mutual funds advised by my company. In that capacity, I have general management responsibilities as well as responsibility for establishing and monitoring procedures for ensuring that our disclosure is complete and accurate.

In addition, I am responsible for developing and implementing new products and other initiatives. These projects could range from new product ideas for a mutual fund, to developing the company position on regulatory issues or implementing new regulatory requirements. My work is split between dealing with day-to-day issues of what should go in a document that is printing today and dealing with long-term strategic issues.

Best and Worst Parts of the Job: The best part of the job is that it offers part-time work as a lawyer (over 30 but under 50 hours a week) which is difficult to find and to a large degree interesting work. I enjoy working for a company rather than a law firm as I like the business side of my job.

The worst part of the job is that it is often difficult to accomplish my objectives. Compared to my prior job, my current company moves much slower, is more hierarchical, and not very good at decision-making.

Job Tips:
1. Because I work in-house in a company rather than a law firm, experience and knowledge of the businesses the company is involved with is critical. In addition, management skills are much more highly valued in a company than in a law firm.

2. For anyone considering entering the legal field, I believe they should carefully consider why they want to become a lawyer to make sure that it might be a satisfying career. There are a lot of lawyers who hate their jobs - especially in law firms.

Additional Thoughts: I spend a significant portion of my time on non-legal issues - on management issues and on business issues. This is one of the things that I like most about my job.

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