As a recent graduate, you may still be navigating through different career paths to pursue. If you have a legal background or are interested in law-related careers, you may consider becoming a securities attorney.
Introduction to Securities Attorney
Securities attorneys help individuals and corporations comply with federal and state securities laws. They may work for private firms, government agencies, or corporations. Their responsibilities include drafting and reviewing securities filings, advising clients on compliance issues, and representing clients in court when necessary.
Career Values, Traits, Skills
To become a securities attorney, one must possess certain values, traits, and skills that are imperative for success in the field. Some of them include:
- Attention to detail: Securities attorneys must have excellent attention to detail as they handle complex legal documents and agreements.
- Analytical skills: They must have the ability to analyze securities regulations and legislation and apply them to specific cases.
- Communication skills: Securities attorneys must have excellent communication skills to articulate complex legal issues to clients and other stakeholders.
- Ethical: As with any legal profession, ethics is crucial to uphold professional standards.
- Determination: Securities attorneys must be dedicated and motivated to represent the best interests of their clients.
Career Path
To become a securities attorney, one must follow these steps:
- Earn an undergraduate degree
- Pass the LSAT (Law School Admissions Test)
- Complete law school and receive a law degree
- Pass the bar exam
- Gain experience by working in a legal setting
- Specialize in securities law through continuing education or working in a securities law firm
Salary Range
According to the US Bureau of Labor Statistics, the median salary for lawyers in 2020 was $126,930. However, the salary range for securities attorneys varies depending on factors such as experience, location, and firm size.
Tips for Success
- Network with other legal professionals and attend industry events to stay up-to-date with the latest securities laws and regulations.
- Become an expert in a specific area of securities law, such as IPOs or insider trading, to differentiate yourself in the field.
- Keep up-to-date with technology as it has become prevalent in the securities law industry.
- Be prepared to work long and irregular hours, especially when working on a high-profile case.
References
For more information about the securities attorney career path, consult these resources:
- American Bar Association – Securities Law Section
- National Association of Securities Attorneys
- Securities Industry and Financial Markets Association.
