Wealth Management Lawyers

Lawyer Finalizes Contracts for Wealth Management Clients

Wealth management lawyers provide a variety of legal services to wealth management (WM) firms—ranging from assistance with setting up trusts, to advice on regulatory compliance and tax and real estate issues, and representing their employer during litigation and dispute resolution. Some WM lawyers work for law firms that provide legal services to WM firms. Others are employed directly by high-net-worth individuals. The top attorneys at wealth management firms or banks with WM divisions are known as chief legal officers or general counsels. 

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Quick Facts
Alternate Title(s) Associates, Attorneys, Chief Legal Officers, General Counsels, Managing Attorneys
Duties Advise wealth management firms and high-net-worth individuals regarding issues such as trusts, tax issues, and litigation; negotiate contracts; structure deals
Salary Range $50,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in areas where a large number of high-net-worth individuals reside
Minimum Education Level
  • Law Degree
School Subjects
  • Business
  • Economics
  • Speech
Experience Three to five years of experience with a major law firm, bank, securities regulator, or broker/dealer for entry-level positions; five to 10 years of experience for higher positions
Personality Traits
  • Hands On
  • Organized
  • Problem-Solving
  • Financial
  • Organizational
  • Research
Certification or Licensing Required
Special Requirements None
Employment Prospects Good
Advancement Prospects Fair
Outlook Much Faster than the Average
Career Ladder
  • Chief Legal Officer
  • Managing Attorney
  • Associate

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