Employment for lawyers who work for firms that deal with funds, trusts, and other financial vehicles is expected to grow by 30 percent through 2024, according to the Occupational Outlook Handbook. An increasing number of hedge funds are hiring full-time staff (rather than contract workers) to provide legal guidance regarding regulatory compliance and other issues. “The hedge fund trend toward in-sourcing legal talent has opened a door that was all but closed to the legal profession,” advises Hedge Funds Job Digest. “Lawyers with relevant expertise have unprecedented employment opportunities in the hedge fund industry.”
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