Managing an Effective Investment Bank Legal Department

September 2008Management Banking & Finance

Abstract

The role of an investment bank legal department head who manages both financing and capital markets transactions is twofold. It is in the first instance a defensive role, focused on protection of the institution from the financial and reputational consequences of claims, litigation and criminal charges. Reputational risk can be difficult to anticipate and very harmful to an investment bank’s business. Accordingly, members of an effective and well-managed investment bank legal department must remain keenly aware of the potential shockwaves produced by any event with reputational connotations. An investment bank’s legal department head needs to partner with senior management in protecting the investment bank against the risk of loss of clientele as well as the risk of losing general or product-specific licenses to do business.

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Managing an Effective Investment Bank Legal Department

Abstract

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