The banking and finance solicitors work on the transactions which involve the borrowing of money to fund an activity of a company, obtain a company or finance a construction project, such as power plant or hospital. The litigation, corporate and regulatory issues are also into a banking and finance department. It’s more on transactional rather than just a pure legal advisory work.
Banking law usually covers the regulation of banks, bank officials, and banking services such as the checking accounts, savings accounts, and other deposit accounts, and bank loans. The bank-related crimes are also covered are non-bank institutions like the savings and loan associations and credit unions that will provide bank services. The bank customers should be able to ask with the attorneys on possible problems or difficulties in accessing deposit accounts, funds transfer, credit or loan services, discrimination in obtaining credit, dishonored checks and account records.
The mortgage law is also concern with the regulation of the mortgage loans, loans on real estate as collateral, or a security instrument or liens on real property which includes the mortgage liens, deeds of trust and mortgage assignments or conveyances. The legal issues include notice and a full disclosure of requirements, the nature and type of mortgage loans and interest rates, deficiencies or problems in executing or processing the application or the mortgage instrument, insurance requirements, foreclosure or termination procedures, and redemption.
The finance lawyers have a continuous relationship with their clients, who are usually being split between borrowers and lenders. It is the job of the lawyer to negotiate the terms of borrowing and come to a position that will work for the both parties.
Since the technology today is now modernized, the lawyer’s time is weighed more heavily in the office than in face-to-face meetings. Furthermore, finance lawyers get more involved in a lot of client marketing such as drinks receptions, lunches, table tennis or five-a-side football evenings, or training events.