Employment for lawyers who work for firms that deal with funds, trusts, and other financial vehicles is expected to grow by 9.7 percent from 2023 through 2033, according to the Occupational Outlook Handbook. This is much faster than the average for all careers. 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.” With that said, it's important to remember the field is small, and that it is extremely difficult to land a job in hedge fund law. Lawyers with considerable experience in hedge fund law and certification will have the best job prospects.
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