If crises are often opportunities in disguise, lawyers involved in banking and financial law surely have significant opportunities in the aftermath of the greatest financial crisis in 75 years. Here in the Graduate Program in Banking and Financial Law, we are focused on identifying those opportunities and seeking to be sure that our graduates are equipped to take advantage of them.
In response to the 2008 financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. This 2300 page law has fundamentally changed the practice of financial services law in the US and for US financial institutions. More than five years later, regulators are still finalizing the rules, interpretations, and guidance to implement the various provisions of Dodd-Frank. Financial institutions are still at an early stage in applying the newly written rules. Even at this stage, however, it is clear that the comprehensive scope of the statute and the breadth and complexity of the regulations will create tremendous opportunities for financial services lawyers, both in the US and around the world, for many years to come.
The Graduate Program in Banking and Financial Law has been at the forefront of financial services law since 1984. It is the oldest LLM program of its kind in the United States and, since its inception, has trained more than 2,000 lawyers for leadership positions in the United States and around the world. Our graduates hold influential positions in government agencies, law firms, corporations, financial institutions, and non-governmental organizations on a global basis.
In this program, we seek to provide an education that is both relevant and practical. To do this, we have assembled a faculty of financial services professionals who are masters in their field and who have the passion, dedication, and commitment to teach and train young lawyers. Our co-curricular activities provide our students with total immersion in the financial law area, through internships, career discussions, lectures, activities of the Boston University Center for Finance, Law & Policy, and the opportunity to serve on the staff of the Review of Banking and Financial Law, the nation’s oldest student-run law journal devoted to this subject.
Our doors are open to serious professionals who would like to seize an opportunity for a career in new world of financial services. If you share our perspective and see opportunities where others see crisis, we invite you to join us in the Program. We can assure you that you will enjoy it.
James E. Scott