Milbank LLP partner Sarbajeet Nag, member of the firm’s European Leveraged Finance/Capital Markets Group, was recently interviewed and featured in LawCareers.Net Banking Practice Area Profile, providing insight and knowledge on careers in law and Leveraged Finance.
Banking and finance is a global industry involving a wide variety of financial products, ranging from simple bank loans to companies, to highly structured financing arrangements across multiple jurisdictions. The rise of internationalisation and the development of increasingly sophisticated financing structures mean that modern banking law and practice is becoming ever more complex. In the post-financial crisis era, banking and finance lawyers find themselves at the forefront of the evolution and recovery of the industry.
For some aspiring lawyers, a career in law is almost inevitable due to family ties to the profession – after all, they often say “it’s not what you know, but who you know.” But this isn’t always the case. Sarbajeet Nag started his legal studies in India almost 20 years ago and now considers how he came to the decision to practise as a solicitor: “The barrister profession in India was based quite heavily on personal connections, which made it hard for outsiders to just walk in and be successful.” As a result, “becoming a solicitor was a much more desirable career option,” and one that was more accessible for someone like Sarbajeet who didn’t have a personal background in law.
After overcoming several hurdles on his journey into the profession – including that at the time of applying for training contracts, there was only a “relatively small group of firms hiring graduates directly from law schools in India” – Sarbajeet is now a partner in the Leveraged Finance team at international law firm Milbank LLP.
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