What are the responsibilities and job description for the Fund Formation Associate Attorney position at Direct Counsel?
About the Firm
Direct Counsel is seeking a Fund Formation Associate to join a prestigious law firm’s corporate practice. The firm offers a comprehensive blend of legal expertise and practical business counseling that helps clients achieve their goals in commercial, financial, and industrial transactions. They advise clients on a broad range of matters impacting both publicly and privately owned businesses.
Responsibilities
As a Fund Formation Associate, your primary focus will be on the formation of closed-end private investment funds, including venture capital, private equity, real estate, and hedge funds. You will also be involved in regulatory compliance for investment advisers to closed-end private investment funds. Key responsibilities include:
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Advising institutional investors and fund managers on private investment funds and regulatory compliance matters
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Drafting fund-related documentation such as partnership and operating agreements, private placement memorandums (PPMs), and subscription documents
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Assisting with regulatory compliance, particularly with regard to the Investment Advisers Act
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Collaborating with team members and clients to achieve effective and timely solutions
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Staying up to date with developments in the investment funds industry and regulations
Qualifications
To be considered for this role, candidates should meet the following qualifications:
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A JD or LLM from an ABA-accredited law school
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Admission or eligibility for admission in New York or Massachusetts
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At least four years of experience advising on private investment funds and regulatory compliance
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Strong drafting experience, including with partnership agreements, PPMs, and subscription documents
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Familiarity with regulatory issues related to the Investment Advisers Act and other relevant matters
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Excellent written and oral communication skills
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Ability to prioritize tasks, manage deadlines, and maintain a high level of organization
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A professional approach to working with clients and colleagues in a collaborative team setting
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Ability to work in-office approximately 60% of the time in accordance with the firm’s guidelines
About the Firm
The firm is a leading law firm with over 500 attorneys globally, offering strategic solutions to business leaders, entrepreneurs, and investors in their most critical transactions and disputes. With offices across the U.S. and in Toronto, they serve clients worldwide with expertise in core practice areas.
Compensation & Benefits
The salary for this position is $310,000, with additional bonus eligibility. The firm offers a comprehensive benefits package that includes health, wellness, and retirement options.
