The world’s banking and finance sectors—not to mention related industries—are huge, highly regulated, and constantly evolving. Because of the size and dynamic nature of these industries, the laws that govern them are often highly complex, which means that lawyers skilled in these areas can be in high demand. An LL.M. program in Banking/Finance/Securities Law can prepare grads for a variety of positions in the financial sector: some LL.M.s go on to work for law firms representing financial services companies; others go on to help individuals navigate the complex web of contracts and regulations. Additionally, an LL.M. in Banking or Finance can help for those looking to land a job as in-house counsel at a bank or another financial services firm, or even in a regulatory body.
Generally speaking, competition law—often referred to as antitrust law—seeks to prevent the rise of monopolies or cartels. Prominent cases like the litany of antitrust battles between Microsoft and the US government, as well as the legal difficulties that Google is facing as it expands globally, show the complex issues that firms face as they grow. Because of the delicate interplay between economics and competition, those who pursue LL.M.s in Competition Law might study a range of topics, from economic analysis to intellectual property rights. And indeed, graduates of LL.M. programs in Competition Law have gone on to provide expert advice in intellectual property and business law, serve with governmental and international regulatory bodies, and become specialized consultants for companies, legal firms and government.
International Tax Law
Globalization has created opportunities and challenges for the world’s international businesses, policymakers and governments. Taxing international dealings appropriately – and getting the best deal at the other end – has become a complicated task that demands experts in the field of international tax law. For those looking to comprehend how tax regimes around the world interact, LL.M.s in international taxation as well as related master’s degrees provide the opportunity to study how citizens, businesses and governments manage the challenges of international taxation. For those who pursue an LL.M. concentration in international tax law, careers in global corporations, policymaking, accountancy and government await.
US Tax Law
Taxation, and the laws that govern how it works, permeate the everyday lives of citizens all over the world. For lawyers in the US – as well as those based overseas whose practice touches on US tax laws – LL.M. programs in US Tax Law provide in-depth understanding and practical experience. An LL.M. in Taxation prepares graduates for working as tax specialists in law firms, in corporations wanting to plan and strategize their tax, in government and in academia. Other types of lawyers also work in response to tax policy: lawyers working in family law, property, finance, energy and healthcare can all benefit from specialized study in tax law.
Top 10 LL.M. Programs in New York
Although New York is not the biggest state in the US, it certainly carries its weight: it’s the fourth-most populous state in the country; if it was an independent country, it would rank as the twelfth biggest economy in the world. A number of law schools offer LL.M. programs in the state: many in and around New York City (of course), but others further north (‘upstate,’ as the locals say.) Here are the top 10 LL.M. programs in New York state: