Gavin Mooney – Finance, Capital Markets
I completed my B.B.S. (Bachelor of Business Studies) undergraduate degree in Trinity College Dublin before going on to complete a postgraduate diploma in Legal Studies in DIT, Aungier Street.
Beginning life as a trainee is an extremely daunting prospect and it was evident from meeting my fellow trainees my first day that everyone felt the same! However, from the moment you begin your Development Programme the sense of unity and team spirit quickly dispels any nervousness. All the trainees in the intakes ahead are extremely friendly and accommodating providing reassurance, amusing anecdotes and useful tips on what life is like as an Arthur Cox trainee.
For my first rotation, I was been placed in the capital markets team of the Finance Department. It was a hugely enjoyable and exciting rotation. It’s fascinating to be involved in transactions that are shaping the financial and legal landscape we live in. It is at times a challenging rotation due to the specialised nature of capital markets law but the sense of team spirit and unity throughout the finance team mean no trainee is ever left feeling completely out of their depth.
My day to day tasks include:
- Review of security documents and facility agreements for and on behalf of lenders;
- Research into various areas of capital markets law such as the operation of loan participation notes (LPN’s);
- Drafting of various security documents such as deeds of release, debentures, charges and guarantees;
- Due diligence reports prepared for various financial institutions; and
- Compiling research bibles on key areas of capital markets legislation such as the Prospectus Directive 2003/71/EC (a directive on the information to be included in the prospectus offered to the public when financial institutions offer securities for sale).
As is evident from the tasks I’ve been involved in, the work is varied, interesting and at times challenging. What has struck me the most about life as a trainee in Arthur Cox is the focus on teamwork. The trainees work together to make each other’s lives easier. A trainee who has done a rotation in the area you’re working in will always be willing to offer invaluable advice and insights into a variety of issues such as drafting or research techniques. Also, trainees are excellent at organising group activities whether they are social drinks on a Friday or trips away over weekends.
Overall, I’m finding life as an Arthur Cox trainee exciting, enjoyable and hugely beneficial to my career as a solicitor.