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Buy-side legal eagle: Difference between revisions
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{{a|people|}}A [[legal eagle]] who works for an [[asset manager]] or a [[hedge fund]]. Distrustful of [[brokers]], probably having been an [[ISDA negotiator]] at one once — an experience it is, in fairness, quite hard to enjoy. The average [[buy-side legal eagle]] is a bit smaller than a normal legal eagle, but often puts up quite the show and often get the better of bigger, lopier, dopier [[sell-side legal eagle]]s with bravura displays of growling and | {{a|people|}}A [[legal eagle]] who works for an [[asset manager]] or a [[hedge fund]]. Distrustful of [[brokers]], probably having been an [[ISDA negotiator]] at one once — an experience it is, in fairness, quite hard to enjoy. The average [[buy-side legal eagle]] is a bit smaller than a normal [[legal eagle]], but is preternaturally cunning often puts up quite the show and often get the better of bigger, lopier, dopier [[sell-side legal eagle]]s with bravura displays of growling and tipping. Had {{sex|she}} been to Hogwarts, would almost certainly have been in [[Slytherin]]. | ||
Loves pina collada, walking in the rain, arguing about [[co-calculation agent]] rights and claiming [[all our other counterparties have agreed this]]. | Loves pina collada, walking in the rain, arguing about [[co-calculation agent]] rights and claiming [[all our other counterparties have agreed this]]. | ||
A sub-specie is the buyside ''private practice'' legal eagle. These inhabit “boutique” law firms — little ones, usually, founded by former negotiators, but sometimes medium-sized ones with delusions of grandeur — and sometimes sequestered arms of [[Silver circle law firm|silver-circle firms]] who have sent a bunch of ne’er-do-wells to the basement as a sort of concession to some demanding real money manager client. Sometimes these teams flourish in their new environment. | |||
In any case this is the only known variant of law-firm lawyer who still has direct, hands-on experience negotiating {{isdama}}s. All sell-side firms have long since internalised their ISDA negotiation process, delegated it to paralegals and shipped it off to call centres in Bulgaria. | |||
{{sa}} | {{sa}} | ||
*[[Legal eagle]] | *[[Legal eagle]] | ||
*[[All our other counterparties have agreed this]] | *[[All our other counterparties have agreed this]] | ||
*[[Cross acceleration]] | *[[Cross acceleration]] | ||