Job details

Summer Law Clerk - Legal

The Legal Division of the Board of Governors of the Federal Reserve System (Board) is hiring paid summer law clerks for the summer of 2024. The Board, an independent agency of the federal government, serves as the nation’s central bank and conducts monetary policy; maintains the stability of the U.S. financial system; supervises and regulates a wide range of banking institutions, including systemically important financial institutions; and provides key financial services to depository institutions.

The Board’s Legal Division offers attorneys opportunities to work on challenging legal issues relating to federal regulation of the nation’s banking system, including providing legal analysis and advice regarding mergers and acquisitions, and developing and implementing policies related to, among other things, banking supervision and consumer protection, payments systems, and the discount window. Attorneys also defend and prosecute ligation in which the Board is a party; engage in enforcement actions and investigations undertaken by the Board; and provide legal analysis and advice on matters relating to the management of the Board. The Legal Division is comprised of approximately 115 attorneys working in three primary functions: Financial Regulation and Policy; Litigation and Enforcement; and Internal Administrative Law. Summer Law Clerks will work on assignments in all three primary groups.

Principle duties & responsibilities:

1. Conducts legal research (e.g., statutes, regulations, case law, policies).

2. Writes memoranda, correspondence, case law briefs, and legislative summaries.

3. Attends and participates in client meetings.

What does it take to be successful?

1. Legal Analysis Skills: The work requires the ability to conduct legal research on applicable statutes, regulations, caselaw, and policies and apply that research to the issues presented by the matter/question and reach logical and well-reasoned conclusions.

2. Writing and Communication Skills: The work requires the ability to produce well-written work product that presents the substantive legal argument in a well-organized, logically structured and persuasive manner. There is frequent contact with all levels of Division management as well as staff of other divisions and offices, staff of the Reserve Banks, other government agencies, and financial organizations.

3. Other Factors: Ability to work well with others, self-motivation, and attention to detail.

Salary: $125,000

Highlights of the Summer Law Clerk program:

The Legal Division has a structured program that provides summer law clerks with the opportunity to experience working as a junior staff attorney.

The summer program includes social events across the vibrant Washington, D.C. area.

Summer Law Clerks are paired with junior and senior members of Legal Division staff, for mentoring purposes, and to facilitate introductions and connections.

Position Requirements

Qualifications:

Requirements for Summer Law Clerk:

Applicant must be a current 2L (graduating class of 2025)

Must be a U.S. citizen to work at the Federal Reserve Board.

Preferences for Summer Law Clerk:

Minimum GPA of 3.5

Exceptional oral and written communication skills.

Ability to work well with others, self-motivated, and attention to detail.

Remarks:

Applicants should provide resume, writing sample, and transcript.

If selected for interview, applicant should be prepared to reason through a legal issue.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

By Federal Reserve Board

The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.

FUNDING

INDUSTRY

TEAM SIZE

LOCATION

Hybrid, based in Washington, DC

DATE POSTED

July 24, 2023