As one of the largest and oldest banks in the United Kingdom, the Royal Bank of Scotland (RBS) has built a reputation for excellence in the financial services industry. However, the success of the bank is not solely based on its financial services offerings. RBS is also known for its legal training contract, which provides aspiring lawyers with the opportunity to receive hands-on experience in various legal disciplines.
The RBS legal training contract is highly sought after, as it offers trainees the chance to work with some of the most influential legal minds in the industry. The contract is designed to provide trainees with a comprehensive understanding of the bank`s operations, as well as the legal and regulatory framework governing the financial services industry.
The contract is divided into two parts. The first part is a six-month rotation where trainees work in various legal teams within the bank, such as Litigation, Banking and Finance, and Employment. During this time, trainees are given specific tasks and projects that allow them to gain in-depth knowledge of the legal processes and regulations that govern the different departments and the bank as a whole.
The second part of the training contract is a 12-month period during which trainees work in a single team, gaining hands-on experience in a specific area of law. During this time, trainees are responsible for managing their own caseload, working on high-profile projects, and advising the bank`s legal team on a range of legal issues.
Throughout the training contract, trainees receive support and guidance from experienced lawyers and senior staff members. They also attend regular training sessions, which provide them with the opportunity to develop their legal skills and knowledge.
In addition to the practical experience that trainees gain, the RBS legal training contract also provides a comprehensive benefits package. Trainees receive a competitive salary, as well as a range of employee benefits, including healthcare, pension, and life assurance.
The RBS legal training contract is highly competitive, with a rigorous selection process that includes online applications, psychometric testing, and interviews. The bank seeks candidates who have a strong academic record, excellent communication skills, and a passion for the financial services industry.
In conclusion, the RBS legal training contract provides aspiring lawyers with an invaluable opportunity to gain hands-on experience in a high-performing legal department within one of the UK`s leading banks. The training contract offers both practical experience and a comprehensive benefits package, making it an attractive option for legal graduates looking to start their careers in the financial services industry.