Law students from the National University of Singapore (NUS) will now have a chance to gain practical experience in the banking industry through Citibank's legal internship programme.
Under the programme, up to 10 third-and fourth-year undergraduate law students will be mentored by a senior counsel at the bank. They will gain exposure to bank-related legal work in areas such as markets and securities services. At the end of three months, the top-performing intern will receive a training contract with Rajah &Tann.
According to NUS' law dean Simon Chesterman and executives from Citibank and law firm Rajah and Tann, the programme aims to address the increasing demand for lawyers who are able to understand legal issues from a business and global perspective.
"Lawyers need to understand the business dimension in order to understand their clients better in a more competitive marketplace these days," said Chesterman.
If lawyers knew the implications of their advice on a business, they would be able to create "true value", addedAndrew Wan, Citi general counsel for markets and securities services, Asia- Pacific.
Law graduates are required to complete a five-month practical law course, where they serve pupilage under the supervision of a senior lawyer. This will then culminate in further examination before the pupil is called to the Bar and attains a licence to practise. Although in-house counsel do not need a practising certificate, having experience as a practising lawyer is seen as a benefit.
Citibank will begin accepting applications for next year's internship by the end of this year.
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