Career Associate, Alternative Asset Opportunities

Ropes & Gray LLP; New York (NY); Hybrid; USD 265,000 - 350,000; Full time

Job summary

Ropes & Gray LLP in New York seeks an experienced Career Associate to support the Alternative Asset Opportunities Practice Group. The role focuses on fund investments, co-investments, secondary transactions and related governance matters for institutional investor clients.

The attorney will work independently, manage a high-volume client workflow, and develop templates and precedents while maintaining robust client relationships in a fast-paced asset management environment.

Qualifications

• Juris Doctor degree from an accredited law school and bar admission in good standing.
• Minimum of 5 years of relevant experience at a law firm and/or in-house asset management legal team.
• Strong drafting, legal analysis, organizational, and project management skills.
• Knowledge of fund investment, co-investment and secondary transaction documentation.

Responsibilities

• Provide day-to-day legal support for institutional investor clients, including confidentiality, subscription, transfer agreements, KYC/AML and investment structuring.
• Draft, review, and negotiate transfer and subscription agreements and other docs for alt asset transactions.
• Coordinate with corporate, tax, regulatory, and client teams to implement transactions and maintain records.
• Manage a steady pipeline of recurring matters, track deliverables and deadlines, maintain templates and workstreams.
• Identify opportunities to improve forms, build precedents, streamline workflows, and reduce risk.
• Apply sound legal judgment and strong drafting to deliver accurate work in a fast-paced asset management environment.

Skills

Contract drafting

Legal analysis

Project management

Client relationships

Education

Juris Doctor degree

Tools

Legal AI tools

Job description

Ropes & Gray is seeking an experienced Career Associate to support the Alternative Asset Opportunities Practice Group. This full-time position focuses on fund investments, co-investments, secondary transactions, and related transactional and governance matters for several of the firm’s largest institutional investor clients.

The Career Associate in this position will serve as a dedicated legal resource for a high-volume client workflow. This role is suited to an experienced attorney who can work independently, is driven to build trusted client relationships, and possesses deep subject matter knowledge of a sophisticated investment platform.

This position offers a hybrid work arrangement with periodic in-office or client-facing presence.

Key Responsibilities

• Provide day-to-day legal support for our institutional investor clients, including confidentiality agreements, subscription agreements, transfer agreements, KYC/AML processes, investment structuring and related investment-related matters across asset classes and geographies.
• Draft, review, and negotiate transfer agreements, subscription agreements, and other documentation for alternative asset transactions, including fund investments, co-investments and secondary transactions.
• Coordinate with corporate, tax and regulatory colleagues within Ropes & Gray, along with legal, finance, tax, compliance, management, and investor relations teams at our clients to implement transactions accurately and maintain clear records.
• Manage a steady pipeline of recurring matters, track deliverables and deadlines, and maintain organized records, templates, and workstreams.
• Identify opportunities to improve forms, build precedent resources, streamline repeatable workflows, and reduce legal and operational risk.
• Apply sound legal judgment, strong drafting skills, and practical project management to deliver accurate work in a fast-paced asset management environment.

Juris Doctor degree from an accredited law school and admission in good standing to the bar in the relevant office location jurisdiction.

Minimum of 5 years of relevant experience at a law firm and/or at an in-house legal department at an asset management firm, or similar legal environment, with substantial experience in transactional and/or asset management matters.

Strong drafting, legal analysis, organizational, and project management skills, with the ability to manage a high volume of matters independently and accurately.

Knowledge of fund investment, co-investment and secondary transaction documentation.

Ability to build trusted relationships with clients and cross-functional teams while serving as a practical, responsive, and reliable legal partner.

Experience developing or maintaining document templates, playbooks, precedent libraries, or knowledge management resources.

Proficiency in using artificial intelligence technologies responsibly and ethically, including the ability to identify appropriate use cases, protect confidentiality, verify outputs, and apply independent legal judgment.

Compensation

In accordance with the State’s Pay Transparency Law the anticipated pay range for this position is $265,000 to $350,000 which represents our good faith and reasonable estimate of the starting salary range at the time of posting. In addition, this role is eligible for a discretionary, year-end bonus.

Equal Opportunity Statement

Ropes & Gray is committed to a policy of equal employment opportunity in all its employment practices and does not discriminate against any individual working at the firm, employee or applicant for employment, on grounds of race, creed, color, religion, sex, gender, pregnancy or pregnancy-related condition, sexual orientation, gender identity or expression, genetic information, citizenship status, domestic violence victim status, work authorization status, national origin, ancestry, age, medical condition, physical or mental disability, prior arrest or conviction record, familial status, marital status, military or veteran status, retaliation, or any other factor prohibited by applicable law.

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