Career Associate, Asset Management

Ropes & Gray LLP; New York (NY); Hybrid; USD 290,000 - 375,000; Full time

Job summary

Ropes & Gray LLP is seeking an experienced Career Associate to support the Asset Management Practice Group. This full-time role focuses on asset management, private equity, investment funds, fund management, and related transactional and governance matters for one of the firm’s largest private equity clients.

The Career Associate will serve as a dedicated legal resource for a high-volume client workflow, supporting fund formation, co-investments, management company matters, transfer

Qualifications

• JD and bar admission in good standing required.
• 5+ years of experience at law firm or in-house legal department in private equity, asset management, or fund management.
• Strong drafting, legal analysis, organizational and project management skills.
• Knowledge of fund-related agreements, carried interest, and management incentive structures.
• Experience developing or maintaining templates, playbooks, precedent libraries, or knowledge management resources.
• Ability to build trusted client relationships and collaborate with cross-functional teams.
• Experience with AI technologies in a responsible, ethical manner.

Responsibilities

• Provide day-to-day legal support for fund operations and asset management matters.
• Draft, review, and negotiate transfer agreements and related fund documents.
• Support management company and general partner entity matters and vesting schedules.
• Coordinate with legal, finance, tax, compliance, and investor relations teams on transactions.
• Maintain records, templates, and workflows to improve efficiency.
• Identify opportunities to create precedents and reduce risk.

Skills

Drafting

Project management

Organizational skills

Client relationships

Knowledge management

AI ethics in law

Education

Juris Doctor degree

Job description

Ropes & Gray is seeking an experienced Career Associate to support the Asset Management Practice Group. This full-time position focuses on asset management, private equity, investment funds, fund management, and related transactional and governance matters primarily for one of the firm’s largest private equity clients.

The Career Associate in this position will serve as a dedicated legal resource for a high-volume client workflow and supports fund formation, co-investments, management company matters, transfer documentation, upper-tier carried interest grants, and related fund operations. This role suits an experienced attorney who can work independently, 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 fund operations, including confidentiality agreements, intercompany agreements, and related asset management matters.
• Draft, review, and negotiate transfer agreements and related documentation for fund interests, including transfer consents and related due diligence materials.
• Support management company and general partner entity matters, including organizational documents, internal economic arrangements, award agreements, and vesting schedules.
• Coordinate with legal, finance, tax, compliance, management, and investor relations teams 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 or more of relevant experience at a law firm and/or at an in-house legal department at a private equity firm, asset management firm, or similar legal environment, with substantial experience in private equity, fund formation, investment funds, or fund 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-related agreements carried interest arrangements, management incentive structures, transfer documentation, and related governance matters.
• 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 $290,000 to $ 375,000, 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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