Legal Internship - Cambridge Investment Research, Inc.

Cambridge has recruited talented interns from across the country to join us during the summer for a 10-12 week internship. Each year, over 35 interns join us for a paid summer internship experience at our home offices in Fairfield, Iowa and Phoenix, Arizona. The Next Step® internship program gives students practical insight into the financial services industry and allows students to gain practical knowledge in their field. Students are partnered with a professional mentor, supervisor, and executive leader to gain networking opportunities and learn from industry professionals. At the conclusion of the internship, each intern will have the opportunity to present on their experience and a specific project of their choice.  

Cambridge’s Legal team is responsible for protecting the firm, our financial professionals, and their clients by resolving problems and mitigating risk through offering guidance, support, and white glove customer service. This team handles contract negotiation and review, arbitration and litigation, and evaluates risk. The intern will have the unique opportunity to experience what it would be like to work as in-house, corporate counsel in a traditional legal role with the added layer of experiencing what it would be like to utilize their law degree in the context of compliance and risk work, a non-traditional role. The intern will be exposed to several areas of practice, including but not limited to securities law, contract law, employment law, and corporate governance as well as risk and compliance work.

We have three Legal Internships available in the Fairfield, IA office.

As the Legal Intern, you will:

• Collaborate with and assist the attorneys with contract review and negotiations
• Conduct research related to laws and regulations such as tax laws, power of attorney, trust and privacy laws
• Drafting legal documents such as letters, reports, memorandums, presentations, and basic contracts
• Conduct risk assessments and testing
• Interact with other departments to focus on core projects and to help complete tasks, resolve issues, and improve processes and procedures 
• Report to a supervising attorney who will assist with projects and facilitate networking opportunities

Candidates must be enrolled in an ABA accredited law school and must have completed one year (or more) at the time the internship begins. Ideal candidates will also have a background and/or interest in the financial industry, compliance, regulation, risk assessment, due diligence, securities law, corporate law, contract law, and/or employment law. Experience utilizing legal research tools such as Westlaw or Lexis Nexis is preferred.

Compensation:$19-$23 per hour. This range is a good faith estimate of the compensation to be offered for this position based on the ideal candidate’s qualifications, the Company’s operational needs, and other considerations permitted by law. The actual pay offered to a specific candidate may vary above or below the stated range.

Benefits:

• Paid time off: Interns receive 16 hours of paid time off to use throughout the summer
• Volunteer time: Interns receive eight hours of paid time off to volunteer throughout the summer
• Holiday pay: Memorial Day and Independence Day
• Educational courses: Interns participate in educational training hosted by our Associate Training and Development team. Courses consist of career workshops, problem solving, professional development and financial services industry basics.
• Networking events: Interns have the opportunity to network with our company executives during the Welcome and End of Summer Banquets. Interns will participate in leadership panels to hear from company leaders, ask questions and gain valuable insight as well as have the chance to job shadow in other teams at Cambridge. Following the summer internship, interns have access to The Next Step® Intern Alumni LinkedIn group to stay in touch with Cambridge and other past interns.
• Opportunity to discuss continued employment with Cambridge on a part-time or full-time basis following the internship.