Latham & Watkins is getting into the social media game with the launch of a new iPhone application geared to Wall Street lawyers. The firm has developed a digital glossary of more than 750 financial, legal and regulatory terms used by capital markets and banking lawyers for its recently released app.
“Every profession has a language that it uses to exclude novices, and we really wanted to demystify some of this stuff,” said Kirk Davenport II, co-chair of Latham’s capital markets group. “I went to Brown and studied solar architecture, so when I was a first-year lawyer, I had no idea what the difference was between interest rate and yield. There are all these little subtleties that you have to be in the club to know about.”
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