Barrister & Solicitor
Osgoode LLM: Banking & Financial Services Law, 2013
Year of call: 2001
In the wake of the 2008 financial crisis, Trevor Noronha, a senior counsel with Toronto Dominion Bank, developed an interest in a growing area of law: derivatives. These complex financial instruments are, essentially, contracts in which investors have agreed to buy or sell a particular asset in the future at a predetermined price. And they played a central role in the economic meltdown. “As a result, regulators started looking at derivatives,” says Noronha. “They decided that there would have to be more regulations.”
The demand for expertise in this area of law was about to skyrocket. So in 2010, Noronha took action: he enrolled in the banking-law specialization of the Osgoode Professional LLM, a rigorous graduate program that he could complete on a part-time basis.
The program turned Noronha into a master of the derivatives market. He published a paper on the credit default swap, a specific type of derivative that helped trigger the collapse of the housing market. During class, he worked alongside other lawyers who shared his enthusiasm. “To this day,” he says, “there are people I keep in touch with.”
The program had another lasting effect. “I realized that I no longer wanted to practise in-house,” says Noronha. “I wanted to practise on my own.” And so, last year, he left TD to start a solo practice in capital markets and derivatives. As he builds up his new firm, he also works with McCarthy Tétrault LLP as embedded counsel to one of its clients. “The LLM changed the course of my career,” says Noronha. “It invigorated me.”
Fast facts about the Osgoode Professional LLM
1. Flexible: The program is designed for professionals. Evening and weekend classes let you earn a degree while working.
2. Specialized: Dive deep into one of 14 areas of specialization, including tax, securities, criminal, constitutional, business, and dispute resolution.
3. Rigorous: Throughout the program, you’ll complete detailed papers on a complex area of law, honing your legal writing and analytical skills.
Osgoode’s Professional LLM is designed with the working lawyer in mind. To learn more, visit the program’s website or call (416) 673-4670.
This story is from our Spring 2019 Issue.