Banking and finance 2 to 5 years' PQE

We are seeking to recruit a solicitor with 2 to 5 years' UK post-qualification experience to join the banking and finance group.

The team

The team comprises seven partners, supplemented by partners in our financial services regulation and banking and finance litigation groups, supported by a very collegiate and close-knit team of three senior counsel, 22 solicitors, a dedicated PSL, five trainees and three paralegals. The group has successfully grown over the last five years, and now incorporates a broad range of finance related practice areas including structured finance, debt capital markets, acquisition finance, subordinated finance, restructuring and insolvency, fund finance, corporate lending, real estate finance, loan investment and speciality finance.

We operate in a wider variety of fields and we strive for a balanced practice. We act for banks (e.g. NatWest Markets and Goldman Sachs), alternative lenders (e.g. Hayfin, Ares and BlueBay), sponsors (e.g. Epiris, Exponent and Silverfleet) and for corporate borrowers (e.g. J D Wetherspoon plc, Spectris plc and ITE Group plc).

Our structured finance practice provides expertise in all aspects of structured finance transactions, including securitisations, structured products, cashflow financings, repackagings and asset-backed bonds. Our lawyers are adept at finding solutions to the most complex and challenging transactions and accordingly are seeing an increase in the number of clients new to the practice, including financial institutions, corporates, fund managers, investors, servicers, trustees and other market participants. We regularly advise on transactions that are the first of their kind, frequently involving fund-based structures, which combines our capabilities in fund formation with our structured finance practice. Recent deals include advising Goldman Sachs Private Capital in relation to a private securitisation, backed by bridging loans originated by Together Financial Services, trading as Together.

The role

Duties will include:

  • working closely with partners, senior counsel and more senior associates to draft / review, negotiate and manage the execution of key finance documents – term sheets, facility agreements, note instruments, common terms agreements, intercreditor agreements, amendment agreements;
  • drafting / reviewing and negotiating security documents (including security release documentation) and related ancillary documents;
  • drafting / reviewing and negotiating other ancillary finance documents – fee letters, hedging letters, legal opinions, conditions precedent satisfaction letters;
  • managing more junior associates, trainees and paralegals on transactions, including supervision and management of CP documentation and processes; and
  • transaction management responsibility, from inception through to execution, closing and funding.

The candidate

We want to recruit a lawyer that fulfils the following criteria:

  • strong academic qualifications from A Levels, with a minimum 2:1 degree (from a highly regarded university) and commendation or above in the GDL and/or LPC (or equivalent);
  • at least one banking and finance seat completed during the lawyer’s training contract;
  • trained at a highly regarded structured finance and/or debt capital markets city practice;
  • 2 to 5 years’ post-qualification experience from a magic circle, silver circle or US law firm;
  • the ideal candidate will have significant structured finance and/or debt capital markets experience and will be eager to develop their expertise in this area; In addition the role will allow the candidate to undertake a degree of fund finance and general banking. However, the focus of the role will be on structured finance and debt capital markets matters;
  • ambitious, with a genuine commitment to develop their professional and legal skills and the profile of the team;
  • demonstrable interest in finance per se;
  • articulate and confident to deliver at the highest standard within a team of highly competent solicitors at the top of their game; and
  • the team is known as being very friendly and collegiate, and so the right person would need to fit well within the group and, for example, be willing to pitch in with transactions that others are working on, if required to help relieve workload pressures.

We want to add lawyers of the highest quality to our team. They need to want to take on responsibility (as client contact is encouraged), and to seek to realise their ambitions through the self-development of their technical and soft skills.

We are recognised for the quality of our work and the quality of our people is an essential element of this – any recruitment will only be made if this high standard is met, and we will not recruit merely to make up our numbers.

Macfarlanes is a distinctive law firm with a straightforward, independently-minded approach. We believe we are a smart alternative to the US and Magic Circle firms, offering real opportunity for ambitious lawyers to develop and work closely with quality clients on difficult and rewarding transactions. Our team has an excellent reputation for producing strong lawyers who feel part of a cohesive, friendly and supportive team, and whose efforts are appreciated and rewarded by the firm. Part of our drive to achieve is shown by the importance we place on the development of our solicitors’ legal and commercial skills - we believe our education and training programme is second to none.

Our commitment to inclusion

At Macfarlanes we understand the importance of an inclusive culture, the continued development of which has been identified as one of our key priorities.  Our focus is to foster an inclusive culture throughout the firm, from entry level to partnership.  It is about recruiting, retaining and promoting all groups in the firm fairly, and we are continually reviewing our processes to ensure that everyone has the same chance to develop and advance.  An inclusive, forward-thinking culture also enables us to provide innovative solutions to our clients.

We welcome applications from people of all backgrounds, bringing different perspectives and experiences, making Macfarlanes an exciting and stimulating place to work.  We seek to recruit the best candidates, regardless of gender, race or ethnicity, background, religion, physical abilities, sexual orientation or any other characteristic.

Competitive salary and benefits package

Location: London

Opening date: 16 October 2019

Closing date: 14 November 2019

Apply here

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