Investment management/regulated funds 3 to 8 years' PQE

Macfarlanes’ market leading Investment Management group is seeking to recruit an associate to join its hugely successful team. As part of this growth, it is seeking to expand its regulated funds/open-ended funds practice by recruiting an associate with 3 to 8 years’ PQE.

Lora Froud is leading the growth of the regulated funds team which has had great success in recent years. Lora is looking for a driven, ambitious solicitor to work closely with and to assist with the ongoing development of the practice.

The Investment Management practice currently comprises of six partners, 14 associates, four trainees, one professional support lawyer and four paralegals. It is one of the broadest based investment management practices in London. The work covers the entire spectrum of investment management work from regulated funds (including UCITS) to private equity, private debt, venture capital, infrastructure, real estate and hedge funds. The regulated fund team, rated a Tier 1 in the Legal 500, participate in all the training and development activities run by the group.

The team advises fund managers, other service providers and investors on a range of matters relating to their work and ongoing strategic issues. Many of the clients' projects bring together a number of disciplines; frequently drawing on the expertise of tax colleagues, as well as derivatives and trading, corporate, and regulatory lawyers to provide a seamless service, however complex the work.

International issues are commonplace. The firm’s independent status ensures that the team is able to instruct the very best local counsel. As a result, clients benefit from the highest quality advice suited to their needs and the specific matter in hand.

 

Work and client base

The regulated funds team supports clients with:

  • the formation of new regulated funds (unit trusts, OEICs and ACSs);
  • product design, including firms both in the traditional long only area and in alternatives to explore the potential of "liquid alternative" funds;
  • on-going changes to fund ranges including mergers, changes to investment policies, changes to service providers and terminations;
  • the migration and amalgamation of funds between different jurisdictions;
  • marketing and distribution advice including cross-border registration of UCITS funds both into the UK and other Member States of the EEA, AIFMD notifications and reviewing distribution and platform agreements;
  • preparing and negotiating fund management agreements;
  • reviewing and negotiating service provider agreements such as depositary and custody agreements, administration agreements, and hosting or sponsorship agreements;
  • amending fund documentation in preparation for regulatory changes such as MiFID II; and
  • all related regulatory matters such as conduct of business rules, CASS, regulatory capital, RDR, UCITS V and VI, AIFMD, remuneration, PRIIPs, conduct risk, client and product documentation, general commercial / contractual matters (including GDPR) and outsourcing.

The regulated funds team advises many of the leading institutional asset managers including; Old Mutual, Vanguard, Fidelity, Aberdeen Standard, Goldman Sachs, Legal & General, GAM, Hermes, BNY Mellon, M&G and HSBC Wealth Management. Unlike many of the team’s competitors, advice does not end with the launch of the fund. The team strives to develop long-term relationships advising on corporate, regulatory and trading matters on a daily basis. The team really get under the skin of clients, allowing associates to build longer-term fulfilling relationships and develop their softer skills.

 

The candidate

The successful candidate will have excellent academic credentials, high quality legal experience, energy and enthusiasm. They will have worked in a leading institutional investment management practice or in-house at an asset manager. The team is looking for a solicitor who will enjoy working in a cohesive team and who is keen to support the firm’s goal of providing outstanding client service. The firm is committed to providing first class training and support to all its lawyers.

The team expects all is associates to work closely with clients and assume real responsibility. As matters often have a cross-border element, the team anticipates that its associates will frequently liaise with specialists in overseas jurisdictions.

 

Why choose Macfarlanes?

We believe Macfarlanes offers a smart alternative to the US and Magic Circle firms, with real opportunity for ambitious lawyers to develop and work for quality clients on difficult and rewarding transactions. The Investment Management group has a proven 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.

Breadth of work

The team encourages its associates to cover all areas of the group’s practice – no solicitor just works for one partner. Teams are partner led and lawyers are not left in the lurch to fend for themselves. That said, the team wants to stretch its associates and they are given as much 'rope' as they can handle. Projects are staffed with lean teams so all team members get real involvement in a project.

Education and training

The firm strives to provide its solicitors with long-term careers and have a career development programme in place which is designed to support each solicitor’s aspirations, enabling them to enhance their legal and commercial skills, and to reach their full potential. The firm believes its Education and Training programme is second to none. But the firm also provides significant wider training on development, such as presentation skills, building a network, managing time efficiently and operating as a modern day lawyer.

Prospects

The team expects the candidate will be concerned to know about partnership prospects. These are very real. In recent years the Investment Management practice has made up three partners and aims to grow the team organically over the next few years. The team will consider candidates with partnership aspirations, as well as those looking for a long-term career at a senior level but without the responsibilities of partnership.

The team has a genuine desire to recognise work life balance for its associates. It is committed to providing flexible working opportunities tailored to individuals’ needs and the firm offers a variety of long term career options.

Please note that the job description is not exhaustive and may vary in line with changes in the team’s objectives and firm’s policy.

Direct applications only. Strictly no agencies. 

Apply here