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For Companies At a Glance
- Tasks: Join the F1 Legal team to negotiate and manage race promotion contracts globally.
- Company: Formula 1 is a leading motorsport brand, thriving with record demand for events worldwide.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and collaboration.
- Why this job: Be part of an exciting industry, working on high-profile events that shape global sports culture.
- Qualifications: 1-3 years post qualification experience in commercial law, ideally from a top-tier firm.
- Other info: Work closely with a small, dedicated legal team and engage with diverse stakeholders.
The predicted salary is between 36000 - 60000 £ per year.
Formula 1 is enjoying a golden era. The demand to participate in Formula 1 is at record high levels across all dimensions – amongst race goers, sponsors, broadcasters and likewise amongst major destination cities and nations vying to host Formula 1 Grand Prix events.
We seek a highly motivated legal counsel to join the Formula 1 Legal team for a role supporting Formula 1’s Race Promotion business. Race Promotion is a key pillar of Formula 1’s business and centres on granting the right to host and promote Formula 1 Grands Prix around the world. The role will involve working closely with the Race Promotion commercial team on various Formula 1 race promotion deal negotiations and ongoing contract and relationship management across the Formula 1 race calendar.
This role will suit a candidate with ideally 1-3 years’ post qualification experience. Our new team member will join a team of three lawyers and one paralegal, overseen by a chief counsel, ultimately reporting to the chief legal officer.
Key responsibilities will be as follows:
- drafting and negotiating contracts with our race promoters. These contracts involve a wide variety of legal and commercial matters including event commercialisation (e.g. local sponsorship, hospitality, ticket sales), event operations and delivery (e.g. security, health and safety), insurance, financial security (e.g. guarantees, letters of credit) and interaction with FIA regulations
- drafting licence agreements for use of F1 intellectual property by race promoters
- managing regular ongoing promoter communications (relating to local laws, use of event CCTV, official suppliers, insurance) and assisting with general day to day enquiries from promoters
- providing commercially minded, pragmatic legal advice and support on a range of matters relating to the promotion and organisation of Formula 1 Grand Prix events, including support series such as F2, F3 and F1 Academy
The candidate will also have the opportunity to be involved in matters such as:
- reviewing, negotiating and drafting various ancillary contracts such as NDAs or MOUs regarding initial new race territory discussions
- assisting with other related commercial matters, including providing strategic and practical advice to a variety of Formula 1’s business teams (such as sponsorship, licensing, hospitality and motorsport) regarding Formula 1’s race promotion contracts
- working with our Compliance department on requisite DD for commercial partners and suppliers
- preparing and managing contract summaries and supporting commercial teams in their management of contracts (including acting as Legal team point of contact as required) •
- supporting the Procurement team in relation to agreements for the provision of goods and services, including reviewing and negotiating F1’s and supplier standard terms and conditions and data processing addendums
- conducting legal research to support business decisions and ensure compliance with relevant laws and regulations
We would like to meet candidates who:
- trained and qualified as a lawyer at a top tier firm. The candidate likely qualified into a commercial or corporate practice area. They will have solid experience of legal drafting and might have relevant industry sector experience such as media, sport, entertainment, infrastructure or major projects
- are enthusiastic, have a strong “can-do” attitude and a willingness to expand their skillset
- are agile, organised, can manage multiple workstreams simultaneously and deliver results under pressure to a deadline
- have excellent written and verbal communication skills, with the ability to effectively communicate legal concepts to non-legal stakeholders
- pride themselves on having a high degree of attention to detail
- are team players and understand of the importance of building relationships with clients, peers and race promoters
- take responsibility for own workstreams, will offer a view about the best path forward for the F1 business and are problem solvers
- are curious about the business of sport, world politics and F1
Legal Counsel, Race Promotion employer: Formula 1
Contact Detail:
Formula 1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel, Race Promotion
✨Tip Number 1
Familiarise yourself with the Formula 1 business model and its legal framework. Understanding how race promotion works, including the intricacies of contracts and negotiations, will give you a significant edge in interviews.
✨Tip Number 2
Network within the motorsport and legal communities. Attend industry events or webinars related to sports law and Formula 1 to meet professionals who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Stay updated on current events in Formula 1 and the broader sports industry. Being knowledgeable about recent developments, such as new regulations or major sponsorship deals, will demonstrate your passion and commitment during discussions.
✨Tip Number 4
Prepare to discuss your problem-solving skills and how you've handled complex legal issues in the past. Be ready to provide examples that showcase your ability to navigate challenges, especially in high-pressure environments.
We think you need these skills to ace Legal Counsel, Race Promotion
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in legal drafting, contract negotiation, and any specific industry knowledge related to media, sport, or entertainment. Emphasise your post-qualification experience and any roles that demonstrate your ability to manage multiple workstreams.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for Formula 1 and the role of Legal Counsel in Race Promotion. Discuss how your skills align with the responsibilities outlined in the job description, particularly your experience with commercial contracts and relationship management.
Showcase Communication Skills: Highlight your excellent written and verbal communication skills in both your CV and cover letter. Provide examples of how you've effectively communicated complex legal concepts to non-legal stakeholders, as this is crucial for the role.
Demonstrate Problem-Solving Abilities: Include specific examples in your application that showcase your problem-solving skills and your ability to provide pragmatic legal advice. This could involve situations where you successfully navigated challenges in contract negotiations or compliance issues.
How to prepare for a job interview at Formula 1
✨Know Your Contracts
Familiarise yourself with the types of contracts you'll be dealing with, such as sponsorship agreements and licensing deals. Be prepared to discuss your experience in drafting and negotiating similar contracts, as this will demonstrate your relevant skills.
✨Show Your Passion for Motorsport
Express your enthusiasm for Formula 1 and the wider motorsport industry. Research recent developments in F1 and be ready to share your thoughts on how legal aspects impact race promotion and event organisation.
✨Demonstrate Problem-Solving Skills
Prepare examples of how you've tackled complex legal issues in the past. Highlight your ability to provide pragmatic legal advice and support, especially in high-pressure situations, as this is crucial for the role.
✨Communicate Clearly
Practice explaining legal concepts in simple terms, as you’ll need to communicate effectively with non-legal stakeholders. Good communication skills are essential for building relationships with clients and peers in this role.
