Banking and Finance - Principal Associate

Banking and Finance - Principal Associate

Full-Time 80000 - 100000 £ / year (est.) No working from home possible
BCL Legal

At a Glance

  • Tasks: Join a leading law firm to advise on high-value, cross-border finance transactions.
  • Company: Top UK law firm with a market-leading guarantees and structured finance practice.
  • Benefits: Competitive salary, sustainable billing expectations, and clear partnership prospects.
  • Other info: Collaborative culture with exposure to complex international mandates and career development focus.
  • Why this job: Step into a high-performing team with strong client relationships and deep sector expertise.
  • Qualifications: 8+ PQE lawyer from a top-tier law firm with banking experience.

The predicted salary is between 80000 - 100000 £ per year.

We are working on behalf of a leading UK law firm to recruit an experienced Transactional Finance Lawyer (8+ PQE) into a specialist guarantees and structured risk finance practice in London. This is a rare opportunity to join a market-leading team operating at the intersection of banking, insurance, and structured credit, advising global clients on high-value, cross-border transactions.

The role involves joining a highly regarded team acting for global insurance clients on the structuring and execution of guarantee and on-demand bond facilities across domestic and international markets. Key work includes:

  • Facility agreements and related financing documentation
  • Recourse and credit support arrangements
  • Guarantee / on-demand bond drafting and structuring
  • Security and intercreditor arrangements
  • Risk participation and sharing structures

You will also gain exposure to credit distress, restructuring scenarios, and claims management, working alongside specialist colleagues across related practice areas.

Why this role? This is a genuinely distinctive opportunity to step into a specialist, high-performing platform with strong client relationships and deep sector expertise in the guarantees and structured finance market. You will be joining a team known for:

  • Technical excellence and high-quality work
  • Long-standing relationships with global insurance and financial institutions
  • A collaborative, commercially focused culture
  • Exposure to complex, international mandates

What’s in it for you? Competitive salary and benefits package, sustainable billing expectations (c. 1,350 hours per annum), genuine long-term progression potential, including clear partnership prospects, market-leading platform in the guarantees and structured finance space, high-quality, complex international work with global clients, strong partner access, mentoring, and career development focus.

What you will bring: We are seeking an 8+ PQE lawyer currently operating within a Magic Circle, Silver Circle, or top-tier US law firm, with experience in Banking.

Banking and Finance - Principal Associate employer: BCL Legal

Join a leading UK law firm renowned for its technical excellence and high-quality work in the guarantees and structured finance market. With a collaborative culture and sustainable billing expectations, this role offers competitive remuneration, clear pathways to partnership, and the opportunity to work on complex international mandates alongside top-tier clients. Experience unparalleled career development and mentoring in a dynamic London setting that champions employee growth and fosters long-term professional relationships.

BCL Legal

Contact Details:

BCL Legal Recruitment Team

We think you need these skills to ace Banking and Finance - Principal Associate

Transactional Finance Law
Guarantee and On-Demand Bond Drafting
Facility Agreements
Credit Support Arrangements
Security and Intercreditor Arrangements
Risk Participation Structures
Cross-Border Transactions