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- Tasks: Join our legal teams to draft and negotiate key agreements for Formula 1's commercial and motorsport operations.
- Company: Formula 1 is a global leader in motorsport, known for its thrilling races and innovative partnerships.
- Benefits: Enjoy a dynamic work environment, opportunities for growth, and the chance to work with top-tier professionals.
- Why this job: Be part of an exciting industry, work on high-profile contracts, and contribute to the future of motorsport.
- Qualifications: 1.5 to 3 years post-qualification experience in commercial law, preferably from a leading law firm.
- Other info: Candidates can expect a response within two weeks and a no-obligation call to discuss the role.
The predicted salary is between 43200 - 72000 £ per year.
A brand-new position has arisen for a highly motivated commercial lawyer with ideally 1 to 3 years post qualification experience to join the Commercial Legal team.
Commercial Legal Team
Formula 1’s Commercial Legal Team is responsible for the legal work associated with supporting Formula 1’s revenue generating agreements with broadcasters, sponsors and licensees (including experiential and gaming partners), its marketing activities, operation of streaming platform F1 TV and agreements with key service providers.
You will join a team of seven lawyers and two paralegals, overseen by the Chief Counsel, Commercial, and will report into one of the senior lawyers within the team.
What you can expect to work on:
As a lawyer in the Commercial Legal team, you will be responsible for drafting and negotiating:
- sponsorship agreements with existing and prospective partners of Formula 1;
- media rights agreements, in particular those relating to Formula 1, as well as those relating to Formula 1’s various support series including F2, F3 and F1 Academy;
- digital media rights agreements relating to the distribution of Formula 1’s OTT service, F1 TV, including distribution agreements and syndication agreements;
- licence agreements with (i) game developers in relation to interactive games; (ii) licensees in relation to F1-themed experiential licensing projects;
- complex services agreements, such as those relating to website development or those relating to broadcast delivery.
The role will also support on the following workstreams:
- ad hoc advice and agreements supporting the Marketing, Advertising Sales and Digital teams;
- 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 as well as data processing addendums;
- supporting relevant internal stakeholders in providing data protection advice;
- responding to day-to-day enquiries from internal clients and external counterparties and providing commercially-minded legal advice;
- supporting commercial teams in their management of the above contracts (including acting as the Legal team point of contact on the matters you are working on);
- preparing know how/research notes on relevant legal/contractual issues and running department-wide training sessions to share know-how; and
- updating template documents and “playbooks” that aim to make workstreams more efficient.
Candidates for the role will be able to demonstrate the following experience:
- have trained and qualified as a lawyer at a leading law firm (e.g. City, US or West End law firm) and benefited from a high-quality training and supervision;
- following qualification, have worked as a junior lawyer within a leading law firm or as part of an in-house legal team;
- experience of working across a variety of commercial contracts, intellectual property and data protection workstreams and solid experience of legal drafting;
- helpful if you’re able to demonstrate experience of working across media licensing and/or sponsorship agreements; and
- able to demonstrate experience of negotiating and an able to appreciate which points are likely to be negotiation points in the context of different agreements; and
- strong knowledge and understanding of English law.
We would like to meet candidates for the role who:
- thrive in a fast-paced environment, are agile, and 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 internal clients, peers and external partners;
- are enthusiastic, have a can-do attitude and a willingness to expand their skillset;
- take responsibility for their own workstreams and are solution-orientated problem-solvers; and
- are prepared to invest in learning about the business of Formula 1 (recognising it will take time for new recruits to fully understand Formula 1’s various revenue streams and how Formula 1 contracts with its various partners).
Legal Counsel employer: Formula 1
Contact Detail:
Formula 1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel
✨Tip Number 1
Familiarize yourself with the specific legal frameworks and regulations related to commercial agreements in the sports industry, particularly in motorsport. Understanding the nuances of media rights and sponsorship agreements will give you a competitive edge.
✨Tip Number 2
Network with professionals in the motorsport and legal sectors. Attend industry events or webinars where you can meet people who work in similar roles. Building relationships can often lead to job opportunities that aren't publicly advertised.
✨Tip Number 3
Stay updated on current trends and changes in the legal landscape affecting Formula 1 and other motorsport events. This knowledge will not only help you in interviews but also demonstrate your genuine interest in the field.
✨Tip Number 4
Prepare to discuss specific examples from your previous experience that showcase your ability to handle complex negotiations and drafting. Highlight any relevant projects that align with the responsibilities outlined in the job description.
We think you need these skills to ace Legal Counsel
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial law, particularly focusing on any work with sponsorship agreements, media rights, and intellectual property. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your motivation for applying to the role at Formula 1. Mention your understanding of the fast-paced environment and how your previous experiences have prepared you for the challenges of this position.
Showcase Your Communication Skills: In your application, emphasize your ability to communicate complex legal concepts to non-legal stakeholders. Provide examples of how you've successfully done this in past roles.
Highlight Teamwork and Relationship Building: Demonstrate your ability to work collaboratively within a team and build relationships with internal clients and external partners. Share specific instances where you contributed to a team project or resolved conflicts effectively.
How to prepare for a job interview at Formula 1
✨Understand the Role and Teams
Make sure you have a clear understanding of the specific responsibilities of both the Commercial Legal team and the Motorsport Legal team. Familiarize yourself with the types of agreements you'll be working on, such as sponsorship and media rights agreements, to demonstrate your knowledge during the interview.
✨Showcase Your Experience
Be prepared to discuss your previous experience in drafting and negotiating commercial contracts, especially in relation to media licensing and sponsorship agreements. Highlight any relevant projects or cases you've worked on that align with the job description.
✨Demonstrate Communication Skills
Since the role requires effective communication with non-legal stakeholders, practice explaining complex legal concepts in simple terms. This will show your ability to bridge the gap between legal jargon and practical business needs.
✨Exhibit a Can-Do Attitude
Express your enthusiasm for the role and your willingness to learn about the business of Formula 1. Share examples of how you've taken initiative in past roles and how you approach problem-solving in a fast-paced environment.
