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- Tasks: Join the Commercial Legal team to draft and negotiate key agreements for Formula 1.
- Company: Be part of the iconic Formula 1, a leader in motorsport and entertainment.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Work on exciting projects that shape the future of Formula 1 and its partnerships.
- Qualifications: 1-2 years post qualification experience in commercial law, ideally from a leading law firm.
- Other info: Ideal for those who thrive under pressure and are eager to learn about the F1 business.
The predicted salary is between 28800 - 43200 £ per year.
A brand-new position has arisen for a highly motivated commercial lawyer with ideally 1 to 2 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 Lead Counsels, 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
Familiarise yourself with the specific types of agreements that Formula 1 engages in, such as sponsorship and media rights agreements. Understanding these contracts will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the sports law sector, particularly those who have experience with media licensing or sponsorship agreements. This can provide you with valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Stay updated on current trends and legal developments in the sports industry, especially those related to digital media and data protection. Being knowledgeable about these topics will allow you to engage in meaningful discussions during interviews.
✨Tip Number 4
Prepare to showcase your ability to manage multiple workstreams by discussing past experiences where you successfully juggled various projects. Highlighting your organisational skills will resonate well with the fast-paced environment at Formula 1.
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 any work related to media licensing, sponsorship agreements, and data protection. Use specific examples to demonstrate your skills and achievements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention your understanding of Formula 1's business model and how your background aligns with their needs. Be sure to express your eagerness to contribute to the Commercial Legal team.
Highlight Relevant Experience: In your application, emphasise your post-qualification experience and any specific projects or cases you've worked on that relate to the responsibilities outlined in the job description. This could include drafting and negotiating contracts or providing legal advice in a fast-paced environment.
Showcase Communication Skills: Since the role requires excellent communication skills, provide examples of how you've effectively communicated complex legal concepts to non-legal stakeholders. This could be through presentations, training sessions, or written reports.
How to prepare for a job interview at Formula 1
✨Know Your Contracts
Familiarise yourself with different types of commercial contracts, especially those related to sponsorship and media rights. Be prepared to discuss your experience in drafting and negotiating these agreements, as well as any challenges you've faced.
✨Understand the Business
Take time to learn about Formula 1's business model and revenue streams. Showing that you understand how the legal work supports the commercial side will impress your interviewers and demonstrate your commitment to the role.
✨Communicate Clearly
Practice explaining complex legal concepts in simple terms. Since you'll be working with non-legal stakeholders, being able to communicate effectively is crucial. Prepare examples of how you've done this in the past.
✨Show Your Team Spirit
Emphasise your ability to work collaboratively within a team. Share experiences where you've successfully built relationships with colleagues or clients, highlighting your understanding of the importance of teamwork in achieving common goals.
