Senior / Principal Associate - Restructuring and Insolvency

We have a great opportunity for a Senior / Principal Associate to join our non-contentious Restructuring and Insolvency team based in London.

About you

• Qualified solicitor with Restructuring and Insolvency experience.
• Experienced in acting for creditors, lenders, insolvency practitioners and companies on the full range of insolvency, rescue and restructuring matters.
• Report directly to the Restructuring partners across London and Birmingham and be a key member within this close-knit team which advises various stakeholders on all types of debt restructuring and enforcement, including contingency planning and security-related issues.
• Good experience of working with lenders and insolvency practitioners on non-contentious insolvency matters such as administrations, liquidations, other insolvency processes, pre-pack insolvencies and advising on the review of security and debt advisory work.
• Technical knowledge of insolvency is required with a toolkit knowledge of insolvency and distressed banking work (advising on and drafting standstill agreements, reservations of rights, waivers and defaults) helpful.
• Good technical knowledge and an understanding of current legal principles and technical knowledge in recovery/restructuring, security issues and insolvency processes; exposure to insolvency transactions and advisory work and client communication in this field is expected.
• A commitment to business development within the restructuring and insolvency community; established connections in the market would be an advantage.

Key responsibilities

• Administration and receivership appointments.
• Advice to directors on their duties in distressed circumstances.
• Asset disposals by administrators/liquidators including pre-packaged solutions.
• Advising on the validity of secured lender's security.
• Experience of some restructuring work.
• Providing refinancing and fundraising advice.
• Advising banks and other financial institutions on their enforcement strategy including insolvency options.
• Knowledge of anti-avoidance issues such as preference and transactions at undervalue.
• Knowledge of general banking matters (facility agreements, intercreditor agreements and deeds of priority and security documents).
• Any other reasonable duties delegated by any Partner, Senior Manager or Group Support Manager of the firm.

What we can offer you

• The opportunity to work for a firm that has been recognised as one of best places to work in the UK and has been ranked by Great Place to Work™ for 26 consecutive years.
• Excellent benefits, including:

• A hybrid approach to office and remote working.
• 25 days annual leave, with the option to buy up to a week's extra annual leave.
• Private medical insurance, with the option to add family members.
• A generous pension allowance.
• Life assurance covering four times your annual salary.
• Maternity, paternity and adoption leave schemes.
• A range of health and wellbeing programmes.
• State of the art offices by London Bridge station, with an onsite restaurant.
• Opportunities to flourish in your role through training and personal development.

Equal Opportunities

Gowling WLG is committed to promoting equality and diversity in the firm and to Equal Opportunities in employment. The firm believes in equality of opportunity regardless of race or racial group (including colour, nationality, ethnicity, national origins), religion or belief, age, disability, sexual orientation, sex, gender re-assignment and gender identity, marriage and civil partnership, and pregnancy, maternity and paternity. This also includes any incidents of perceived or associative discrimination and harassment. At Gowling WLG we seek to attract and retain talented people from a diverse range of backgrounds and cultures, to create an exciting and rewarding place to work. Our aim is to fulfil everyone's potential and together achieve personal and business goals.