At a Glance
- Tasks: Draft and negotiate tech and outsourcing agreements while advising on legal matters.
- Company: Join a Tier 1 bank with a focus on innovation and technology.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborate with senior stakeholders and enhance your legal skills in a fast-paced setting.
- Why this job: Make a real impact by supporting cutting-edge projects in the tech space.
- Qualifications: 5+ years PQE with expertise in outsourcing and digital contract law.
The predicted salary is between 43200 - 72000 £ per year.
The Legal Counsel role sits within the wider Digital, Technology & Operations Legal team, which advises on Digital, Technology, Operations, Infrastructure, Payments, Data Privacy and Intellectual Property within a Tier 1 bank
In this high-profile role, you’ll be drafting, negotiating and advising on outsourcing (including material outsourcing) agreements as well as assisting on other technology and digital contracts, including cloud agreements, software licenses, services agreements and intra-group arrangements (this includes advising on the regulatory regimes that apply to such transactions).
If you’ve performed a similar role previously, this could be a great opportunity to develop your career.
The difference you’ll make:
- Providing strategic advice to the relevant business teams to support with structuring and implementing innovation and technology projects (including the development of customer facing apps, AI and payment functionality)
- Working closely with senior stakeholders in the Bank to deliver expert, accurate, concise, commercial and cost-effective legal advice that is readily understandable to non-lawyers
- Demonstrating creativity and innovation in reaching practical solutions on complex subject matters and be comfortable challenging when appropriate to ensure compliance with all relevant legal and regulatory requirements
- Sharing technical skills, experience and best practice with colleagues and the wider business and support other departments through training and the development of legal templates and checklists
- Keeping abreast of external developments in the law and financial services industry to enable the bank to react appropriately and in line with best practice, continuously seeking to improve processes, practices and policies
- Answering legal queries from internal customers as well as managing external suppliers/ stakeholders to successfully deliver advice, projects and other outcomes on a timely basis
What you’ll bring:
These are the essential requirements you need to be successful in this role:
- 5+ years PQE
- Experience providing legal advice that is readily understandable to non-lawyers
- Excellent knowledge and experience of outsourcing, digital, technology and commercial contract law
- IDEALLY knowledge of the regulatory regime impacting outsourcing in financial services, for example the Prudential Regulation Authority’s (PRA) Supervisory Statement on Outsourcing and Third Party Risk Management (SS2/21)
- Ability to manage and influence stakeholders
It would also be nice for you to have:
- Experience dealing with a large volume of matters and competing demands
- Excellent project management skills, with an ability to manage multiple, conflicting interests and deadline
If this role is of interest and you\'d like more info, please apply or drop me a message for more info.
Legal Counsel - Tech / Outsourcing Law in Edinburgh employer: Lorien
As a Legal Counsel within our Tier 1 bank, you will thrive in a dynamic and innovative environment that champions professional growth and collaboration. Our inclusive work culture fosters creativity and encourages you to share your expertise while working closely with senior stakeholders on cutting-edge technology projects. With a commitment to employee development and a focus on maintaining the highest legal standards, we offer a rewarding career path where your contributions directly impact the future of banking.
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel - Tech / Outsourcing Law in Edinburgh
✨Get Involved in Law Societies
Join local law societies and attend their events – they're often a goldmine for networking and job opportunities in the legal field. Plus, it’s a great way to meet other budding lawyers and experienced solicitors who could provide vital insights and connections.
✨Tap into Online Legal Communities
Don’t underestimate the power of online platforms like LinkedIn and specific legal forums. Get active in discussions or share your thoughts on recent legal developments – this not only builds your visibility but also showcases your passion and knowledge in law.
✨Attend Career Fairs and Workshops
Look out for career fairs and workshops specifically focused on law. Many law firms, including Lorien, will be scouting for fresh talent, so bring your A-game and don’t shy away from making a memorable impression.
✨Leverage Your University’s Career Services
If you’re still in university or have recently graduated, latch onto your career services! They often have connections with law firms looking for graduates and can guide you through the application process tailored for the legal sector.
We think you need these skills to ace Legal Counsel - Tech / Outsourcing Law in Edinburgh
Some tips for your application 🫡
Highlight Your Legal Knowledge:When applying for a full-time role in legal services at Lorien, make sure to demonstrate your understanding of key legal principles and areas of law relevant to the position. Include any specific coursework, modules, or certifications, like LPC or BPTC qualifications, that showcase your legal expertise directly on your CV.
Showcase Your Research Skills:In the legal field, strong research skills are crucial. Use your application to illustrate how you've utilised these skills in past studies or work experiences – whether that's through past internships or significant projects. Mention any legal databases or tools you’re proficient in, as this can give you an edge.
Tailor That Cover Letter!:Your cover letter is your chance to shine! Make it personal by expressing your genuine interest in Lorien and the specific role of Legal Counsel - Tech / Outsourcing Law. Talk about why you want to be part of their team, how your unique experiences align with their values, and why you’re passionate about the legal sector.
Stay Formal but Friendly:While we all know the legal world can be pretty formal, don’t be afraid to let a bit of personality shine through in your written application. Use a respectful tone, but feel free to inject a little warmth; this approach can help you stand out and show you're a great fit for Lorien’s culture!
How to prepare for a job interview at Lorien
✨Know Your Legal Principles
Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
✨Be Ready for Case Studies
Full-time legal roles often involve case studies during interviews. Prepare to analyse a hypothetical case and discuss your approach to it. Practising this with a peer or mentor can help us refine our reasoning and articulate a solid legal argument.
✨Show Off Your Research Skills
As legal professionals, strong research skills are a must. Have examples ready of how you've effectively used legal databases or conducted thorough legal research in your past experiences. It's a great way to demonstrate your readiness for the role at Lorien.
✨Exude Professionalism and Confidence
In the legal field, professionalism is key. During the interview, we should maintain good eye contact and communicate clearly to show that we’re not just knowledgeable, but also confident. This can make a positive impression on your potential colleagues at Lorien.
