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For Companies At a Glance
- Tasks: Review and negotiate legal agreements while advising on strategic projects.
- Company: Join a collaborative and innovative insurance company that inspires progress.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Be a trusted legal advisor and make a real impact in the insurance industry.
- Qualifications: Qualified solicitor with 2-5 years of experience in insurance law.
- Other info: Dynamic role with a focus on AI and process improvement.
The predicted salary is between 36000 - 60000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibilityâ„ .
Role Summary and Purpose
We are seeking a detail-oriented, pragmatic and collaborative Legal Counsel to serve as a trusted legal advisor to Arch Insurance International. This role covers our operations across the UK, Europe (including France, Spain, the Netherlands, and Italy), Bermuda, and Australia. The role is broad and dynamic, evolving with the needs of the business, and includes:
- Reviewing and negotiating a wide range of corporate, insurance and commercial contracts
- Providing legal advice and support on strategic transactions and projects
- Assisting with coverage issues, drafting avoidances, litigation and disputes
The ideal candidate will have a strong insurance background (non-contentious or contentious) with a good understanding of the insurance market and Lloyd’s. We are looking for an individual with a keen interest in the utilisation of AI to streamline the provision of legal services.
Key Tasks and Responsibilities
- Review, advise on, draft, and negotiate a wide variety of legal agreements, including broker remuneration/distribution agreements, TOBAs, binding authority agreements, third-party administrator (TPA) agreements, consortium agreements, and supplier/vendor contracts
- Advise on policy interpretation and coverage issues; draft policy declinatures and avoidances
- Provide legal support on advisory matters, corporate initiatives (experience with Lloyd’s Coming into Line (CIL) process advantageous but not essential), M&A transactions and litigation
- Pre-emptively manage and mitigate legal risks throughout the business and keep up to date with legal developments that directly affect our operations
- Log risk events in accordance with internal policies
- Identify and implement process improvements, including with the use of AI and other technologies
- Review and update legal policies and procedures, and provide training to the business
- Assist with ad-hoc queries and requests for information from the business
- Draft departmental communications
- Contribute to the Legal department's knowledge base by updating precedents, forms, and process documentation
- Monitor deadlines and key dates for legal matters, ensuring timely follow-up and completion of tasks
- Collaborate with legal counterparts in other jurisdictions
Role Requirements & Skills
Skills / Competencies
- Exceptional attention to detail and organisational skills; adept at managing multiple tasks and deadlines simultaneously
- Highly effective at prioritising workload, multi-tasking, and thriving in a dynamic, fast-paced environment
- Ability to work collaboratively and build strong professional relationships
- Exceptional analytical, communication and negotiation skills, including ability to communicate complex legal issues and risks in a simple manner to non-legal colleagues
- Proactive, pragmatic approach to problem-solving and process improvement
- Technologically savvy with an interest in AI and its application in legal services
- Exemplary personal and professional integrity; able to exercise discretion and maintain confidentiality
- Flexible, adaptive, innovative, willing to learn
Qualifications
- Qualified solicitor with 2 to 5 years PQE
Experience
- Private practice and/or in-house legal experience with a strong understanding of the insurance market and Lloyd’s
Legal Counsel in London employer: Mcneil & Co.
Contact Detail:
Mcneil & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal field, especially those with experience in insurance. Attend industry events or webinars to meet potential employers and get your name out there.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the insurance market and Lloyd’s. Be ready to discuss how you can leverage AI in legal services, as this is a hot topic right now!
✨Tip Number 3
Showcase your collaborative spirit! During interviews, highlight examples of how you've worked effectively in teams. This role values collaboration, so make sure they see you as a team player.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Legal Counsel in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in insurance law and any relevant projects. We want to see how your skills align with our needs, so don’t hold back on showcasing your expertise!
Showcase Your Collaborative Spirit: Since we value collaboration, share examples of how you've worked effectively in teams. Whether it’s negotiating contracts or advising on legal matters, let us know how you’ve built strong professional relationships.
Demonstrate Your Attention to Detail: As a detail-oriented role, it’s crucial to show us your meticulous side. Double-check your application for typos and ensure that all information is accurate. A polished application reflects your professionalism!
Express Your Interest in AI: We’re keen on candidates who are excited about using AI in legal services. Mention any relevant experience or interest you have in technology and how it can improve legal processes. This will definitely catch our eye!
How to prepare for a job interview at Mcneil & Co.
✨Know Your Legal Stuff
Make sure you brush up on your knowledge of corporate, insurance, and commercial contracts. Be ready to discuss specific examples from your past experience that demonstrate your understanding of the insurance market and how you've navigated legal challenges.
✨Show Off Your Collaboration Skills
Since the company values collaboration, think of instances where you've worked effectively with others. Prepare to share stories that highlight your ability to build strong professional relationships and work as part of a team.
✨Be Tech-Savvy
With an emphasis on AI in legal services, be prepared to discuss how you've used technology to improve processes in your previous roles. Share any experiences where you've implemented tech solutions or streamlined legal workflows.
✨Stay Current on Legal Trends
Keep yourself updated on recent legal developments that could impact the insurance industry. Bring up any relevant news or changes in legislation during the interview to show your proactive approach and genuine interest in the field.
