At a Glance
- Tasks: Join our Asset Based Lending team, handling complex transactions and mentoring junior members.
- Company: Shoosmiths is a top 50 law firm known for excellent service and innovative thinking.
- Benefits: Enjoy competitive salaries, flexible benefits, and a supportive work environment.
- Why this job: Be part of a dynamic team making an impact in the legal sector with diverse opportunities.
- Qualifications: Experience in banking law and strong negotiation skills are essential.
- Other info: We value diversity and inclusion, fostering a community where everyone can thrive.
The predicted salary is between 43200 - 72000 £ per year.
Shoosmiths is the law firm clients choose for excellent service, incisive thinking and above all for our ability to focus on what matters. From offices across the UK and Brussels, we support some of the world’s most exciting and ambitious businesses; amazing clients making an impact. We empower our people to be their authentic selves and deliver together in supportive teams committed to excellence and innovation. The first top 50 law firm to achieve ‘Platinum Standard’ Investors in People, our values and culture are not just words on our website but are the heartbeat of the firm.
We have an outstanding benefits package to complement our competitive remuneration system. In addition to the competitive salaries, great working environment and high-quality work, we believe that all staff should be rewarded for their commitment to the continued success of the firm through a comprehensive and flexible range of benefits.
The Role
We have a fantastic opportunity for a Senior or Principal Associate to join our market leading Asset Based Lending practice. Recently ranked by Legal 500 nationally as Band 2 (with the regional team ranked in Band 1) the team continues on its upward trajectory acting for an impressively broad range of lender clients and undertaking some of the largest and most complex transactions in the market.
In addition, we have an established banking team nationally which operates as one; therefore, you’ll benefit from taking part in shaping the local team and brand whilst having the structure and support to help you progress in your career. We have a close working relationship with our litigation and restructuring colleagues offering our clients a one-stop shop for all things related to Asset Based Lending. We also work closely with our corporate practice developing asset based lending as a funding option of choice for corporate acquisitions and refinancing, working for a range of borrowers.
The work on offer is varied across the full transaction lifecycle including:
- Drafting and negotiating facility agreements and security documents (both LMA and non-LMA form).
- Negotiating intercreditor arrangements.
- Drafting standard form precedent documentation (which the team has a particular reputation for).
- Working for borrowers and lenders on back-to-back arrangements.
- Supervising junior team members.
- Handling in-life work on a portfolio basis working with lenders on waivers, re-sets, and restatements.
With a consistent volume of transactions, this is an excellent platform to assume matter responsibility and there is ample opportunity to participate in client development initiatives.
Equal Opportunities
Our approach to our people is underpinned by our commitment to diversity, inclusion, and well-being. Our ambition is to build a diverse and ambitious workforce that reflects all backgrounds and talents, and a workplace that is supportive and inclusive, recognizes and nurtures talent, and has a strong sense of community between colleagues. This means that everyone who either applies to or works for the firm is treated equally, whatever their gender, age, ethnic origin, nationality, marital status, disability, sexual orientation, or religious beliefs.
Banking Senior Associate employer: Shoosmiths LLP
Contact Detail:
Shoosmiths LLP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Banking Senior Associate
✨Tip Number 1
Familiarise yourself with the latest trends in Asset Based Lending. Understanding the current market dynamics and key players will not only help you in interviews but also demonstrate your genuine interest in the field.
✨Tip Number 2
Network with professionals in the banking and legal sectors. Attend industry events or webinars to connect with potential colleagues or mentors who can provide insights into Shoosmiths' culture and expectations.
✨Tip Number 3
Prepare to discuss your experience with drafting and negotiating facility agreements. Be ready to share specific examples of your work that highlight your skills and how they align with the responsibilities of the Senior Associate role.
✨Tip Number 4
Showcase your ability to work collaboratively within a team. Since the role involves supervising junior members and working closely with other departments, emphasising your teamwork skills will be crucial during the interview process.
We think you need these skills to ace Banking Senior Associate
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Banking Senior Associate position at Shoosmiths. Make sure you understand the key responsibilities and required skills, as this will help you tailor your application.
Tailor Your CV: Customise your CV to highlight relevant experience in asset-based lending, drafting agreements, and supervising junior team members. Use specific examples that demonstrate your expertise and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that reflects your understanding of Shoosmiths' values and culture. Explain why you are passionate about joining their team and how your background aligns with their commitment to excellence and innovation.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which is crucial in the legal field.
How to prepare for a job interview at Shoosmiths LLP
✨Understand the Firm's Values
Before your interview, take some time to research Shoosmiths' values and culture. They pride themselves on being supportive and inclusive, so be prepared to discuss how your own values align with theirs.
✨Showcase Your Technical Skills
As a Senior Associate in Asset Based Lending, you'll need to demonstrate your expertise in drafting and negotiating facility agreements. Be ready to discuss specific examples from your past experience that highlight your skills in this area.
✨Prepare for Client Development Questions
Since the role involves participating in client development initiatives, think about how you can contribute to this aspect. Prepare examples of how you've successfully built relationships with clients or contributed to business development in previous roles.
✨Highlight Team Collaboration
Shoosmiths emphasises teamwork and collaboration. Be prepared to share experiences where you've worked effectively within a team, especially in high-pressure situations or complex transactions.