Banking Senior Associate

Shoosmiths LLP; Leeds; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior or Principal Associate to join their renowned Asset Based Lending practice. This role offers the chance to work on complex transactions for a diverse range of lender clients, providing a unique opportunity to shape the local team while benefiting from a supportive national structure. The firm prides itself on its commitment to diversity and inclusion, fostering an environment where every employee can thrive. Join a team that values excellence and innovation, and take your career to the next level with a firm that truly invests in its people.

Benefits

Competitive Salary

Flexible Benefits Package

Supportive Working Environment

Career Progression Opportunities

Qualifications

• Experience in Asset Based Lending and complex transactions is essential.
• Strong drafting skills for facility agreements and security documents.

Responsibilities

• Draft and negotiate facility agreements and security documents.
• Supervise junior team members and manage client relationships.

Skills

Asset Based Lending

Drafting and Negotiating Facility Agreements

Intercreditor Arrangements

Supervising Junior Team Members

Client Development Initiatives

Education

Law Degree

Qualified Solicitor

Job description

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:

1. Drafting and negotiating facility agreements and security documents (both LMA and non-LMA form).
2. Negotiating intercreditor arrangements.
3. Drafting standard form precedent documentation (which the team has a particular reputation for).
4. Working for borrowers and lenders on back-to-back arrangements.
5. Supervising junior team members.
6. 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.