Legal Counsel

Legal & General; Greater London; On-site; GBP 60,000 - 80,000; Full time

Benefits offered by this job

Performance-related bonus plan

Generous pension contribution

Life assurance

Healthcare plan for permanent employees

At least 25 days holiday

Electric car scheme

Job summary

A prominent financial services company in the UK is seeking a Legal Counsel to join their Private Markets Funds legal team. This role focuses on delivering legal support across the full lifecycle of private markets funds, managing relationships with external counsel, and advising on regulatory and governance matters. Candidates should be qualified solicitors or barristers with relevant experience in funds law and exceptional stakeholder management skills. The role offers opportunities for professional growth in a collaborative environment.

Qualifications

• Experience negotiating agreements with fund service providers.
• Familiarity with AIFM regulation and Luxembourg fund structures.
• Ability to work autonomously and manage multiple priorities.

Responsibilities

• Deliver legal support across the lifecycle of AIFs and joint ventures.
• Draft and negotiate fund documentation, working with stakeholders.
• Monitor legal developments and advise on governance matters.

Skills

Experience in private markets funds law

Strong academic background

Excellent stakeholder management skills

Proactive and organised

Strong communication skills

Education

Qualified Solicitor or Barrister

Job description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Who we are

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Who we are

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

Job Description

We’re looking for a Legal Counsel to join our Private Markets Funds legal team, supporting the growth and diversification of our Luxembourg‑domiciled private markets fund range. As part of a collaborative and high‑impact legal function, you’ll help deliver legal, regulatory and governance support across a broad spectrum of private markets products, working closely with senior stakeholders across the business. This is an excellent opportunity to develop deep expertise in a fast‑growing area while contributing to strategic initiatives across the organisation.

What you’ll be doing:

• Delivering legal support across the full lifecycle of AIFs, unregulated collective investment schemes, joint ventures and partnership structures
• Assisting with launching new funds and new fund umbrellas across private markets infrastructure, private credit and venture capital asset classes
• Drafting, negotiating and updating fund documentation, and engaging with fund service providers
• Monitoring legal and regulatory developments and shaping strategic responses for the business
• Managing relationships with external counsel and overseeing aspects of the legal budget
• Providing legal risk assessments and advising internal teams and fund boards on effective mitigation strategies
• Supporting regulatory change projects and advising on relevant governance requirements
• Providing governance support and advising boards on governance matters
  
  

Qualifications

Who we’re looking for:

• A qualified Solicitor or Barrister with a current practising certificate
• Experience in private markets funds law and regulation within asset management or financial services
• Familiarity with AIFM regulation, Luxembourg fund structures and associated governance
• Experience negotiating agreements with fund service providers (e.g., Administration, Depositary, AIFM, IM)
• Strong academic background and the ability to communicate clearly and confidently
• Excellent stakeholder management skills and comfort engaging with individuals at all levels
• A proactive, organised individual able to work autonomously and manage multiple priorities
• A commercially aware, solution‑focused team player with a positive, collaborative approach

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
  
  

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.