Ashurst

A leading international law firm with world class capability

With our technical expertise, local knowledge and international network, we deliver an experience for our clients that other professional service providers find hard to match. And we are committed to being a sustainable global law firm, having positive impacts for our clients, employees, profession, the environment and the communities in which we are based.

Ashurst London, United Kingdom
Jan 22, 2018
Full time
About Ashurst Ashurst is a leading global law firm with a history spanning almost 200 years, and clear strategy for our future growth. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments in all areas of commercial law. In order to comply with regulatory and client requirements, Ashurst will undertake appropriate vetting of staff. When applicants accept a job offer, Ashurst, alongside a specialist provider, will undertake professional verification and background checks.  These checks are only undertaken with consent, and in accordance with our legal and regulatory obligations. Team overview: Ashurst's banking practice is recognised by its clients to be one of the most innovative and solution orientated legal practices in the City today. As the challenges to our clients have increased over the last few years we have stayed true to our core offering of legal technical excellence wrapped in commercial awareness. This has enabled Ashurst to continue to fulfil the role of being a Trusted Advisor to our clients and strengthened our close relationships. The practice continues to go from strength to strength and currently has 17 partners and 48 other fee earners.   Job overview: We are currently looking for a mid- to senior level qualified Banking lawyer with significant general banking experience to join our team in the London office. Ashurst's Banking practice offers specialist advice on: buy-outs and other acquisition finance transactions; real estate finance; infrastructure financings; investment fund and warehousing financings; restructuring and refinancings; asset backed lending; strategic and impaired value debt purchases, including loan portfolio sales; secured and unsecured lending transactions; and treasury products generally.   You can expect to have exposure to a wide range of high quality transactions.             Main tasks and qualities   You would typically act on all elements of a financing from term sheet stage, through to closing and post-closing.  Your specific areas of responsibility will be to draft and negotiate term sheets, security documents, intercreditor agreements and facilities agreements, supervising and leading a team of junior lawyers and ensuring a smooth process to transaction close. Ultimately you will progress to running transactions and managing junior associates with limited partner supervision.   You will be expected to have client relationships and a desire to build on these and develop your own client network with support and guidance from the partners and wider team.   You would also be expected to manage projects that have been assigned to you, and liaise closely with colleagues, clients, counterparties and other advisers.  You would be working as part of a committed and inspired friendly team that enjoys its work and considers itself a leader in its field of practice.  All members of the team have frequent client contact and must be willing to travel.   Typical responsibilities include: Drafting of legal documents and agreements; Reviewing acquisition and equity documents; Contributing to department know-how and developing precedent documents; Advising clients; Negotiating with counterparts and leading calls; and Providing structured supervision and on-the-job training to juniors.   In addition to strong technical skills, you should be able to demonstrate an enthusiasm for business development and strong interpersonal skills as there will be significant client contact, in both the work and business development context Essential skills and experience: Qualified junior to mid-level Banking lawyer with experience from a major law firm Strong general banking experience and in particular leveraged acquisition finance Experience of drafting, reviewing and negotiating legal documents and agreements in a private practice environment An adaptable person who is a fast learner, with experience practising in multiple jurisdictions. A team-player who can work effectively with colleagues at all levels Client facing experience and the ability to understand and respond effectively to client needs Experience of negotiating with counterparts. A commercial approach   Recent Work: PRET A MANGER - advised a syndicate of senior lenders, including Rabobank, Goldman PIA, Bank of Ireland, BNP Paribas, HSBC, ING, RBS and Societe Generale, on the increase of senior debt facilities made available to the Pret a Manger group to circa £570 million VERWATER - advised CVC Credit Partners in relation to the acquisition by Bregal Freshstream of Verwater, a global industrial and petrochemical contractor THE FOUNDRY - acted for Crescent Capital as exclusive lender of subordinated debt facilities supporting the acquisition by HgCapital of The Foundry, an Oscar-winning provider of creative software for the visual special effects industry. DAVIES INSURANCE - advising ICG as arranger on the provision of a unitranche facility to HGGC to refinance its acquisition of Davies Insurance FORMULA ONE - acting for Bank of America Merrill Lynch as sole arranger and coordinator of the $4bn recapitalisation of Formula One RPC GROUP - acted for RPC Group plc in connection with its £770m revolving credit facility which was used to part-finance the consideration for the UK public takeover of British Polythene Industries plc Career advancement:
Ashurst London, United Kingdom
Jan 22, 2018
Full time
About Ashurst Ashurst is a leading global law firm with a history spanning almost 200 years, and clear strategy for our future growth. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments in all areas of commercial law. To find out more please visit here . In order to comply with regulatory and client requirements, Ashurst will undertake appropriate vetting of staff. When applicants accept a job offer, Ashurst, alongside a specialist provider, will undertake professional verification and background checks.  These checks are only undertaken with consent, and in accordance with our legal and regulatory obligations. Team overview: Ashurst's real estate finance practice is recognised by its clients to be one of the most innovative and solution orientated legal practices in the City today. The team sits within the wider banking and finance practices and there is a large amount of cross fertilisation. As the challenges to our clients have increased over the last few years we have stayed true to our core offering of legal technical excellence wrapped in commercial awareness. This has enabled Ashurst to continue to fulfil the role of being a trusted advisor to our clients and strengthened our close relationships. Practice Area Ashurst's real estate finance team is a leader in the UK and across Europe, reflected by the fact that we are ranked number one in Legal 500 and number two in Chambers UK. Our focus is on innovative and complex transactions where our technical and market knowledge and experience can be combined in ways which enable us to find flexible solutions for and maximise the value we bring to our clients. The wider banking practice includes a significant presence in the areas of leveraged and acquisition finance bank advisory work/strategic projects, debt trading/portfolio sales, financial institutions (including lending to funds), financial restructurings, infrastructure finance, high yield bonds and investment grade/corporate lending as well as real estate finance. Job overview: We are currently looking for a mid to senior level real estate finance lawyer to join our team in the London office. They should be senior associate or at least approaching this level. You can expect to have exposure to a wide range of high quality banking transactions but with a focus on real estate finance. Main tasks and qualities You would typically act on all elements of a financing from term sheet stage, through to closing and post-closing.  Your specific areas of responsibility would be to draft and review term sheets, draft and negotiate facility agreements and intercreditor agreements, draft and negotiate security documents and supervise overseas counsel to draft and negotiate local law security documents, take full responsibility for managing more junior associates in respect of conditions precedent and ensuring a smooth process to transaction close. You would also be expected to manage projects that have been assigned to you (including drafting and negotiating supplemental finance documents such as waiver letters, accession agreements and more complex amendments and restatements) and to liaise closely with colleagues, clients, counterparties and other advisers.  You would be working as part of a committed and friendly team that enjoys its work and considers itself a leader in its field of practice.  All members of the team have frequent client contact and must be willing to travel. Typical responsibilities include: Drafting of legal documents and agreements; Reviewing acquisition and equity documents; Contributing to department know-how; Advising clients and preparing formal legal opinions; Negotiating with counterparts; Matter completion and post-closing work (including security perfection); Providing structured supervision and on-the-job training to juniors. In addition to strong technical skills, you should be able to demonstrate an enthusiasm for business development and strong interpersonal skills as there will be significant client contact, in both the work and business development context. Essential skills and experience: We are keen to see a track record of repeat work for clients as well as skills in building relationships and ambitions to build, or continue to build, a personal profile in the real estate finance market. Qualified mid to senior level lawyer with significant post-qualification experience in real estate finance at a major law firm Experience of real estate finance (development, acquisition, refinancing and restructuring) Exposure to real estate, construction and planning law Experience of drafting, reviewing and negotiating legal documents and agreements in a private practice environment An adaptable person who is a fast learner, with experience operating in multiple jurisdictions. A team-player who can work effectively with colleagues at all levels Client facing experience and the ability to understand and respond effectively to client needs A commercial approach Attention to detail Recent Deals Acting for a club of five banks (Deutsche Pfandbriefbank and Santander with Crédit Agricole, the Royal Bank of Scotland and Deutsche Hypothekenbank in respect of a £425m loan to Value Retail for the refinancing of Bicester Village in Oxfordshire Acting for AIMCo in relation to the financing of the £350m acquisition and high profile development of Phase 1, BBC Television Centre into a mixed used property including residential, commercial, television studios, offices, leisure and retail Acting for Oxford Properties and Brockton Capital on the £230m development financing of The Post Building, New Oxford Street, London Acting for Oaktree and Sabal in connection with the refinancing of the "Gaudi" Portfolio of loan assets, secured over Spanish and Portuguese real estate assets and originally purchased from FMS for c. €410m Acting for private equity fund Kildare Partners on its €190,000,000 bridge and subsequent €422,672,016 term refinancing arrangements with Nomura to fund the acquisition of GE Capital Real Estate's German commercial real estate business Representative clients: Financial institutions: Deutsche Pfandbriefbank, Crédit Agricole, Deutsche Bank, Santander, Lloyds Banking Group, RBS, Nomura, Credit Suisse, Aviva, M&G Investments, Barings and AIMCo. Private Equity houses: Apollo, Blackstone, Oaktree, Davidson Kempner, King Street, EQT, Kildare, Cheyne Capital and Cerberus Corporates: Berkeley Homes, Oxford Properties, Samsung and PATRIZIA. Career advancement: An established Associate Career Path Framework is in place clearly defining expectations and outlining opportunities for promotion. Secondment opportunities: Opportunities often arise for associates to spend time on secondment in house with key clients of the firm. From time to time, secondment opportunities also come up within other Ashurst offices in Europe, North America, Asia and Australia.     Partner Profiles:   Sarah Watkinson Sarah Watkinson is a real estate finance partner in the finance department in London. She specialises in real estate investment, development and structured finance. Prior to joining Ashurst, Sarah worked for Slaughter and May, Clifford Chance and Cadwalader. Sarah has considerable expertise acting for major US, UK and European banks, originating syndicated and securitisable senior and mezzanine debt secured over portfolios of UK and European property. She also represents equity investors, corporates, funds and developers, raising debt financing in the UK and Europe and is experienced in joint venture, fund and limited partnership structures, tax saving schemes, "Opco/Propco" take-outs, development funding and all types of property investment transactions. More recently, she has been involved in the restructuring of UK and European loans either for existing borrowers and banks or for potential purchasers. Sarah Watkinson acts for a range of developers, equity investors and corporates. She is highly regarded among her peers and clients say that "she's very commercial and good under pressure. " Chambers UK 2017 Ruth Harris Ruth is a partner in the Banking group at Ashurst LLP, London office and has a keen interest in real estate investment, development and structured finance across a wide range of asset classes including: offices, retail, residential, leisure, and industrial properties. Ruth has considerable expertise acting for both banks and equity investors, corporates and funds, on originations and alternative syndication strategies, including multi-layered intercreditor arrangements. She has experience  in advising fixed charge receivers and lenders in relation to work out strategies, restructuring and enforcement processes, and also advising owners of and investors in distressed real estate debt and assets. Ruth Harris is widely respected in her field and is described as "brilliant" by commentators. She has an impressive structured lending and development finance practice and often advises major banks, investors and hotel groups. One source states: "She is excellent at combining commercial nous with technical knowledge, and finds the time to be thoughtful as well as cheerful!" Chambers UK 2017 Jessica Jenner Jessica is a partner in the banking group specialising in all aspects of real estate finance.  Jessica has experience in acting for banks, borrowers and private equity investors on property investment transactions, fund and limited partnership structures, development finance and real estate restructurings. Jessica has considerable expertise acting for major UK and European banks including The Royal Bank of Scotland plc, Bank of Scotland plc, Barclays Capital, Deutsche Bank AG, London Branch, Deutsche Pfandbriefbank, originating syndicated debt over secured portfolios of UK and European property.  Jessica also acts for borrowers and equity investors including Oxford Properties Group, GE, Treasury Holdings, The Berkeley Group and Mitsui. Jessica Jenner is often called upon to assist property funds and alternative lenders. Her practice also sees her advising major banks and acting for sponsors on financing arrangements. Chambers UK 2017  
Ashurst London, United Kingdom
Nov 15, 2017
Full time
Expertise Lawyer – Competition (PSL) Ashurst's Competition team July 2017 About Ashurst Ashurst is a leading global law firm with a history spanning almost 200 years, and clear strategy for our future growth. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments in all areas of commercial law. To find out more please visit here . In order to comply with regulatory and client requirements, Ashurst will undertake appropriate vetting of staff. When applicants accept a job offer, Ashurst, alongside a specialist provider, will undertake professional verification and background checks.  These checks are only undertaken with consent, and in accordance with our legal and regulatory obligations. Job overview: Ashurst's Competition and Antitrust team is highly regarded for its cutting edge work and technical excellence.  The EMEA team is supported by a strong Expertise (PSL) resource, which currently comprises two senior Expertise Lawyers and an Information Officer.  Due to the departure of one of our Expertise Lawyers, a vacancy has arisen for an Expertise Lawyer.  The professional support lawyer role covers traditional knowhow work as well as the development and presentation of internal and client training. There is an increasing focus on developing the client-facing aspect of the Expertise function: our Expertise Lawyers work closely with senior members of the team to support the department's business development objectives, for example through the production and delivery of technical documents and tailored training programmes for clients, as well as thought leadership and PR initiatives.  This role is intended for an experienced lawyer with at least four or five years (or more) of fee-earning experience at a large international firm in the field of EU and national competition law and merger control work.  Technical expertise and commercial understanding of this area of law are more important than prior experience of an Expertise/PSL role. This position would be ideal for an experienced competition law associate wishing to move away from fee-earning.  An understanding of the impact of Brexit on UK competition law and merger control will be necessary. Knowledge of sectoral regulation, state aid, public procurement and/or trade law would be an advantage. Post-graduate qualifications in competition law and the ability to work in another language (particularly German or French) would also be an advantage. The role is expected to be 4 days a week although working days/hours can be discussed. The successful candidate will report to the EMEA Head of Competition and Antitrust and to the Co-Heads of Expertise. Essential skills and experience: Mid-level qualified lawyer. Experience in EU and national competition law and merger control work gained in a reputed City law firm. Excellent drafting skills. Keen interest in technical expertise and sound commercial understanding of this area of law. An understanding of the impact of Brexit on UK competition law and merger control. Duties: CLIENT-FACING WORK (INCLUDING TRAINING) Monitoring legal/procedural developments and identifying issues relevant to our clients. Identifying appropriate topical issues and producing articles for client publications (including the monthly Competition newsletter and ad hoc client newsflashes). Overseeing the production and maintenance of the department's client technical literature. Drafting and updating the team's regular contributions to external publications such as the International Comparative Guide to Merger Control, Competition Litigation and other similar titles. Administering and contributing to regular client seminars and workshops, whether for general client training programmes (such as the firm's Ashurst Essentials programme for in-house counsel) or tailored for specific clients. Managing, demonstrating and promoting the department's client e-learning products. Assisting with PR work such as press releases and drafting media comments. Liaising with the Business Development team to actively support the department's business development objectives. KNOWHOW Ensuring that fee earners are kept up-to-date with changes in EU and UK law and practice, and other relevant information. Creating and maintaining standard documents and practice briefing notes to capture knowledge and to ensure the less experienced members of the team can tap into the knowledge and expertise of the most senior members. Reviewing/co-ordinating the review of competition law elements in other departments' standard documents (e.g. merger control conditions precedent and restrictive covenants in M&A transaction documents, competition restrictions in IP or commercial agreements). Assisting in the maintenance and development of the Competition and Antitrust department’s Infobank and other online resources. Motivating fee earners to contribute to knowhow initiatives. Fielding a range of legal and procedural queries about EU and UK law from fee earners from across the global Competition and Antitrust team. Providing guidance to juniors on where to find relevant internal and external resources for their research, as well as undertaking more complex research to support client work. Co-ordinating and drafting responses to public consultations in the field of EU and UK competition law. Working with Ashurst Advance to support the introduction of legal tech products into the resources of the Competition and Antitrust team, as well as inputting into central Expertise projects concerning the design and development of the Expertise IT infrastructure. Liaising with other Expertise Lawyers across the firm to ensure appropriate flow of information between departments and to help identify potential cross-selling opportunities, particularly in the context of client training. Liaising with the Library in relation to the sourcing and management of paid-for resources and subscriptions. TRAINING (INTERNAL) Developing and delivering the training programme for EMEA Competition and Antitrust fee earners, including preparing and presenting (with the other Expertise Lawyer) monthly updates on EU and UK competition law developments. Developing and delivering the monthly global knowhow training session for the EMEA team plus colleagues from Asia and Australia. Contributing updates on key EU and UK competition law developments to the Australian team's regular internal Expertise Alerts. Developing and delivering the Competition foundation course for junior fee earners. Contributing to wider competition law training for fee earners in other departments. Planning and overseeing training days for the whole EMEA Competition and Antitrust team. Liaising with the Learning and Development team. Career advancement: An established Expertise Career Path Framework is in place clearly defining expectations and outlining opportunities for promotion.