Job Description

Associate/Senior Associate, Corporate Lending
Ashurst Global Loans, London or Glasgow
Recruitment
About Ashurst
Ashurst is a leading progressive global law firm with a rich history spanning more than 200 years. We are proud of our history and are future-focused, having expanded into new technologies through our NewLaw division, Ashurst Advance, and our consulting arm. Our in-depth understanding of our clients and commitment to providing excellent 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 .
Team overview
Ashurst's Global Loans 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.
Job overview
We are currently looking for a 4-8 PQE associate/senior associate with proven post-qualification experience in corporate lending to join our team in the London or Glasgow office.
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 the drafting and negotiation of facility agreements and intercreditor agreements, supervising other members of the team, negotiating security documents and liaising with local counsel on multi-jurisdictional matters, ensuring a smooth process to transaction close.
You will be encouraged to build client relationships with our relationship banks and key corporate clients and to have a desire to build on these and develop your own client network with support and guidance from the partners and wider team. Most of our associates will go on a client secondment to further develop personal and firm relationships and enhance their commercial skills.
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.
Typical responsibilities include:

• Drafting of legal documents;
• Contributing to department know-how and developing precedent documents;
• Advising clients;
• Negotiating with counterparts and leading calls; and
• Coordinating completion of transactions.

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. You will be expected to mentor junior members of the team, supervise trainees and work closely with the wider Global Loans team. You will also be expected to build your own cross-practice network within the firm (for example, building relationships with the Global Loans teams in our other offices, the Global Markets, Corporate Transactions and Restructuring and Special Situtions teams).
You would be expected to contribute to the firm's D&I and Corporate Responsibility initiatives, often organised with the firm's key clients.
More generally, Ashurst's Global Loans practice offers specialist advice on:

• leverage buy-outs and other acquisition finance transactions;
• real estate finance;
• infrastructure financing;
• fund financing;
• restructurings;
• strategic and impaired value debt purchases, including loan portfolio sales;
• specfin financings;
• high yield financings; and
• treasury products generally.

Essential skills and experience
Associate/Senior Associate with:

• Strong general banking experience with a focus on corporate lending
• Experience of drafting, reviewing and negotiating legal documents in a private practice environment
• An adaptable ambitious person who is a fast learner, with experience practising on multi-jurisdictional matters
• 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

• UK COMMERCIAL BANKS - acting for our key banking clients on RCF, term and acquisition facilities
• MCLAREN - acting for McLaren on its financing arrangements, internally coordinating with our Corporate and High Yield practice, assisting on their core facilities and ad hoc queries
• CASH CONFIRMATIONS - acting for Investment Banks alongside our Corporate team on major UK takeovers, recent examples include acting for J.P. Morgan on EP Corporate Group's bid for International Distributions Services plc (Royal Mail), Rothschild on PHP's offer for Assura, acting for Morgan Stanley on Informa's bid for Ascential and acting for Citibank and Goldman Sachs on Aviva's bid for Direct Line
• CLUB OF BANKS - acted for 5 banks on the pre-IPO facilities for a UK corporate
• AXPO HOLDING AG - advising the borrower on a JP42,000,000,000 sustainability-linked Samurai loan with a syndicate of more than 20 banks and investors in Japan - the first Samurai loan for Axpo Group
• TRITAX BIG BOX REIT PLC - advising on its 500m syndicated sustainability-linked facilities and 150 million bilateral sustainability-linked facilities
• BARCLAYS BANK PLC - advising on its term and revolving facilities to support the further expansion of Popeyes Louisiana Chicken in the UK

Team Recognition
Legal 500 - Band 2 for Bank Lending - investment grade debt & syndicated loans.
' Ashurst provides 'first-class and solutions-oriented advice'to banks and investment-grade borrowers across a range of lending activity, encompassing syndicated loans for general working capital purposes, for refinancings and to facilitate M&A transactions. Tim Rennie excels at providing 'solutions-oriented' advice to banks and borrowers on global loans, and also has niche expertise acting for financial advisers on the financing of public takeovers. In addition, Rennie also regularly advises clients on sustainability-linked financings, as does the 'very knowledgeable' Nicholas Moore. Briony Holcombe co-heads the corporate lending team alongside Rennie and Moore and has a varied practice that includes advice on working capital facilities, acquisition finance and fund finance matter. Darren Phelan has a balanced lender and borrower-side practice, and also handles work for financial advisers on public M&A financings.'
Career advancement
An established Associate and Senior 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 a key client of the firm. From time to time, secondment opportunities also come up within other Ashurst offices in Europe, North America, Asia and Australia.
Accessibility
We are committed to making all stages of our recruitment process accessible to candidates with disabilities or long-term health conditions. If you consider yourself to have a disability or a long-term health condition, please feel able to be open about this at any point during the recruitment process. If you are not sure what adjustments you require, we will work with you to establish the most suitable adjustments at each stage of the recruitment process. Please note that our online application form includes a section which allows you to advise us of any extenuating circumstances that are relevant for us to consider when reviewing your application form. Any information disclosed on your disability will remain strictly confidential and please if you have any questions.
Background checks
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.
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Speak up!
Ashurst is committed to ensuring an accountable workplace culture. Candidates are encouraged to report any ethical or conduct concerns to our confidential email address: Please note that this email address should not be used for general enquiries about, or applications for, job positions available at Ashurst as they will not be passed onto the relevant team. Any recruitment enquires should be directed to

Skills Required