6 months ago
Taylor Wessing is a leading International, full-service law firm, working with clients in the world's most dynamic industries. We are proud of our reputation as a forward-thinking firm, and we support clients wherever they want to do business. Our 33 offices in 20 countries around the world blend the best of local commercial, industry and cultural knowledge with international experience to provide proactive, integrated solutions for our clients.
Our innovative, modern approach is what defines us. Our clients range from promising new start-ups to multinational leaders of industry, with a client base that includes 60% of the world’s top 50 brands. In every case, we provide specialised legal advice, backed by a finely-tuned commercial intelligence.
Our growth and success has been achieved by the dedication of our people and our ability to attract and embed new talent that will thrive in our entrepreneurial, forward-thinking environment. We aim to attract a range of individuals with different and diverse skill sets and backgrounds to ensure our firm’s continued success.
Building Strong Relationships
Ambitious for Clients
An Instinct for Business
We are seeking a Senior Associate to join our Financial Services Regulatory Practice. The Practice provides regulatory and commercial advice to financial institutions across the banking (including payment services and mortgages), investment, fund and insurance sectors.
The FS Regulatory group sits within the Corporate Division and has close links with Taylor Wessing's Finance, Private Wealth, Technology, Disputes and Capital Markets practices.
The FS Regulatory group is led by Jonathan Rogers
Success and strategy
The team has successfully established a strong, market-recognised (Chambers and L500 ranked) FS regulatory practice over the past ten years. It has an impressive cross-section of long-term clients and has successfully attracted several high-profile new clients in the past couple of years.
A strong regulatory practice is a key strategic growth area for the firm.
The FS Regulatory group's strategy is to maintain its expertise across a broad range of regulated areas, but with special focus on targeted sectors/clients which align with the firmwide client base and strategic priorities. The four 'own account' target areas are:
Wealth management – investment managers, advisors, and regulated family offices.
Technology rich financial services (e.g. payment services, e-money and internet/digital sales channels, insurtech, cyber and blockchain adaptations).
Private and overseas banks (e.g. Chinese banks expanding their UK presence).
Broker dealer platforms
The group also regularly partners with other practice areas on the following matters:
Corporate Transactions – excellent lateral hires into PE and Corporate Tech teams have seen a significant growth in sector leading FS market deals. This is a growth area for TW and we are currently pitching more financial sector work than any other sector.
Fund formation – we have a growing alternate fund practice that would welcome a senior associate with strong funds related skills. This is a business plan opportunity at TW.
Collaboration on enforcement and investigations with our Disputes practice.
The FS Regulatory group has increased in revenue year on year and is looking to continue to grow, with steady recruitment at all levels of qualification.
The FS Regulatory group is an important offering to a number of key clients if the firm, so the role offers a strong opportunity to participate in key client development as well as high profile collaboration across the firm.
We are looking for a lawyer to specialise in financial services regulatory work. Reporting to the Head of FS Regulatory, and working with other Partners and Associates in the group and other groups, the role involves an approximate split between:
Advising regulated financial sector clients (including new entrants) directly on legal, regulatory and compliance matters (70%)
Advising on the financial services regulatory aspects of various corporate transactions and other commercial projects for clients across the firm (30%)
We are looking for solid core regulatory competency given the diversity of the practice, but it is recognised that it is increasingly difficult to be a specialist in all areas. Therefore we would welcome signs of development and specialism in at least one of the following areas:
Funds / investment firms: E.g. MiFID, AIFMD, EMIR, PRIPS
'Fintech': payments, e-money, AML, retail facing products
Lending: consumer credit/mortgages and associated processes
Regulatory compliance: even if not necessarily sector specific, good experience of FCA/PRA licence applications, 166 reviews, policy & procedures, managing regulatory intervention.
Ideally the candidate will have 3 – 6 years post qualification experience but other high quality candidates will be considered.
Other core elements of the role include:
Assisting Partners and Associates on matters, as well as taking lead on some smaller instructions/matters (with Partner supervision).
Contributing to business development and profile-raising initiatives (including networking, writing articles, delivering industry training and talks). All associates are positively encouraged to play a role in BD.
Know-how and precedent development and management.
Assisting in the preparation of client pitches.
Assisting in delivering internal training on regulatory developments.
Working with many different practice areas throughout the firm (e.g. other corporate specialists, insurance, banking, private client, tax, employment and pensions, property and litigation).
KNOWLEDGE, SKILLS & EXPERIENCE
Candidates must recently qualified in the UK and preferably with training from a City firm with a recognised financial services regulatory practice. Experience in-house is beneficial but not essential.
The following skills/experience are essential:
Excellent analytical skills and academics (minimum 2:1 degree), and technical ability.
Experience gained at a top tier finance practice.
Strong drafting skills, working both with and without reference to precedents.
Ability to work both independently and in conjunction with partners.
A commercial focus and excellent client management and relationship skills.
A focus on business development and building client relationships.
Experience of supervising and mentoring more junior lawyers and providing encouragement and support in this role.
Salary: Competitive, depending on experience
Working Pattern: 9.30 am – 5.30 pm either 3 or 4 days per week, although we may ask for flexibility from our employees as necessary to accommodate business needs. Taylor Wessing supports agile working, and the Talent Resourcing team would happily have conversations with potential candidates about how we could support agile or flexible working needs.
Diversity & Inclusion: Please note that any reference to PQE levels should be seen as a guide, and we will review profiles of candidates with the experience necessary to fulfil the position. Taylor Wessing is committed to creating an inclusive working environment. Recognising the value diversity brings to the firm is key to our people strategy and it's what makes Taylor Wessing a great place to work. All decisions relating to recruitment and selection, appraisals and career development are objective, free from bias and based solely on individual abilities and merit. Please contact firstname.lastname@example.org if you have any questions about recruitment at the Firm, or require any reasonable adjustments to be made in regards to your application. For more information on our approach to diversity & inclusion, please visit taylorwessing.com/diversity