Senior Associate - Project Finance

Herbert Smith Freehills Kramer LLP; City of London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading law firm in the City of London is seeking a Mid-Senior level legal practitioner to join their Infrastructure Finance team. The role involves advising infrastructure funds and global financial institutions on acquisition financing. Candidates should have 3.5 - 4 years of PQE and experience in drafting law firm documentation. The position offers opportunities for client interaction and professional growth in a dynamic legal environment.

Qualifications

• 3.5 - 4 years PQE in infrastructure acquisition finance.
• Strong foundation in legal skills including drafting and negotiation.
• Worked at a magic circle, US or top-tier Aus/NZ firm.

Responsibilities

• Advise infrastructure funds and financial institutions on acquisition financing.
• Lead and negotiate transactions with support from senior associates.
• Build and maintain client relationships.

Skills

Legal drafting

Negotiation

Project management

Business Development

Education

Qualified legal practitioner

Tools

LMA standard documentation

Job description

Overview

The Infrastructure Finance team in London consists of 4 partners and a group of associates focused on the financing of both brownfield (M&A) and greenfield (project) financings. The team forms part of a broader Energy, Natural Resources & Infrastructure Finance group. The products involved include acquisition finance (including holdco/midco finance), project finance, some hybrid products and (to a lesser extent) fund level finance for infrastructure funds (capital call and NAV facilities).

The Infrastructure Finance team works across the entire infrastructure sector including transport, energy transition (renewables, batteries EV charging etc), digital infrastructure, water and waste and healthcare. The practice in Europe has a substantial presence in London, Paris, Madrid, Milan and Düsseldorf. Outside of Europe the practice operates in Abu Dhabi, Dubai and throughout Asia and Australia where we are the leading and largest firm in the market. We are highly ranked in all of the directories (eg Tier 1 in Legal 500 for Project, Energy & Natural Resources (Infrastructure and Power)). We have acted on some of the most complex and ground-breaking infrastructure finance deals. Clients include infrastructure and energy funds, banks and debt funds, multilateral agencies, project sponsors and governments. Key clients include: Antin, GIC, QIC, DWS, EIP, GS Global Infra, Brookfield Debt, Santander and Lloyds. Notable engagements include Antin on the senior refinancing of its Spanish fibre to the home (FTTH) business, Lyntia Access; GIC on the holdco financing for its acquisition of 30% of CETIN; lenders on the refinancing of specialist care home business Achieve Together (owned by InfraBridge); Bharti on the finance aspects of its acquisition, together with the UK Government, of satellite communications company OneWeb; GIC and Blackrock on the finance aspects of the acquisition of Kellas, the North Sea gas transmission business; a confidential infra fund on the financing for its acquisition bid for Parmaco; Brookfield Debt on the junior holdco financing of Altitude; lenders to Smart Meter Assets on the senior refinancing of the facilities raised at the time of SMA's acquisition; and a syndicate of lenders including UK Infrastructure Bank on the Neuconnect 1.4GW HVDC interconnector project.

Primary objectives

• Contribute to excellent client service and perform fee-earning work under supervision.
• Make an effective contribution to the firm\'s work by aiming to meet and exceed target hours.
• Build on legal and commercial knowledge in chosen practice area.
• Begin cultivating relationships with current client contacts where possible and in some instances, be a direct point of contact.

Key responsibilities

Role-specific -

• Advising a range of infrastructure funds as well as many global financial institutions on the acquisition financing of infrastructure assets
• Expected to be willing to be involved in some project finance transactions for both borrowers and lenders
• Leading and negotiating transactions (with senior associate support on larger deals), assisting and supervising more junior associates and trainees
• Building relationships with clients, identifying and acting on opportunities
• Plan, prioritise and delegate work tasks as appropriate and update supervising partner/senior associate on progress.
• Build client relationships - provide excellent client service and prompt responses and progress updates to the client.
• Support the firm and others - build effective relationships with individuals and groups in and across offices; uphold the firm\'s values; and assist with the preparation of legal precedents, legal articles, marketing documents and presentations.
• Comply with risk requirements, firm policies and all relevant professional responsibilities and legislation.

Qualifications, skills and experience:

• Qualified/admitted legal practitioner in relevant jurisdiction.
• Ideally 3.5 - 4 years PQE with evidence of experience in infrastructure acquisition finance. Project finance experience also helpful. We would consider candidates a year or so less, or more, qualified.
• Currently/trained at a magic circle, US, silver circle or top tier Aus/NZ firm
• Strong foundation legal skills, including drafting, writing, negotiation and project management.
• Technically strong, self-starter (ie able to run principal finance workstreams on large deals and smaller deals independently) who enjoys BD as well as transactional work
• Must be highly familiar with facility and commitment documentation, having drafted documentation from start to finish on LMA standard terms
• Familiar with law firm profitability and key drivers for financial efficiency.
• Basic understanding of the client sectors relevant to the chosen area of law.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Legal

Industries

• Legal Services

End of description.