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Restructuring & Insolvency Senior Associate

Employer
Osborne Clarke LLP
Location
London (Central), London (Greater)
Salary
Competitive
Closing date
21 May 2019

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Vacancy Type
Solicitors – Private Practice
Contract Type
Permanent
Practice Area
Insolvency & Restructuring
Experience Level
5+ yrs PQE
Role Classification
Lawyer

Job Details

"‘with the individuals I've dealt with, I can't see how they could improve their service" – Chambers & Partners

We are looking for a Senior Associate to join our well regarded Restructuring & Insolvency team in our London office.

The practice

We undertake the full range of stressed and distressed advisory work including advising on pre-insolvency operational and financial restructuring and turnaround. Where appropriate, we also undertake insolvency work including company voluntary arrangements, administrations, receiverships and liquidations. Our clients range from clearing banks to corporates. We also work with private equity houses and turnaround professionals.  

We have good relationships with key financial-sector players in this area including RBS, Barclays, Bank of Ireland, Wirecard and others. We also have good relationships with leading insolvency practitioners, including the Big Four, AlixPartners, FRP Advisory, Grant Thornton and BDO. We undertake pension restructuring work (we are on the PPF panel) and have considerable expertise in a range of key areas that are presently encountering financial difficulties, such as retail, financial services, digital business, energy and renewables, real estate & infrastructure, and leisure & hospitality.

Reflecting our growth and increased prominence in the market, we have continued to win appointments from major clients. We have also acquired leading roles on some of the highest profile insolvencies of the recent past, ranging from the acquisition of part of the business of PR agency Bell Pottinger, acting for the administrators of Agent Provocateur,  advising one of the main financial creditors of  Monarch Airways, and key suppliers to, and creditors of, Jaeger, Carillion and Conviviality Group. We also act for purchasers of distressed businesses and assets.

Over recent years we have experienced significant growth in high profile cross-border mandates. Our cross-border expertise has grown partly due to our ability to leverage our flourishing international office network, which now includes restructuring specialists in Amsterdam, Madrid, Milan and Munich. In the recent past we have worked for Time Inc. (US), Wirecard (Germany), Level Group (Italy), FoundOceam (Holland), a French clothing manufacturer and an English, Scottish and Irish wind farm group. At the same time we share the advantage of being able to move work around our network of UK offices to where it can be handled with the greatest efficiency.

The team

The team works across-office in London and Bristol. The core team is made up of three Partners, one Legal Director, two Senior Associates, one Associate, one Trainee Solicitor, and two Paralegals.

The role will be reporting to Keith Bordell and Will Gunston (Partners).

Work highlights

The collapse of Bell Pottinger has been one of the highest profile insolvencies of the past year. Our client, Hanover Group, acquired the Middle East business of Bell Pottinger in a combination of share and asset purchases out of administration.

Burgess Marine operated a marine engineering business from various sites specialising in commercial, military and leisure ship repairs and refits.  In the summer of 2017, when Osborne Clarke first became aware of the group's financial difficulties, we advised the company to formulate a turnaround plan, and embark on an accelerated M&A process. We subsequently acted for the administrators (BDO) on a sale.

We advised AlixPartners as administrators of Agent Provocateur on a pre-packaged sale . A number of parties submitted offers for the business, leading to us negotiating and documenting multiple deals concurrently leading to the secured lender being repaid in full.

We advised a longstanding European client who provided merchant acquirer (credit card) services to Monarch Airways.

The team advised a key supplier to Jaeger. This included advising on its retention of title claim in respect of goods already delivered and also negotiating a deal for these and further goods in transit and in production.

We provided advice on various convertible bonds held by a BVI company and also advised on the impact of a  proposed UK scheme of arrangement in respect of Premier Oil.

We are advising FRP on the administration of a waste company including a sale and the transfer of an environmental permit and various other environmental matters.

We advised the board running a small chain of restaurants (backed by private equity funders), helping the company to implement a turnaround plan. This has included providing advice in connection with cash, management, and property issues, and liaising with HMRC.

Technical skills and experience

You will have gained strong experience in a specialist Restructuring & Insolvency team. As a guide, due to the nature of the work and the structure of the team, we are looking to appoint a Senior Associate in this area, although we will consider candidates with more or less experience.

Your career development

Like all our lawyers, you will benefit from our multi-award winning career development programme. At each stage of your career this provides you with:

  • clear expectations of your role and what it takes to progress;
  • high quality clients and work, with early responsibility and client exposure;
  • thorough assessment and individual feedback from a range of experienced colleagues;
  • robust technical training with early skills based development, increasingly tailored to you; and
  • reward for your contribution, progression and potential, rather than PQE or tenure.

Salary and benefits

We offer competitive salaries and generous benefits.

For more information or to apply

At Osborne Clarke LLP we welcome direct applications - if you would like any further information about the role, or the firm, we would be delighted to hear from you. Please contact, in complete confidence, Emily Webb in the Recruitment team on 0117 917 3072 or email emily.webb@osborneclarke.com.

 

At Osborne Clarke, we are known for our open and inclusive culture. We believe that by investing in the diversity and wellbeing of our people, we create an environment where everyone can thrive to be the best that they can be. This means recognising that our people have lives and commitments outside of work. We have invested in connected working for our people and, where possible, we will accommodate flexible working for all our roles.   

   

Company

Osborne Clarke LLP is energetic, forward thinking and client focused. Refreshingly unstuffy, this is an open and collaborative environment and we place great emphasis on teamwork rather than traditional hierarchies.

We use our experience, expertise and imagination to give clients tailored, practical, commercial advice that makes a difference to their business. When it comes to giving clients an opinion, we won't sit on the fence.

We know several important industry sectors inside out and we have particular expertise in Digital Business, Energy and Utilities, Financial Services and Real Estate & Infrastructure. Our International reach gives our clients access to global expertise.

Our mix of home-grown talent coupled with our strategic lateral recruitment activity delivers our vision.

Our comprehensive learning and development programme coupled with our competitive benefits package means we attract and retain the best talent. Development of the best talent is at the heart of what we do.

If you've got the drive, talent and imagination to succeed, we'd love to hear from you.

We know where we are going. Join us.

Company info
Website
Telephone
+44(0) 117 917 3000
Location
2 Temple Back East
Temple Quay
Bristol
BS1 6EG
GB

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