Freshfields is a leading international law firm, with over 2,800 lawyers working in over 150 countries and 70 languages. The world's biggest international organisations rely on us to help them make the right decisions in a fast-changing world.
The Freshfields Hub is responsible for delivering high value, high quality legal solutions, supported by advanced legal technology, to the firm and our clients. The Hub’s Manchester location sits as a strategic part of the firm’s Global Centre there, and is made up of qualified lawyers, Legal Solutions Specialists (“LSSs”), and project management and legal tech specialists. Working closely with other Hub locations in Central Europe and Asia, and with lawyers from around our network, dedicated teams work on complex transactions, disputes and investigations.
Our Financial Services Regulatory practice
In a world of ever-more complex and interlocking regulatory requirements, compliance is a growing burden, with enforcement action and penalties becoming more severe. Our regulatory lawyers are spread across several practice groups, offering an extensive pool of knowledge. Freshfields are market leaders in proactively identifying risk arising from legislative changes, helping multinational businesses to minimise risk and working closely with regulatory authorities in multiple jurisdictions.
We also have extensive experience working on strategic advisory, transactional, investigative and enforcement issues, and we work with our clients on the ‘people agenda’, and help them embrace the new focus on culture and governance.
We have around 100 partners worldwide with both contentious and non-contentious regulatory expertise, advising on the effects of rapidly developing regulation, building compliance programmes, and guiding our clients to manage regulatory and enforcement risks, often involving multiple regulators.
Role summary/purpose of job
There are a number of associates with a range of specialisms working in the Freshfields Hub in Manchester. The role is for an associate with Financial Services Regulatory experience.
Our Hub associates ensure the efficient delivery of high quality output from the Freshfields Hub to the firm’s partners, fee-earners and clients. Each utilises experience and knowledge within their core area of expertise to supervise, train and mentor more junior members of the team to deliver service excellence to the firm. They act as a source of knowledge on matters within their area of expertise and liaise with clients or colleagues who are instructing the Hub to ensure that jobs are properly structured and efficiently delivered. They may also be asked to provide standalone advice or assistance on client matters.
This role enables the incumbent to understand our market-leading legal technologies and processes and use them to surpass internal and external client expectations. It also provides the opportunity to identify areas for innovation and development and to help market those to the wider firm and to clients. Our Hub associates work closely with the Quality Assurance, Innovation, and Continuous Improvement teams and other fee earners around the firm to ensure an efficient and high quality delivery of legal solutions, and to develop the catalogue of solutions provided to our Financial Services Regulatory practice from the Hub.
The associate will also be involved in business development activities relating to the solutions that the Freshfields Hub can offer to our Financial Services clients of the firm in the Regulatory space. For example, they might be asked to participate in pitches to clients for new mandates which would involve a significant Freshfields Hub or legal tech component.
Our Hub associates benefit from a generous compensation package and a clear career path, with opportunities for development and promotion.
Key responsibilities and deliverables
- Determine the scope of work required on new mandates in the Hub, in collaboration with the partner, other lawyer or client, including: agreeing deliverables and the appropriate level of project management/oversight; determining the appropriate legal tech solutions that can be used to support the project; and pricing.
- Manage the Hub’s delivery of services working closely with colleagues in other offices including management of LSS teams in relation to:
- complex multi-jurisdiction change in control filings;
- multi-jurisdictional surveys;
- Brexit and other re-papering exercises; and
- compliance with law reviews.
- Take responsibility for the delivery of high quality work product to specification, e.g. by reviewing and analysing the output from the LSSs to ensure a high level of service delivery.
- Keep instructing lawyers updated on progress of tasks including attending project team meetings (via phone or video link) to proactively contribute to the delivery of the overall mandate.
- Work on the financial services regulatory aspects of a wide variety of large, complex public and private M&A transactions.
- Strengthen own knowledge of the current issues and developments in the financial services regulatory space, and requirements of the firm’s clients.
- Proactively contribute to knowledge management including drafting client briefings, blogs, presentation and conference materials and other internal and external content in relation to regulatory developments, the impact of regulatory change, Fintech, and regulatory aspects of complex transactions including M&A, IPOs and reorganisations.
- Be flexible to work alongside and support the work of other teams within the Corporate department as required.
- Proactively identify opportunities for the Freshfields Hub to provide support to the firm’s global financial services regulatory practice and supporting the roll-out of relevant solutions.
- Support the firm’s global financial services regulatory practice in winning new mandates that involve the use of legal tech and/or the Freshfields Hub.
- Establish effective relationships with partners and clients by displaying a solid understanding of their current and future needs and identifying opportunities for service delivery through promotion of the Freshfields Hub.
- Train/mentor LSSs.
- Participate in training sessions and team meetings within core area practice groups and with the Quality Assurance, Innovation and Continuous Improvement teams.
- Use expertise to design and deliver training both within the Freshfields Hub and to colleagues in the firm’s other offices.
Key requirements (Communication/skills/experience)
- Intellectually strong with a top class academic profile.
- Qualified lawyer.
- A strong technical and commercial background in Financial Services Regulation, with the ability to apply this to the needs of the firm’s clients through the services delivered by the Freshfields Hub.
- Interest or involvement in business development activity and innovation, including legal technologies.
- Ability to manage and deliver projects, working across multiple teams and disciplines.
- Ability to advise and influence key stakeholders including partners and the firm’s clients.
- Ability to work internationally with an appreciation for substantive legal/procedural and cultural differences between jurisdictions.
- A positive role model and team player who actively shares knowledge and contributes to the development of the Freshfields Hub.
- Previous experience gained within the relevant areas.
- Proficient in the application of legal technologies.