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Legal counsel, race promotion

London
Formula 1
Legal counsel
Posted: 13 July
Offer description

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Formula 1 is enjoying a golden era. The demand to participate in Formula 1 is at record high levels across all dimensions – amongst race goers, sponsors, broadcasters and likewise amongst major destination cities and nations vying to host Formula 1 Grand Prix events.

We seek a highly motivated legal counsel to join the Formula 1 Legal team for a role supporting Formula 1’s Race Promotion business. Race Promotion is a key pillar of Formula 1’s business and centres on granting the right to host and promote Formula 1 Grands Prix around the world. The role will involve working closely with the Race Promotion commercial team on various Formula 1 race promotion deal negotiations and ongoing contract and relationship management across the Formula 1 race calendar.

This role will suit a candidate with ideally 1-3 years’ post qualification experience. Our new team member will join a team of three lawyers and one paralegal, overseen by a chief counsel, ultimately reporting to the chief legal officer.

Key responsibilities will be as follows:

* drafting and negotiating contracts with our race promoters. These contracts involve a wide variety of legal and commercial matters including event commercialisation (e.g. local sponsorship, hospitality, ticket sales), event operations and delivery (e.g. security, health and safety), insurance, financial security (e.g. guarantees, letters of credit) and interaction with FIA regulations
* drafting licence agreements for use of F1 intellectual property by race promoters
* managing regular ongoing promoter communications (relating to local laws, use of event CCTV, official suppliers, insurance) and assisting with general day to day enquiries from promoters
* providing commercially minded, pragmatic legal advice and support on a range of matters relating to the promotion and organisation of Formula 1 Grand Prix events, including support series such as F2, F3 and F1 Academy

The candidate will also have the opportunity to be involved in matters such as:

* reviewing, negotiating and drafting various ancillary contracts such as NDAs or MOUs regarding initial new race territory discussions
* assisting with other related commercial matters, including providing strategic and practical advice to a variety of Formula 1’s business teams (such as sponsorship, licensing, hospitality and motorsport) regarding Formula 1’s race promotion contracts
* working with our Compliance department on requisite DD for commercial partners and suppliers
* preparing and managing contract summaries and supporting commercial teams in their management of contracts (including acting as Legal team point of contact as required) •
* supporting the Procurement team in relation to agreements for the provision of goods and services, including reviewing and negotiating F1’s and supplier standard terms and conditions and data processing addendums
* conducting legal research to support business decisions and ensure compliance with relevant laws and regulations

We would like to meet candidates who:

* trained and qualified as a lawyer at a top tier firm. The candidate likely qualified into a commercial or corporate practice area. They will have solid experience of legal drafting and might have relevant industry sector experience such as media, sport, entertainment, infrastructure or major projects
* are enthusiastic, have a strong “can-do” attitude and a willingness to expand their skillset
* are agile, organised, can manage multiple workstreams simultaneously and deliver results under pressure to a deadline
* have excellent written and verbal communication skills, with the ability to effectively communicate legal concepts to non-legal stakeholders
* pride themselves on having a high degree of attention to detail
* are team players and understand of the importance of building relationships with clients, peers and race promoters
* take responsibility for own workstreams, will offer a view about the best path forward for the F1 business and are problem solvers
* are curious about the business of sport, world politics and F1


Seniority level

* Seniority level

Associate


Employment type

* Employment type

Full-time


Job function

* Job function

Legal
* Industries

Spectator Sports and Broadcast Media Production and Distribution

Referrals increase your chances of interviewing at Formula 1 by 2x


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