Brief
We are looking to recruit a Restructuring Associate 4+ years PQE with contentious insolvency experience to join our London office but we are also keen to hear from candidates who wish to base themselves in one of our regional offices in England but are happy to travel to London when required.
Candidates should have particular experience advising insolvency practitioners and financial institutions, and would ideally also have experience advising other major stakeholders such as litigation funders, private equity funds, debt funds and company directors. In particular, we are looking for candidates that have experience in pursuing and defending claims arising out of insolvency, antecedent transaction claims, cross-border insolvency disputes and other asset recovery processes.
Our Team
Nationally, our highly rated Restructuring team, part of our Finance and Restructuring group, advises financial institutions, turnaround and insolvency practitioners, company directors, litigation funders, private equity funds, debt funds, shareholders and other stakeholders on strategies for recovery and turnaround. We act for the largest firms of insolvency practitioners, all the major clearing banks as well as a wide variety of other lenders. We also act for specialist lenders and funds lending into distressed and other special situations, including litigation and administration funding.
We are regularly involved in complex, high value restructurings at an early stage in the financial decline curve, with the aim of providing innovative solutions which improve returns to stakeholders and, in many cases, avoid an insolvency process altogether. We have an established reputation for our complex and cross-border insolvency litigation practice too, having been instructed on a number of the most high profile contentious assignments of recent years .
Key clients
1. All UK clearing banks except the Bank of England
2. A number of overseas banks
3. Asset based lenders and challenger banks
4. Alvarez and Marsal Europe LLP
5. BDO LLP
6. Forvis Mazars LLP
7. FRP Advisory
8. Grant Thornton UK LLP
9. Interpath Limited
10. Kroll Advisory Limited
11. Quantuma Advisory Limited
12. RSM UK Restructuring Advisory LLP
13. Teneo Financial Advisory Limited
14. Sandton Capital
15. Blazehill Capital
16. Gordon Brothers
17. Rcapital Partners LLP
Work highlights
18. Advising FRP Advisory Limited as the administrators of Safe Hands Plans Limited, a pre-paid funeral provider to approximately 46,000 customers in the UK including on proceedings being issued in the UK, the Cayman Islands and Jersey to recover substantial assets.
19. Advising RSM UK Restructuring as the administrators of Lendy Limited, a failed peer-to-peer platform lender and bringing claims against former directors for c.£8m including obtaining freezing injunctions.
20. Advising Teneo as the liquidators of Diamond Manufacturers Limited which traded as ‘Vashi’, a jewellery retailer with various stores in central London including on complex and high-value recovery action in England and overseas.
21. Acted for an American motorsport organisation on a complex, cross border debt claim against an insolvent building services contractor. We advised the client, as a creditor, where the directors allegedly ran a £47 million Ponzi scheme.
22. Advising Retail Realisation on the financial restructuring and ultimate administration of the Paperchase group.
23. Advised a social media platform on the implication of the bankruptcy of Katie Price.
24. Advising Gordon Brothers and Aurelius as lenders on the take private and financial restructuring of French Connection
25. Advising Nostrum Oil & Gas in connection with its $1bn Scheme of Arrangement, in particular around the structuring of its compromise of certain noteholders subject to sanctions by the UK Government.
26. Advising Modella Capital on the financial restructuring and ultimate administration of Ted Baker’s UK business.
Testimonials
The team displays a very professional, proactive and highly collaborative approach.’
‘The team are technically strong, particularly from a banking/security perspective, as well as highly commercial dealmakers who are often critical to us completing deals, enabling us to complete transactions swiftly often in competition with other investors ensuring we take a balanced view of risk/reward. There is no other team who we can go to in highly complex situations where we need both core R&I led advice supported by strong cross functional teams.’
Legal 500, 2024
The team won “Restructuring Team of the Year” at the Lawyer’s awards for 2023 and is nominated for 2024.
The Candidate Required
The successful candidate will ideally:
27. have gained experience in a City, or a strong national or regional, firm.
28. be technically excellent but equally important, commercially aware and enthusiastic about business development
29. be a team player with a strong client focused approach
30. have a strong academic background and excellent communication and organisational skills.
The role is wide-ranging, will focus on and include:
31. developing on-going relationships with an existing client base as well as pitching for new opportunities;
32. developing close working relationships as part of an international team;
33. the opportunity to be involved in work in the very best national and international work.
What will we offer you?
34. We are a market leading, dynamic and growing global team who work together to produce outstanding results for our clients.
35. We invest in our team and have a first-class training and career development programme. Our training reflects our position as a market leader in communications and sourcing. Our training will assist you to develop as a specialist with valuable sector knowledge and the ability to deliver "best in class" services.
36. Early responsibility and opportunities to develop client relationships.