Eames Consulting is working closely with a major player within the M&A Insurance market who is looking to hire an experienced Corporate Solicitor, with a PE bias, to join their team. You could either UK Qualification isn’t essential as international qualified would also be considered. They are going through a considerable growth phase and looking to expand to accommodate this.
Specifically you would be advising clients undertaking M&A transactions on insurance solution availability as well as how this could benefit transactions, working closely with them to structure the deal and arrange bespoke cover, assisting the solicitors’ deal teams with any necessary diligence, negotiating terms and coverage with the insurers, work closely with all parties through the transaction cycle to manage all timelines appropriately.
You’ll be working on a wide range of transactions which typically originate from UK based PE houses which could be investment internally in the UK or globally.
Many Corporate Solicitors have looked to the insurance market in recent years to offer a challenge which they’re not getting in practice.
The areas you can expect to further develop on are;
- Full control on the deal process, including management of key stakeholders within advisory firms, PE houses / clients, insurers and any other parties. You have a seat at the top table and act as a key part of the deal process rather than simply being instructed by Partners. i.e. Much more commercial than a role within practice.
- More opportunity to develop your softer skills rather than just technical, you’ll have to negotiate, you’ll have to pitch and present, you’ll need to build a network, you’ll have a lot of contact with people at all levels, you can develop a profile in the market.
- Control over your own workload - not being relentlessly demanded upon by Partners, instead you’ll generally manage your own workflows and your own deals. (No timesheets!)
- Variety of transactions you will see, both in nature and geography, will often be greater than that in a niche team within a legal firm
- Total Compensation is often greater in insurance, depending on your current firm and their reward structure you would generally expect a 20 – 50% growth in total compensation when moving from practice to insurance.
Due to the expanding nature of the class, high quality talent is in demand and this looks unlikely to decrease over the next few years.
Therefore, if you’re considering a path outside of practice, or want to achieve a more rewarding working environment. Feel free to contact me for a confidential discussion, even if it is just to understand this path a little better.