Senior Associate/Managing Associate - Restructuring and Insolvency

Overview

The Penningtons Manches Cooper Restructuring and Insolvency team is a busy, dynamic, and growing team which enjoys a great quality of interesting and high-profile work. The team is forward thinking and innovative and is always looking to improve and enhance its existing high standards of client service.

Having embraced agile working, the team provides a welcoming, open, and collegiate environment in which everyone is encouraged and supported to realise their individual potential and contribute to the team’s growth and development.

This position will involve working in the Restructuring & Insolvency Team , which forms part of the wider Commercial Disputes Resolution team. The role is not, however, solely contentious by any means.

Responsibilities

A broad knowledge and significant experience of both contentious and non-contentious insolvency and restructuring law are required. Our Restructuring & Insolvency Team have a varied and wide-ranging practice in relation to both corporate entities and individuals. In particular, the Head of the R&I Team is a dual qualified Insolvency Practitioner. Whilst she does not take appointments, the nature of the team’s work does therefore include a significant amount of advisory work, both preventative and within restructuring and insolvency processes. It is not necessary that the candidate will be experienced in all advisory areas but must be willing to learn.

The role will suit a confident and experienced senior or managing associate who is committed to providing the best and most efficient possible service to clients and is looking for an opportunity to help grow a team and mentor and bring the best out of junior lawyers and paralegals.

Essential & Desirable Criteria

• Excellent technical knowledge of and familiarity with contentious and non-contentious insolvency and restructuring law, and a genuine enthusiasm for the practice area and how it will develop in the future.
• Ability to act for a very broad range of clients including insolvency practitioners, corporate entities, directors, lenders and shareholders, in addition to individuals in relation to personal insolvency
• Experience of as much of the below as possible:

• administrations (appointment/trading issues/pre-packs etc) and floating charge issues;
• receiverships (appointment and management all the way to sale);
• CVAs and a working knowledge of Part 26A Restructuring Plans
• members voluntary liquidations (advising all parties, representing IPs, strategic advice, the procedure itself and associated indemnity and early distribution issues)
• CVLs – procedure and advice to the company on strategy prior, creditor related issues, SIP2 investigations and conversion from MVL
• Compulsory liquidation
• All usual antecedent and directors duties/misfeasance actions (contentious and preventative)
• Directors disqualification
• Disclaimer in liquidation
• Directors' duties advice and ongoing trading guidance

• A working knowledge and associated experience in bankruptcy, and all the post-bankruptcy issues that would be relevant to a trustee would be beneficial
• Comfortable working under pressure with the ability to plan and prioritise work and deliver to tight or changing deadlines whilst maintaining excellent attention to detail
• A proactive and collaborative team member with a professional, user focussed approach
• Experience of supervising and supporting junior team members
• Excellent written and verbal communication skills
• Ability to work well in partnership with lawyers and support staff, for the benefit of clients
• Highly IT literate, confident user of MS Office and legal and business information systems with experience of SharePoint or similar platforms
• Excellent financial hygiene and administrative elements of file management

The firm operates a hybrid agile working policy allowing employees to work from home (or another UK location) for at least 50% of their time.  Individuals can also apply for other flexible working options either at the time of recruitment or during the course of their employment

We ensure that there are equal opportunities and treatment for all job applicants and employees, at all stages of the recruitment process and employment, regardless of age, gender reassignment, marriage or civil partnership, pregnancy and maternity, disability, race (including colour, nationality, ethnic or national origin), religion or belief, sex, sexual orientation, gender identity, gender expression and social background. We aim to provide adjustments for people who have a disability, long-term health condition (including mental health) or neurodiversity. If you would like to request an adjustment, please contact [email protected]