Associate/Senior Associate - Private Capital Real Estate - London

We are Eversheds Sutherland, a global law firm, with more than 5,000 people across over 30 countries. We’re full-service with deep niche and sector experience. Whatever challenge, wherever in the world, we’re equipped and ready to meet it. We live our values, we’re purposeful and purpose-led. So although the world is fast-moving and rapidly changing, we see it as a place where everyone can thrive. We’re ambitious for our clients, our communities – and for you. Whether you’re starting out on your career or well established, whether you’re a lawyer or in business services. If you’re looking for what’s next, we are too.

What to expect

As a lawyer, you enjoy a variety of work: domestic to international and across practice groups. With us, you grow your global mindset with day one exposure to clients from across the globe. You’re encouraged to put ideas into action and there’s always something new and different to get involved in. We see the fast-moving world as a place where we can all thrive and succeed. We’re excited for what’s next so, with us, you can be too.

The Team

The Private Capital Real Estate team is a market leading practice that acts for both institutional and private equity clients, domestically and internationally. The PCRE team sits within our main Corporate and Finance Group but works closely with our Real Estate, Real Estate Tax and Real Estate Finance teams on a daily basis. We advise on a full spectrum of indirect real estate transactions including establishment of real estate club / joint venture arrangements, real estate M&A (through the acquisition and disposal of onshore and offshore vehicles), asset and property management agreements, equity funding arrangements generally for real estate holding vehicles, supporting real estate finance and generally governance and profit sharing arrangements for real estate holding structures.

The PCRE team has a fantastic client base which will provide a suitable candidate the opportunity to gain experience in a broad range of matters at an early stage in their career. We are now looking to grow the team to support of the growth of the PCRE practice generally.

The Role

The successful candidate will be joining a dynamic, hardworking team, providing world class services to a range of high quality clients operating across a number of jurisdictions. You'll be someone who wants to excel at what they do; who can handle pressure and enjoys developing client relationships from an early stage in your career. Our firm and our people are all about teamwork, collegiality and supporting our clients to deliver their strategic objectives.

Key areas of focus for the team

Joint Ventures / Club deals – international and large domestic investment in the past 4/5 years has led to a large number of joint venture opportunities for our clients and we have acted on a number of large scale joint venture / club deals, really focusing on development in the “Living” sector. Working with our specialist practice groups, you will gain experience in all aspects of structuring, funding and operating joint venture / club transactions, acting both for both equity funders and domestic operator/developers. The candidate will need to have experience of drafting all or material parts of shareholder and joint venture agreements, for both corporate and partnership joint venture structures.

Real Estate M&A – structured real estate M&A is a material part of our practice and therefore it’s critical that a candidate has experience in this area. In particular, working with both onshore and offshore vehicles, understanding the approach to due diligence when acquiring property holding structures and having a good working knowledge of SPAs including price adjustment mechanics. Experience of transactions involving more complex operational assets would also be helpful. The candidate will gain experience coordinating with teams from across offices and practice groups and assisting generally with the project management of transactions.

Onshore and Offshore Structures – we regularly work with entities from across multiple jurisdictions. The candidate will need to have a good working knowledge of limited companies, limited partnerships, unit trusts, limited liability partnerships and trust relationships generally. A working knowledge of private, closed ended funds would be helpful, but not essential.

Management Arrangements – being a real estate focused team, a material part of the practice is understanding the management arrangements that real estate holding structures require. A working knowledge of investment, asset and property management agreements is essential, as well as an understanding of how cashflows, performance fees and fees generally work for these sorts of arrangements.

Real Estate Sector – Ultimately everything the team works on is real estate focused. A successful candidate should have experience in this sector and want to develop relationships with clients who live and breathe real estate. Understanding the client’s commercial drivers is critical to enabling us to grow our relationship with them, so it is important we are not only excellent black letter lawyers but that we also understand how the asset classes work and the potential problems they face.

Skills and experience

We are looking for:

• Candidates who are 3-5 PQE with relevant experience in Private Capital Real Estate
• Associate or Senior Associate level currently
• Excellent interpersonal skills and eagerness to get involved with the team
• A pro-active, hands on attitute and willingness to learn from more senior members of the team
• An interest in working on high value mandates and developing within a high performing team
• An interest in supporting and coaching more junior members of the team, as required

What’s in it for you?

At Eversheds Sutherland, we provide benefits focused on looking after you: your development, your performance, your financial future and your health, as well as providing the opportunity to make a contribution to the world.

• We’re fair, transparent and equitable
• We share in the success of the firm, reward alignment to our values, going above and beyond and your individual performance
• We support flexible ways of working through our remote working policy and commitment to flexible, agile and hybrid ways of working
• We support your health and performance through our dental, healthcare and wellness support
• We support everything you are and all you bring through our powerful commitment to diversity and inclusion
• We provide a platform for your career, whatever your ambitions through our structured professional and personal training, mentoring and development programs
• We provide experience and opportunity through international and cross-function exposure
• We provide an opportunity to give back through our pro bono work and community engagement
• We help you plan ahead through retirement planning, insurance and assurance

Diversity & Inclusion

At Eversheds Sutherland, “Inclusive” is a core business value. We bring together different skillsets, global mindsets and approaches. We foster diversity of thought and the freedom to put ideas into action. We have an inherent respect for the individual. We have a strong belief in collaboration and teamwork. Sharing ideas, asking questions, solving challenges and meeting our clients’ goals: together.

We want all our people to thrive at work and reach their full potential and we work hard to continue to build a diverse and inclusive culture, monitor and report on our progress and impact, and develop our approach. This is reflected in our policies, systems and processes, and in our work with diversity membership organisations.

Many of our people work flexibly in some way and we are open to considering how we can accommodate flexible working arrangements alongside role requirements. If this is important to you, please talk to us about it during the recruitment process.

We want you to perform at your best during our recruitment process. If there is any adjustment or support you need, please contact us so we can discuss how we can best assist you.

For you,

For your success.

And what's next.