FOX WILLIAMS is targeting the peer-to-peer lending sector through an expansion of its fintech and alternative finance team.
The City law firm is currently advertising for an associate to join its corporate fintech department, whose clients include UK and European P2P lending and direct lending platforms.
The job description has a strong focus on P2P lending, with typical tasks including drafting standard term corporate and consumer lending and security documentation for P2P and direct lending platforms; structuring P2P and direct lending platforms from a regulatory and commercial perspective; and structuring and drafting debt issuances and wholesale funding lines for P2P and direct lending platforms.
Reporting to fintech and alternative finance partner Jonathan Segal, who is well-known in the P2P sector, the successful candidate will advise both established and new fintech platforms.
The job advert states that the role offers an “exciting opportunity to be part of an expanding practice area” and that the associate will work with fintech brands such as Revolut and Prodigy Finance.
Read more: A new era of regulation
“The work will require a strong knowledge of syndicated facility agreements and security documentation, but the lawyer will also have the opportunity to deal with technology issues (including data privacy and tech-related agreements) and obtain a working knowledge of financial services regulation,” it said.
Paying between £75,000 and £80,000, Fox Williams said that the role is suitable for an experienced banking and finance, structured finance or debt capital markets lawyer looking to “become a lawyer equipped to service the needs of a technologically-driven financial services market”.