In House Lawyer- Engagement Terms
4 months ago
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Department Purpose
The Engagement Terms Team (ETT) is a global function that provides a first-class service to the firm’s partners and fee earners offering strategic legal support on a wide range of client engagement terms and risk related issues. Engagement Terms are the contracts which we need to have in place with each of our clients. They are one of our most fundamental tools of risk of management and cover most our key regulatory and commercial areas of risk as well as the relationships we have with our clients, so the breadth of responsibility and expertise required in this area is very great.
The team’s responsibilities include:Implementing strategies, policies, procedures, and standards for engagement terms across the firmMaintaining a suite of engagement term standard form templates to be used across the firmReviewing and negotiating engagement terms with internal and external parties (including clients) to ensure that they are aligned with the firm’s policies and professional conduct obligationsIdentifying and analysing potential risks and opportunities associated with engagement terms including operational, legal, regulatory, reputational and strategic risks, and developing and executing risk mitigation and contingency plansReporting and communicating on the status, progress, and outcomes of engagement terms and our strategy in relation to them, and providing insights and recommendations for improvement, optimisation and innovation (including to the firm’s governance bodies such as the Risk Committee)Collaborating and coordinating with partners and support teams within the firm to ensure that engagement terms and associated risk management activities are appropriately managedConducting research and benchmarking on engagement terms and risk management trends, developments, and best practices, and staying updated on relevant laws, regulations, and standardsAdvising on secondment processes, secondment agreements and any risk or legal issues arising from secondmentsManaging ad hoc enquiries from across the global firm relating to engagement terms and client related risk queriesProviding legal support and risk management advice on the application and interpretation of the firm’s engagement terms in respect of client auditsManaging the engagement terms aspects of matter inceptionDealing with information barriersIdentifying and advising on key terms in client engagement terms, including the best way to record and maintain the information from both a business process and technical point of viewMaintaining records of executed engagement terms
Role and Responsibilities
The firm’s varied and broad client base is taking an increasingly more sophisticated approach to their engagement of external counsel. A&O Shearman has recognised these client expectations and has created a specialised dedicated team of contract law experts who are working cross-jurisdictionally.
This is an exciting opportunity to take on a new and unique cross-departmental role, based in the growing ETT but working closely with the Data Privacy team. The successful candidate will:take the lead on identifying and advising on key contractual terms in often complex client engagement terms, with a particular focus on data privacy, information security and artificial intelligenceidentify and provide pragmatic and directive support and advice on complying with relevant terms in the context of the firm’s global business operations, including incident responseMaintain a detailed record of relevant key terms, leveraging technology solutions to analyse, advise and report on the terms and their implications for the business
This role will involve working closely with other global teams, in addition to Data Privacy, including Marketing and Business Development, IT and Information Security.
Other key aspects of the role are:supporting the work of the ETT and Data Privacy teams in this areaestablishing and maintaining good relations with key stakeholders and contributors coordinating internal review teams, where relevant, including designing briefing documents and playbooks for review processesdeveloping and delivering training and communication plans creating and delivering presentations and reportshelping to create and maintain relevant policies, guidance and pro-forma documentationpromotion of efficient and competent service delivery, championing the use of systems to foster an environment of continuous improvement within the ETTacting as a point of escalation within the ETT in respect of key terms
Key RequirementsQualified Lawyer with strong contract negotiation and review skillsThe ability to provide pragmatic, directive and business-orientated advice on compliance with contractual obligations Excellent track record of systemising processes, ideally within a risk management environmentExperience of dealing with and advising a wide range of business stakeholders in determining requirements and priorities, as well as resolving issuesExcellent IT skills using technologies in addition to, but including, the Microsoft Office suite of applicationsAn enthusiasm for technology and the ability to understand, explain and advise on technical processes usingbusiness-friendly languageStrong organisational skills with the ability to plan aheadStrong commercial/business acumen with the ability to influence strategic thinking/direction through creative and pragmatic issue resolution with a focus on use of systems and processesA proven ability to work independently and proactively and to manage and prioritise a busy workloadExcellent communication and interpersonal skills, with the ability to interface at all levels and particularly to win the respect of the partner community, building and developing strong relationshipsCollaborative team player with the ability to nurture and work in a fast paced environment
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