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birmingham's banking and corporate seat - what's it like?

6 December 2012

The corporate team advises clients across a wide range of sectors on a variety of differing matters, including share and asset sales or purchases, management buy outs, private equity transactions, shareholders’ agreements and corporate governance. The team also assists with the restructuring and streamlining of businesses.

The banking team typically advises banks and borrowers on the funding side of corporate acquisitions, general cashflow lends and real estate finance transactions (both development and investment). It also undertakes a variety of other work including review of local authority finance documents, assisting with corporate due diligence projects and in particular has a focus on the healthcare sector.<

As a trainee, you will be expected to assist with: preparing and filing Companies House forms, drafting ancillary documents in respect of transactions (which will involve, amongst other things, compiling, updating and distributing the list of transaction documents), drafting board minutes, powers of attorney, share certificates, indemnities for lost share certificates, company books and registers, deeds of release, security documents such as legal charges, debentures and keyman assignments, MG01 forms, director’s certificates and legal opinions.

You will often be the co-coordinator of the process leading up to completion (conditions precedent); this may include preparing the due diligence report in respect of corporate transactions, keeping all parties up-to-date on overall progress and assisting with completion meetings. You will also often deal with post-completion matters (conditions subsequent); for example chasing third parties for information and documents and producing further documents.

Both teams are compact, so you will receive excellent one-to-one feedback and training sessions. Workloads are generally manageable, but when a completion nears, you may be required to work longer hours if the timetable necessitates this. This is especially true if you have multiple completions in a short space of time. You are strongly encouraged to take on as much responsibility as you feel comfortable with; as you grow in confidence there should be opportunities to contribute to key transaction documents such as share purchase, facilities and intercreditor agreements. You will also have many opportunities to be involved with business development and meeting clients as both teams have a strong focus on this.