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Job Title
Infrastructure, Energy, Resources and Projects (Banking) Associate
Department
IERP Banking
Office Location
London
Reports To
Group Manager
Working Hours
35 hours per week, 9:30am to 5:30pm but additional hours may be required. We are happy to consider agile and flexible working patterns. Our approach to hybrid working allows for up to 40% of time working from home and 60% working in the office, please contact a member of the recruitment team to discuss further.
Firm Description
Hogan Lovells is one of the leading global law firms. Our distinctive market position is founded on our exceptional breadth of our practice, on deep industry knowledge, and on our ’one team’ global approach. Formed through the combination of two top international law firms, Hogan Lovells has over 40 offices in the Americas, Asia-Pacific, Europe, the Middle East and Africa.
With a presence in the world’s major financial and commercial markets, we are well placed to provide excellent business-oriented advice to our clients locally and internationally. Our people are the key to our success, which is why we seek to recruit and retain the most talented individuals in all regions of our global practice.
Department Description
Hogan Lovells’ global Infrastructure, Energy, Resources and Projects (IERP) practice is one of the largest and most diverse in the world, operating out of 18 offices. In recent years, our global team has advised on more than US$250 billion of closed infrastructure deals. We regularly represent project sponsors, investors, lenders and financial institutions, contractors, funds, insurers and governments on some of the world’s largest and most challenging projects in Asia, Africa, Europe, Latin America, the Middle East, and the United States.
The UK team is “Tier 1” ranked in Legal 500 for “Infrastructure: Project Finance And Development” and deals with work across a broad spread of industry sectors for clients ranging from sponsors, funds, commercial banks, development and multinational lending institutions to governmental bodies.
The Banking IERP team focusses more on the financing aspects of infrastructure and energy transactions and deals with a broad range of domestic and international infrastructure and energy finance work across the full lifecycle of infrastructure assets, including the most innovative projects to come to the market. These include primary market and project development transactions as well as brownfield structured infra/energy finance, infra and energy M&A finance, refinancings, fund financings, corporate facilities and secondary markets work. We have a reputation for successfully closing the most complex deals constructively and efficiently.
The Banking IERP team sits within and is part of the large wider London Infrastructure, Energy, Resources and Projects team which also includes a range of partners and lawyers specialising in the more commercial side of transactions, such as project development and implementation agreements, EPC and O&M, PPAs, concessions, infra M&A and equity investments etc. The teams are fully embedded in one group and finance and commercial colleagues work together very regularly across a range of deals and matters for clients.
Representative Experience
In the energy transition space, recently advised UKIB and Centrica on the £300 million equity and debt project financing of Highview Power’s first of a kind commercial-scale liquid air energy storage (LAES) plant in the UK. The investment will enable the construction of one of the world’s largest LAES facilities in Carrington, Manchester. Also advising UKIB on its financing of the £2.4Bn Neuconnect energy interconnector project between UK and Germany and Sponsors on an African interconnector project.
In the utilities sector, advising UK water companies on financing needs including the first UK sustainability linked bond issuance; advising one of the world’s largest infrastructure funds on its £1bn common debt platform to fund its last mile fibre, electricity and gas business.
In the renewables space, advising some of the biggest sponsors and lenders active in this sector, including the lenders to a large infra fund on financings of 18 onshore wind farms in Ireland and two large hydro projects in Wales; lenders to infrastructure funds on their series of offshore wind transmission projects (OFTOs) acquisitions across the UK including recently the £700m Moray East OFTO and £900m East Anglia One OFTO; advising IFC on a pathfinder waste to energy project in Serbia; advising the borrower project company on the €1.6bn Merkur Offshore Wind Farm; advising lenders on HoldCo financings of portfolios of solar/wind and other assets and of platforms of renewable assets.
In power, water and emerging markets sectors, we act for most of the leading multilateral and development finance institutions (DFIs) on the full range of emerging market power, water and renewable project financings, across Africa, Middle East and CIS states among others. Examples include solar projects in Kenya, Jordan and Zambia, hydro power in Sierra Leone and Armenia, geothermal power in Ethiopia, conventional power in Ghana, solar combined-cycle in Oman, water in Uzbekistan, petrochemical in Oman.
In the digital and telecoms space, advising lenders and sponsors to telecoms companies and infrastructure funds on the financing of modernising state-of-the-art digital, telecoms and satellite infrastructure, including many fibre-to-the-home/premises roll-outs across the UK, Spain, France; telecoms towers in Ireland and Africa, a number of large African and Asian multi-jurisdictional satellite projects; mobile telecoms network financings across Africa.
In core infrastructure project finance, we advised, for example, on the £1Bn Silvertown Tunnel Project advising the lenders to the Macquarie, SK, Cintra, Aberdeen and BAM consortium on the financing of the Silvertown Tunnel Project in London; a consortium on the bid for a motorway project in Norway; lenders to a bidder on the Czech D4 highway project; advising financiers on a range of healthcare and education projects in Manchester, Liverpool and Edinburgh.
In transport, advising the UK’s second largest port operator on its £750m financing and an infra debt fund on its financing of a UK trust port; Cross London Trains on its refinancing of a £2bn rolling stock project; lenders to light rail projects on the financing, refinancing and restructuring of financing arrangements; the project company on a bid to acquire a €2bn Greek road concession in Athens; financing and refinancing of various transport assets including the acquisition financing of and refinancing of many UK and international airports and ports.
In infra and energy M&A, advising a major infrastructure fund on its investment alongside KKR in Zenobe, the EV fleet and battery storage solutions manager; advising lenders to a large infra fund on the c.£500m acquisition and roll-out of smart meters across the UK and Europe; lenders to a large infra fund on the acquisition of Glasgow, Aberdeen and Southampton airports.
In infrastructure and private equity financing, advising many of the market’s biggest infrastructure fund players on their raising of debt and facilities to help fund their project bids and operations, to fund acquisitions and bridge equity capital raisings and advising on the establishment of a series of infrastructure debt funds. Also advising on the funding requirements of a number of key infrastructure fund clients, including ongoing subline facilities, the financing of subsequent asset acquisitions, refinancings and sales.
Advising funders on a wide range of distressed assets and restructurings across a number of infrastructure industry sectors including energy from waste, transport and healthcare.
Key Responsibilities / Accountabilities
Main Duties and Responsibilities:

Technical Ability:

• Understanding of legal principles of own practice area, along with a working knowledge of other practice areas
• Has project management responsibility, ensuring timely delivery to high quality standards
• Stays aware of legal developments affecting any specialist areas and regularly attends appropriate training sessions

Client Focus

• Has good working relationships with clients
• Has a good understanding of client, the sector and the associated risks and opportunities.
• Actively works to develop and strengthen new client relationships

Team Work and Interpersonal Skills

• Acts as a source of advice to others, sharing knowledge and expertise
• Has strong relationships and profile amongst senior colleagues
• Ability to work effectively with others

Firm Mindedness

• Understands the industry and market in which the practice team and clients operate
• Contributes to the management of the group/practice area by understanding the firm’s capabilities and business plan
• Takes an active role in managing the firm’s reputation both in and out of work
• Understands the responsibility to give back to our communities.
• Understands the value of a diverse workforce

Specific duties or responsibilities may be reviewed from time to time to reflect changes in personnel and management structure, staff location or services.
All members of the firm participate in our Responsible Business program.
Person Specification
The Candidate
We are looking for a banking lawyer with infrastructure, energy and project finance experience, ideally 1-3 PQE (or equivalent experience). Candidates should ideally have experience at a major UK or US based firm in the City. It is essential that the candidate has a strong academic background (minimum 2.1 degree) with excellent written communication and drafting skills.
The successful candidate will also have outstanding technical skills, together with the ability to build relationships with clients and colleagues and work well in a team.
In return, Hogan Lovells offers excellent training and development, a superb working environment together with a competitive salary and benefits package.
Agile Working Statement
Our goal is to embed flexibility across our business by giving everyone the opportunity to work in an agile way, whether as a regular pattern or on an ad hoc basis, and we will be happy to discuss this further.
Equal Opportunities Employment Statement
It is the policy of Hogan Lovells to provide equal opportunities for all employees in relation to recruitment, training and promotion. Decisions in these areas will be made only by reference to the requirements of the job and shall not be influenced by any consideration of racial or ethnic origin, religion, sex , gender and gender identity, age, sexual orientation, marital and civil partnership status, pregnancy or disability.

LI-WS

Please refer the Job description for details