Legal Counsel

Allica Bank

Allica Bank

London, UK · London, UK
Posted on Tuesday, June 11, 2024

About Allica bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers

Department Description

The legal team cover all aspects of life at Allica from commercial contracts, IP and employment to product design and everything in between. It’s a very fast-moving environment where no two days are the same. Our solution focus and desire to get a proper understanding of what our customers want and what the business is trying to deliver means that we can make a real difference in helping the company achieve its objective to be the most recommended for customers, colleagues and stakeholders.

Role Description

  • Straightforward and effective advice to facilitate the objectives of the business covering a variety of matters including general banking and regulatory matters, contracts, new product design and documentation, client issues, employment, commercial (including M&A), IP, IT, litigation, marketing and advertising, ecommerce and data protection
  • The business in terms of new and existing business initiatives with the customer as the primary focus
  • The business is protected, legally compliant, has certainty regarding its rights and obligations and is effectively risk-managed

Principal Accountabilities

  • To and regularly meet with the GC
  • Legal advice and support to the GC and other stakeholders in the business
  • On UK banking and financial services law and regulatory matters
  • Negotiate and advise on a wide variety of commercial contracts with our strategic partners including forward flow and white label arrangements
  • And provide support to the business on new product development including drafting product collateral
  • On employment, intellectual property, property matters and anything else the business needs
  • Up to date with relevant changes in the law and share knowledge with the team, in particular to make sure regulatory changes are planned for and advised upon in good time
  • Others in the team so we are all continuously learning and growing together

Personal Attributes & Experience

  • 7-8 years qualified English lawyer
  • Ability to take the lead in commercial contract negotiations and drafting
  • In-depth knowledge of contract law concepts with an understanding not only of common legal provisions but also the ability to provide a commercial and pragmatic overlay
  • Strong understanding of the interplay between legal and business risk
  • Experience in financial services, in particular lending
  • Highly motivated with the ability to work independently and as part of a team
  • Excellent communication and drafting skills

Beneficial experience:

Private practice and in-house legal experience

Recent experience in M&A

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.


We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

  • Full onboarding support and continued development opportunities
  • Options for flexible working
  • Regular social activities
  • 25 days holiday – with the option to Buy/Sell
  • Pension contributions
  • Discretionary bonus scheme
  • Private health cover (with the option to add family members)
  • Life assurance
  • Income Protection
  • Family friendly policies including enhanced Maternity & Paternity leave
  • Season ticket loans