Back in the London office, I am now working in the Property department which is expanding by the minute with three new recruits: Louise Kyle, Simon Folley and Hetan Ganatra. The team is extremely welcoming (on my first day in the department we all went for team drinks) and a pleasure to work with.
As the only trainee, there is a great deal going on and a lot of responsibility from the outset; especially in the run up to Christmas - always a busy time of year. Working for every fee earner at the same time is demanding but really does enable you to get to know the whole team very well and to experience, first-hand, a wide variety of property work.
The majority of work carried out relates to commercial property but, occasionally, residential conveyancing as well. I have had the chance to get involved at all stages of the property transactions; from setting up files and carrying out property searches through to drafting documents, research and post-completion matters such as SDLT applications. I have also been given the opportunity to run some of my own files which has been very rewarding. Overall, it has been a very interesting and enjoyable seat and I have learnt a great deal. The Fortnum & Mason hamper that I received as a Christmas present from the Partners in the department was a lovely way to mark the end of a great seat!
On the social side of things, there has been a huge amount going on. The festive period saw endless in-house festivities such as the delicious Christmas lunch in our fourth floor restaurant (another amazing performance by the WFW in-house catering team), the charity fundraisers and the inter-departmental Christmas decoration competition. The much anticipated Christmas party at LSO St Luke's was also great fun and a fantastic venue. All in all, a great finish to another year at Watsons!
I am at the end of my seat in the Asset Finance department in Paris, which has been a great experience. Paris is a fantastic city and four months has been long enough to fully integrate myself into the team and to learn a great deal (as well as enough time to see all the sights and get a real feel for the Parisian way of life).
The office on the Champs-Elysees practices both English and French law. My colleagues have been very welcoming and a pleasure to work with. Although growing, the English law team is smaller than the teams in London meaning you get a lot of responsibility from the start and a chance to be involved in every transaction.
As well as the usual trainee tasks, such as keeping on top of conditions precedent and instructing foreign counsel, I have also had the opportunity to draft a variety of security documents for various transactions and restructurings and have been lucky enough to prepare for and attend various signing meetings and closing lunches.
I have assisted with the transfer of a bank’s loan portfolio which has included transferring the role of Lender, Agent and Security Trustee in over sixty transactions involving jurisdictions all over the world. This has required good organisational skills and so was very satisfying when I closed my very own transfer!
I have also experienced Project Finance, assisting with a wind farm financing. If you thought there were a lot of CPs involved in Shipping, you should see what’s involved for Projects!
Overall, I feel that my time in Paris has been very beneficial and enjoyable. I have learnt a huge amount, met some wonderful people and will go back to London with a good understanding of Shipping Finance. I will be sad to leave!