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Our Financial Industry Group acts at the cutting edge of the financial sector, advising on cross-border transactions for clients including multinational organisations, global banks, and financial institutions. Our graduates benefit from being part of one integrated team, renowned for its global strength and capabilities. As a group, we offer graduates the opportunity to gain experience from the full spectrum of financial services, including structured finance, lending, investment management, restructuring and insolvency, and financial regulatory transactions. Additionally, we are market leaders in the hot topics of financial innovation, including impact investing, alternative financing, and FinTech.
Tell us about joining Reed Smith? I did a vacation scheme at Reed Smith in 2009 whilst I was at university, and joined as a trainee in 2012. I had a great and really varied training contact, in the London office I did seats in Funds, Structured Finance and Energy and Natural Resources – Derivatives, and I also had the opportunity to go on secondment to the Reed Smith Abu Dhabi office, to do my litigation seat. I qualified into Structured Finance (which is a sub-team within the Financial Industry Group) in 2014, and was promoted to Senior Associate 5 years later, in 2019. What are you working on now? I am currently really busy on the Firm’s IBOR transition project. Inter-Bank Offered Rates (or IBORs – such as LIBOR) underpin so many of our deals – whether it’s an interest rate on a bank account, or publically traded notes which carry interest linked to IBOR. IBORs are being discontinued at the end of 2021, meaning all our affected deals now need assistance with moving to a new rate. The Firm has developed some cutting edge ‘AI’ technology, which we are pioneering on this project alongside our legal expertise, it’s a really interesting one to be involved in! What next? Last year I worked on a crypto asset deal, it was a market leading deal and was an interesting indicator of where market appetite currently lies. The programme (which was initially established for Bitcoin) has built in scope for expansion into other crypto assets – so I will be interested to see how this sector of the market develops and innovates over the next few years.
Next generation law Reed Smith 17 ” We are market leaders in the hot topics of financial innovation, including impact investing, alternative financing and FinTech.
Katie Grace Associate
16 Reed Smith Next generation law
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