Legal Intern London, England
Job description
Who we are:
Zilch, the world's first Commerce Card, is a UK-headquartered payments technology company, known for creating the Googlisation of Payments. Our mission is to create the best and most empowering way to pay, for anything, anywhere our customers want to spend. Using Zilch's virtual Mastercard that sits in a customer's digital wallet, Zilch combines the best of debit, credit and savings. Meaning our customers can either earn rewards on debit payments in the form of instant cashback ('Pay in 1') or spread interest-free repayments over six weeks ('Pay in 4'), bringing them financial choice and maturing their credit profiles.
This is uniquely made possible by the proprietary Ad-Subsidised Payment Network (ASPN) that Zilch has built, which in cookieless world enables merchants around the world to connect directly with the millions of Zilch customers they otherwise couldn't reach and offer them savings, deals and discounts.
By vertically integrating with consumers, rather than with merchants, Zilch allows customers to pay using either reward-earning debit or interest-free credit, both online and in-store, anywhere Mastercard is accepted. To ensure we are helping our customers to manage their cash flow responsibly when they make credit payments, we set dynamic borrowing limits using best-in-market data from leading credit reference agencies, open banking technology and behavioural data analysis. Together these generate a real-time, comprehensive, 360-degree view of a customer's affordability profile, allowing us to set personalised borrowing limits accordingly. To further bolster our customer safeguards, we are fully regulated by the Financial Conduct Authority, having obtained a consumer credit license prior to our launch.
Since launching as an FCA regulated business in the UK in September 2020 and in the US in May 2022, Zilch has amassed over 3 million customers in 24 months and turned gross profitable – years faster than other well-known fintechs. In that time, we have provided our customers with over £80 million in aggregate rewards and savings on fees and interest. Zilch is Europe's fastest-ever company to go from Series A to double-unicorn status, in just 14 months, after raising capital at a $2bn valuation in November 2021 and maintaining that valuation in a subsequent equity funding round in Summer 2022.
We are looking for a talented and creative Legal intern to work closely with our legal team based at our London office. You'll have a passion for the law, a curiosity for learning and will create real value.
Start date to be confirmed but we would be looking at someone to join on or around 15 May and continue with us up to and including 7 July 2023.
You will be expected to be available for the whole placement period so please let us know in your covering letter if you have any holidays or other leave planned during that period.
Primary responsibilities
- Working with the legal team to provide support to the business on a variety of legal issues
- Assisting with the review, drafting and execution of a wide range of commercial agreements and legal documents
- Working with the legal team on managing legal operations to help establish, evaluate and improve processes
- Organising and managing legal matters and our contracts database
- Assistance with general administrative duties when required
Requirements
- At least in your second year of an English law degree or if you are a non-law degree graduate, you have started studying towards your Graduate Diploma in Law (GDL) or the SQE
- An appetite to qualify as a solicitor practising in England and Wales
- Passion for the law and learning – you have a genuine interest in the law and a curiosity to learn and apply what you have learnt in what you do
- Outstanding communication skills – you make the complex simple, concise and digestible
- Meticulous attention to detail, but you have a bias to action and get stuff done
- Ability to operate independently and effectively in a dynamic environment and to navigate amid uncertainty
- Can-do, problem-solving attitude – solving the problem is just as important as identifying the risk
Benefits
- A salary of £500 per week
- A programme that includes exposure to a wide variety of legal work and business areas with some fun thrown in for good measure
- Hybrid approach of in-office and remote working – three days a week in our cool offices at WeWork on Buckingham Palace Road in London.
