Morgan Lewis Bockius Training Contract UK

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Strong global
reach: 24
offices
Exciting and
dynamic client
base
collegiate
culture
London office’s
close
connection to
the firm’s
Moscow office
Emphasis on
client
relationships
Leading energy
practice
2

 Strong global reach:
 a network of 24 offices across the
US, Europe and Asia
 cross-border work with colleagues
from the firm’s overseas offices.
 new perspectives, ideas and allow
me to see how my contribution fits
within the bigger picture.
 Exciting and dynamic client base:
 represents more than half of the
Fortune 100 companies and it
works with approximately 2,000
new clients and on 20,000 new
projects each year.
 This will expose me to high quality
work and provide me with an
insight into different business
structures and industries.
3

 Collegiate culture
 Tightly-knit teams
 Hands-on responsibility and
involvement in my day-to-day work
and learn from the firm’s
professionals.
 Pleasant environment
 London office’s close connection
to the firm’s Moscow office:
 Exposure to challenging and
cutting-edge matters, local markets
 2 jurisdictions
 Close liaison with Moscow office-
Language skills & Knowledge
4

 Emphasis on client relationships
 Trainees encouraged to build
strong relationships with clients
and actively participate in client
calls and case strategy meetings.
 Leading energy practice
5

 Antitrust
 Business & Finance
 Emerging & Growth Businesses
 Employee Benefits
 Immigration & Nationality
Services
 Labour & Employment
 Life Sciences
 Litigation
 Nuclear Energy
 Private Investment Funds
 Tax
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 Morgan Lewis advised Itera Oil and
Gas Company on its sale of 49% in the
joint venture (Itera Oil and Gas
Company LLC) to Russian state
company Rosneft.
 Itera Oil and Gas Company LLC was a
joint venture that Rosneft and Itera Oil
and Gas Company created in August
2012 to develop gas fields in the gas-
rich Yamalo-Nenets autonomous region
in the Russian Arctic. Morgan Lewis
assisted Itera with the formation of the
joint venture in 2012.
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 Morgan Lewis served as English and
Russian legal adviser to the Russian
state development bank
(VEB/Vnesheconombank) on the EUR
1.5 billion offering of Eurobonds.
 "VEB is an important institution for the
Russian economy, and we are delighted
to have advised it on this major funding
transaction. This offering is significant
in that it is VEB's first-ever Eurobond
offering denominated in Euros and is of
benchmark size."
8

 An international Morgan Lewis
team advised Norway's Statoil on
the negotiation of shareholding and
operation agreements for four
Russian continental shelf field
exploration JVs with Rosneft
9

 The financing agreements for VTB
Bank's VTB Arena were signed in
Moscow in a recent ceremony attended
by Russian Prime Minister Dmitry
Medvedev and Italian Prime Minister
Mario Monti.
 VTB Bank has borrowed a €500 million
loan for the construction of the stadium,
which has been heralded as one of the
Russian Federation's largest
development projects.
 The stadium will be a focal part of the
2018 FIFA World Cup, which will be
hosted by Russia.
10

 Itera Oil and Gas Company (gas
explorations in Arctic)
 Vnesheconombank ), the Russian state
development bank
 EDF Energy
 Norway's Statoil
 VTB Bank (financing of VTB Arena/
largest development in Russia/ 2018
World Cup)
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Commercial
and Legal
Work
Exposure to
Sectors and
Clients
Understand
climate in
which clients
operate and
challenges
they face
Ever-changing
requirements
Globalisation
of Commerce-
cross-border
work & novel
problems
International
Teams
New ideas,
approaches
and lateral
thinking
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 Good mix between commercial and
legal work.
 Deep exposure to different commercial
sectors and clients
 Understand the climate in which client
operate and challenges and
opportunities they face / ever-changing
requirements.
 with the globalisation of commerce I
will be presented with novel and
complex problems.
 Work in international teams to discuss
and develop ideas into solutions and
think about problems creatively.
 Privy to different ideas, approaches and
lateral thinking
 Challenging and intellectually
stimulating work.
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Editing and
Proofreading IPO
Memorandum
for household
luxury brand at
the printers as
parties were
making real-time
amendments
Given random
pages for
proofreading for
gram. Errors and
conformity with
in-house style.
Submitted pages
to printers for
processing who
then returned
processed pages
to me.
Parties worked
on several drafts
of the
documents,
difficult to keep
track of pages.
Log book- when
pages subm. For
processing &
returned to me.
Helped me to
manage my
workload.
Reduced lead
time for
processing.
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 When running my business in the
[intentionally omitted] sector, I
came against immense pressure
from competitors. As a result, I
restructured the business by
focussing on [intentionally omitted]
and established a unique business
model aimed at helping
underperforming businesses to
restructure in the business-to-
business sector. This gave the
business a unique selling point and
bolstered its competitiveness.
15

[intentionally omitted]
worked with Moscow
& London offices in
order to translate and
proofread w/s
W/S differed in length.
Members proposed to
split up each W/S &
distribute workload
equally.
Disagreed with this
approach- could lead
to inconsistencies as
different
interpretations could
be used for similar
phrases- confusion.
Allocated to members
acc experience, ability
& capacity
Working list of
commonly recurring
phrases- agreed on
translations- helped
with consistency.
Members who
finished, proofread
translations and made
improvements.
Successful approach-
finished task on the
deadline + to high
standard.
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 At [intentionally omitted], I drafted
an executive summary for a case. I
analysed each issue in the context
of the client’s business and industry
and explained how each issue
related to the client’s overall
requirements. I demonstrated a
good sectoral knowledge by
analysing technical issues relating
to the client’s business activity.
17

 At [intentionally omitted], I gave a
short presentation during a board
of directors EGM in order to
explain local nuances affecting the
client in Russia. I successfully
applied my understanding of the
client’s business and the
environment in which they operate
by explaining the relevance of each
issue to the client’s overall
objectives.
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 Good client-facing skills
 [intentionally omitted], first port of
contact for a Russian client.
 Corresponded with the client,
participated in all meetings and
conference calls and accompanied
the client to a Board of Directors
EGM.
19

 At [intentionally omitted], I was
asked to brief a partner on a case
when the supervising partner was
away. I provided the partner with
an overview of the background to
the case and explained the main
issues in the case and our progress.
This provided the partner with a
clear idea of the next steps she
needed to take.
20

 At [intentionally omitted], I worked
closely with the firm’s London and
Moscow offices when proofreading
and amending witness statements.
I played a proactive role by sharing
my ideas and perspectives with
other team members. I kept a
check on time, suggested ways to
improve our work and helped
others with their workload, which
helped us to meet a tight deadline.
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First week at
given reading materials
and told there was a
lack of authorities on a
legal principle on which
solicitors were relying
in their submissions.
Read the materials
quickly, came across
secondary sources refs
to legal principle
Retrieved relevant
articles & picked out
the case law
Studied cases &
decided which were
relevant to our facts of
the case.
Compiled a table of rel.
Case law and citations
which were incorp. Into
our submissions.
22

 [intentionally omitted], when
finalising a memorandum for an
IPO @ the printers, I updated
several versions of a memorandum
in real time to incorporate the
comments of different parties to
the discussion.
 Handed random pages, which I
proofread, amended & handed to
printers for processing.
 Near impossible to keep track of
every page- kept a log book of all
the pages.
 Prioritised different pages
according to their relevance &
number of comments.
23

 Established an [intentionally
omitted] at my university. Sports
Committee was reluctant to allow
the club due to health and safety
risks. I set up a society and lobbied
the uni for a boxing club and
attended numerous negotiations.
When the club was established I
became the president and was
responsible for overseeing all the
executives and growing the club.
24

 In 2012, I established an
[intentionally omitted] business. I feel
that this is my most important
achievement because I developed an
innovative business model that
focuses on providing [intentionally
omitted] in the retail market and
helping [intentionally omitted] to
restructure their operations to
increase their competitiveness and
profitability. I feel that this is an
important achievement because I
have successfully grown the business
in the retail and commercial markets
in a challenging economic climate. I
feel that the experience of running
this business has significantly
strengthened my commercial
awareness and interpersonal skills as
I am constantly assisting the director
with legal, financial and management
issues and adjusting the business
model to the requirements of
different businesses.
25

 [intentionally omitted] - 2 docs.
26

 [intentionally omitted]
 run [intentionally omitted] sessions
at my local gym.
 School, regularly represented my
borough and England in
competitions.
 At university, I pioneered an
[intentionally omitted] for the first
time in fifty years and was the
president of the society.
 I feel that [intentionally omitted]
has honed my discipline and
enhanced my leadership skills and
resilience. By training people both
at university and locally, I feel that
I have helped others to develop
new skills and learn a new sport.
27

 I am closely involved with my local
community and help people with
their legal and administrative
matters.
 I take a keen interest in the current
affairs and enjoy reading literature
books.
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 global shale gas revolution
 can potentially play an important role in
re-shaping the global energy landscape.
 In 2000, shale gas accounted for just 2
per cent of US natural gas supplies: by
2012, that had risen to 37 per cent.
 early transition phase and fraught with
challenges hence a very topical subject
area.
 Significant: opening up competition in
the energy industry by breaking up
large monopolies.
 Interested in the developments in the
shale gas industry because currently it
is estimated that despite large reserves
of shale gas, only a small fraction is
extractable which puts the entire
commercial viability of shale gas into
question.
29

 US Marcellus field has unbounded
production potential.
 The only thing that’s limiting its
potential is infrastructure constraints
 Helps to satisfy growing demand for
energy/ can reduce gas imports
 Increase consumer purchasing power
by reducing energy prices
 Lower gas prices improves the
competitiveness of energy intensive
industries
 Attracts foreign investment and creates
local opportunities
30

 Hinders the transition to renewable
energy- reduces fossil energy prices
thus making renewable energy
expensive
 Harms the environment – water
contamination
31

 Fall in Sterling- good for exports and
UK industries
 Austerity- reduced people’s spending
power through cuts
 Monetary Policy, Mark Carney-
Forward Guidance:
 Consumers and companies will feel
more relaxed about borrowing if the
central bank reassures them it does not
intend to put rates up soon.
 On the whole, guidance seems to buy
stability when initially deployed, at the
cost of greater volatility later.
32

 The promise that rates will stay low for
long may be impossible to keep if the
recovery arrives sooner than initially
expected. The BoE would then have to
renege on its commitment, tightening
policy to stop inflation from getting out
of hand.
 7 per cent unemployment threshold the
Bank will use to inform its decision on
when to tighten monetary policy.
33

 7 per cent unemployment threshold the
Bank will use to inform its decision on
when to tighten monetary policy.
34

 One of the two big cartels controlling
the potash market has fallen apart after
a leading Russian producer of the vital
ingredient in fertiliser announced its
withdrawal from the group, sending
sector share prices tumbling.
 Uralkali pulled out from BelarusKali
export cartel after it accused its
Belarusian partner of violating an
agreement and selling outside the
partnership.
 Uralkali predicted the potash price
would fall 25 per cent after the end of
the arrangement.
35

 Following Uralkali’s decision, a
combined $20bn was wiped from the
market capitalisations of seven leading
potash producers.
 With Uralkali selling through its own
trading company and producing at 100
per cent capacity, “we expect the
competition on the potash market to
increase, which will put pressure on the
price that might go to under $300 per
tonne by the end of 2013”
 The outlook for potash is linked to
expected world demand for food and is
being closely watched by BHP Billiton,
the world’s largest mining group by
market capitalisation. BHP is trying to
decide whether to take a substantial
step into the market by committing
billions of dollars to the development
of a mine in Canada.
36

 It appears that today's stock action
made the acquisition of a potash
company more attractive that the
development of a mine for BHP
Billiton. The elimination of the cartel
makes mergers more attractive. I
suspect investment bankers have
already booked plane tickets for
company visits.
 Spats between companies of 2 nations
and then come out make sensational
words in front of public is price
manipulation. The sell off stake of
company ahead of bad news that appear
not be public information is strong
evidence of insider trading.
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