Introduction to the role and Lloyd’s Market Association (LMA)
The LMA has a training contract opening on its 2026 Legal Trainee Wordings Scheme for an aspiring solicitor who is intrigued by a career in the Lloyd’s insurance market and has recently passed the LPC or SQE.
Throughout the two-year scheme, you will participate in meaningful work that benefits the market as a whole and develop specialist knowledge of insurance law and the sector, whilst being involved in cross-market initiatives and joint ventures. An example of the type of pivotal work that you may be in engaged in is the drafting of responses to FCA and PRA consultations, and assisting in the drafting of market clauses. You will also complete multiple outplacements within Lloyd’s insurers and a law firm.
You will be the beneficiary of face to face training by insurance market experts – not only will your colleagues be experts in their field but you will also attend relevant sessions from the LMA Academy. The LMA Academy is at the forefront of education for market professionals and is intent upon offering targeted training.
Upon successful completion of the scheme and therefore the training contract, you will have qualified as a solicitor and have a strong insurance focused foundation, having gained a solid understanding of insurance contracts and wordings for the products sold in the Lloyd’s market. A heightened market demand exists for the skills that you will acquire, and the scheme is designed to ensure that you develop those skills in a market setting whilst working toward qualification as a solicitor.
The LMA exists at the very heart of Lloyd’s, a world-leading global marketplace for complex risk where solutions to challenges are delivered every day. The Lloyd’s Market Association (LMA) represents the interests of all 56 Lloyd’s managing agents and all Lloyd’s members’ agents, who together underwrite approximately £56.2 billion of risk in 2025. You will therefore have the opportunity to grow your network through social events and work assignments.
Job purpose
Gaining hands on experience and knowledge through a structured training contract, you will help support the day to day running of the Legal and Regulatory team. The scheme is designed to provide you with a solid understanding of insurance contracts and wordings for the products sold in the Lloyd’s market and will include a number of outplacements with Lloyd’s insurers, and a law firm. Completion of this scheme will result in qualification as a solicitor and will allow you to take on roles within the insurance industry.
Key accountabilities
As you develop an understanding of how to produce good, standard insurance products, you will;
- Run or assist with the running of LMA committees, which will enable you to get exposure to underwriting, regulatory, legal and claims issues impacting the insurance market.
- Deal with everyday legal issues arising out of the LMA, including contract review and any matters requiring legal input from the underwriting and claims teams at the LMA.
- Liaise closely with the wordings specialists at the LMA, providing legal input on numerous clauses for the marine and non-marine committees and closely supporting the work of the LMA wordings committee.
- Undertake horizon scanning on legal issues arising worldwide where Lloyd’s does business and assist in preparing responses to regulatory and legal consultations.
- Provide legal and regulatory updates to the LMA membership.
- Liaise with other market organisations such as the Association of British Insurers and IUA.
- Respond to queries from LMA members from time to time.
- Complete placements within a managing agency, law firm or within the Lloyd’s corporation (dependent on suitable positions being available) to learn about different aspects of the insurance industry.
- In addition to the above key accountabilities, you may be required to undertake other duties from time to time as the LMA may reasonably require.
Person specification
Education and qualifications
- Excellent academic record;
- A 2.1 degree; and
- Have passed LPC or full SQE (parts 1 and 2).
General skills / qualities
- Enthusiastic at all times, even under pressure.
- Ability to quickly assimilate a wealth of information and identify the main issues is critical.
- Able to make well-reasoned decisions.
- Meticulous attention to detail.
- Strong, productive relationships with colleagues as well as clients are vital to every area of our work and therefore interpersonal skills are paramount too.
- Able to express yourself clearly and succinctly both face-to-face and in writing and you’ll know how to tailor your message to your audience, build rapport and be persuasive.
- Ambitious, driven, and inquisitive, and have the resilience to respond well to feedback and adapt to working in a changing environment.
- Proactive to question and challenge, or to put forward practical solutions and ideas that are well thought through.
Experience
None required. Any work experience or internships gained within a legal or insurance environment would be useful, however not essential.
LMA values
The LMA firmly believes that robust values at the heart of the organisation bolster its performance and enable the successful execution of strategy. We have five primary values that we strive to embody across the business in everyday practice. These are:
- Trusted: Our expertise and independence enables us to influence, support and positively impact the market
- Passionate: We are committed to help the market succeed and achieve great outcomes for our members
- United: As a representative voice of our members, we connect and work as a team with our communities to achieve the best outcomes for our members.
- Bold: We strive to be courageous in what we do, allowing us to lead, challenge and think innovatively
- Inclusive: We enrich the marketplace by developing people and seeking ideas from a wide variety of backgrounds, cultures and skills. We embrace a diverse and flexible workplace and take action against non-inclusive behaviour
By encouraging these values internally, the LMA hopes that they will permeate beyond the business and into the marketplace, helping create a more dynamic, modern, and productive working environment.
Employee benefits
The LMA offers a comprehensive package of employee benefits. These include but are not limited to:
- A competitive pension package with a generous employer contribution.
- An industry-leading flexible working policy, built on trust. We enable our employees to choose how and where they work, at the LMA’s office in London EC3, or elsewhere in the UK, providing that it suits the interests of our members, the LMA team and themselves. We welcome an open discussion on flexible working and your overall working environment so we can explore solutions that suits both the business and the individual.
- 26 days paid holiday, plus additional leave for key life events such as moving home, your child’s first day at school and your marriage or civil partnership.
Please note that all applicants must read and agree to our Candidate Privacy Notice before submitting an application. The Notice is available here: https://lmalloyds.com/candidate-privacy-notice.
