Legal Counsel

We’re looking for a Legal Counsel to help deliver our UK productive assets strategy to help support our Pensions Investment Management team. This permanent position is based in London with hybrid working.

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.

Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.   

As Legal Counsel, you’ll provide expert legal support across a diverse range of investments and projects, from infrastructure and private equity and infrastructure to capital markets and regulatory initiatives. You’ll work closely with investment teams and external partners, negotiating documentation, managing legal risk, and ensuring compliance. This is a broad, hands-on role where your advice will directly influence Railpen’s strategic direction and help us build strong partnerships across the public and private sectors.

This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.

We’re looking for a qualified lawyer with 2–4 years’ post-qualification experience, ideally with in-house or client secondment experience. You’ll have a strong transactional background covering areas such as fund investments, M&A, partnerships and joint ventures with proven ability to negotiate legal documentation and advise on regulatory matters. This specific role will have a primary focus on supporting the Private Markets team on indirect LP investments, but will be expected to work across various specialisms so expertise advising financial institutions and infrastructure sector experience would be beneficial, institutional investors in this area would be preferential.

Experience working collaboratively with diverse teams and engaging confidently with stakeholders is essential.

You’ll be proactive, curious, and eager to develop new skills. Strong communication and project management abilities are a must, along with a culture of risk awareness and a commitment to compliance and teamwork.

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members. 

• A competitive salary (depending on experience)

• 28 days annual leave plus bank holidays

• Generous annual bonus plan

• We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay

•  4x Life Assurance cover

• Colleague referral scheme

• Private Medical Insurance

• Employee assistance programme

• Health cash plan

• Eye care vouchers

• Flu vaccination

• We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave

• Buy and sell holidays

• Give as you earn scheme

• Paid volunteering days

• Flexible half days leave

• Electric vehicle leasing

• Cycle to work scheme

Please apply for the apply button or visit Careers Page by 5pm on 23rd January 2026.

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.