News Spotlight Insight More Spotlights

TrustLaw training: Social enterprise and impact investing

Updated: Mon, 19 May 2014

A two-day training course for lawyers in England and WalesBack to top

Enlarge image

On 22 - 23 September 2014, the team behind TrustLaw ran a two-day accredited legal training course on social innovation. This course is designed to provide practical training for lawyers on two key areas, social enterprise and impact investing, helping lawyers understand the important issues that affect the different agents in the sector and the role they can play in shaping it.

Sessions were delivered with a mix of lectures, panels, and interactive activities facilitated by academics, lawyers, social investors and social entrepreneurs themselves, including;

  • Paul Cheng, Chair, Shared Impact
  • Katie Hill, Social Investment Advisor, City of London Corporation
  • Geoff Burnand, Chief Executive, Investing for Good
  • Tamsyn Roberts, Head of the Centre for Social Impact Bonds, Cabinet Office
  • Charlotte Pritchard, Internal Counsel, Big Society Capital
  • Luke Fletcher, Partner, Bates Wells & Braithwaite LLP
  • Rodney Schwartz, CEO, ClearlySo

At the end of this training, participants should be able to:

  • Advise on the appropriate business structure for different social enterprises.
  • Recognise the key legal issues facing social entrepreneurs to help ensure agreements and commercial documentation reflect the financial and social realities of this rapidly growing sector.
  • Have a clear understanding of some of the different tools used to inject capital into socially focused businesses, including social impact bonds and impact investment funds.
  • Understand how to negotiate the competing interests of investors, social enterprises and social finance intermediaries

Course DetailsBack to top


22 and 23 September, 2014
9.00am – 6.00pm

Thomson Reuters Building,
30 South Colonnade,
London E14 5EP

The full two-day course will cost £595 + VAT. Participants can join for one day for £375 + VAT.

Breakfast, lunch, and a drinks reception are all included in the price

The cost of the course goes to support the work of the Thomson Reuters Foundation’s global pro bono service, TrustLaw, whose mission is to spread the practice of pro bono worldwide.

This course will be accredited for 15 hours of CPD with the SRA.



The first day of the course is designed to provide participants with a “big picture” market overview of the social enterprise space in England and Wales and beyond.

9.30 - 11.00 Social Enterprise 101: The Big Picture
Providing a market overview of the social enterprise sector in the UK including definitions (or lack thereof) of social enterprise, history, key terminology and key debates.

SPEAKER: Rod Schwartz, CEO, ClearlySo

11.00 - 11.15 Break

11.15 - 12.15 Structuring Social Enterprises (I)
This lecture will cover the different types of structures and financing available to social enterprises, including:

  • Types of structures and key differences, including for profit, nonprofit, CIOs and CICs
  • Financing: grants, debt, equity, social investment, charitable/impact bonds
  • Locking in social purpose
  • Challenges in blending social purpose and financial return
  • Shareholders vs. Stakeholders

SPEAKER: Luke Fletcher, Partner and Viral Kataria, Associate, Bates Wells & Braithwaite, LLP

12.15 - 1.15 Lunch

1.15 - 2.45 Structuring Social Enterprises (II)
Interactive workshop where participants will practice advising social entrepreneurs on the right structure for them, featuring social entrepreneurs from around the UK.

2.45 - 3.00 Break

3.00 - 4.30 Through the Eyes of a Social Entrepreneur
Overview of the key legal challenges faced by new social businesses including shareholder agreements, intellectual
property, privacy policies and employee issues.

SPEAKERS: Neasa Coen, Associate Director, Berwin Leighton Paisner

4.30 - 5.00 Break

5.00 - 6.00 Global Perspectives on Social Enterprise
A panel discussion that will provide insight into the different approaches taken to support social entrepreneurship around the world focused, on the best ways to encourage growth and development in the sector.
SPEAKERS: Tom Adams, Director of Impact, Acumen Fund, Amy Parker, Chief Executive, Afrikids, Nicolas Hazard, Vice Chairman, Group SOS and Alberto Masetti-Zannini, Developement Director, Impact Hub King's Cross.

From 6:00 Evening drinks reception with TrustLaw social enterprise members



The second day of the course will deep dive into the social finance space, bringing the legal perspective to topics including impact investment fund structures, different funding models for social enterprises, and social impact bonds.

9.30 - 10.30 Introduction to Social Investment
A market overview of the social investment space in the UK covering a timeline and history of social finance in the UK, facts and figures on the size of the market, review of the “big players”, and identification of key gaps and challenges to move the market forward.

SPEAKER: Katie Hill, Social Investment Advisor, City of London Corporation

10.30 - 10.45 Break

10.45 - 12.15 Impact Investment Funds (I)
Panel discussion with fund managers discussing how they structured their funds, covering:

  • Different types of legal structures for social impact funds
  • Where gaps in the market exist
  • Future perspective on the space

MODERATED BY Charlotte Pritchard, Internal Counsel, Big Society Capital, featuring Shamez Alibhai, Partner, Cheyne Capital, Geoff Burnand, CEO, Investing for Good, and Antony Ross, Partner and Head of Social Sector Fund, Bridges Ventures.

12.15 - 1.15 Lunch

1.15 - 2.45 Impact Investment Funds (II)
Workshop that will help participants understand how to strike the right balance between social and financial returns, and key legal issues to consider when acting for funds intermediaries and investees.

SPEAKER: Christian Hertz, Managing Associate, Linklaters LLP

2.45 - 3.30 Social Enterprise Funding Models
Taking a broad look at the funding models available to social enterprises including:

  • Debt/equity investments from investors (including impact investors and funds)
  • Donor funding
  • Crowdfunding
  • Charitable Bonds & Charity Bonds
  • Tax benefits: new Social Investment Tax Relief in the UK

SPEAKER: Paul Cheng, Chair, Shared Impact

3.30 - 4.00 Break

4.00 - 5.30 Social Impact Bonds
Reviewing social impact bonds and charity bonds, including definitions, structure, case studies from the UK and global perspectives.

SPEAKERS: Tamsyn Roberts, Head of the Centre for Social Impact Bonds, Cabinet Office and David Hunter, Consultant, Bates Wells & Braithwaite, LLP.

Harvesting machines can be seen working during the opening ceremony of the Grain Harvest in Caseara, Brazil
A man is seen running after an air raid in the besieged town of Douma in eastern Ghouta in Damascus
Boy and his sister who both suffer from cancer lie on a bed at a cancer treatment center in Sanaa
A Turkana woman washes her face at a water point within Kalobeyei Settlement outside the Kakuma refugee camp in ...