Legal Intern, Upgrade
Summer Undergraduate
Paid internship at $29.00 per hour
More information about location
Offering responsible credit to mainstream consumers
Be an early applicant
Offering responsible credit to mainstream consumers
1001+ employees
Be an early applicant
Paid internship at $29.00 per hour
More information about location
1001+ employees
Company mission
To help our customers move in the right direction with responsible financial products that put more money in their pocket.
Role
Who you are
- Must currently be enrolled in an undergraduate program at a US accredited college or university, with a graduation date of Spring 2025 or later
- 1-3 years of strong undergraduate academic performance with a demonstrated interest in the legal field
- Basic experience with Microsoft Office products (including Excel), project management software, or contract lifecycle management (CLM) software; low-code software and/or data entry experience is preferred
- Exceptional project management and time management acumen
- Excellent analytical and problem-solving skills with meticulous attention to detail
- Eagerness to learn about the fintech industry and in-house commercial legal practice
- Ability to manage multiple tasks, work independently, take ownership of tasks, and meet deadlines
What the job involves
- The Contracts Intern - Legal will provide key project support to Upgrade’s commercial legal team in San Francisco
- In this role, you will help build commercial contract processes, improve data-driven legal technology implementations, and work closely with attorneys and contract managers to meet legal department objectives
- As an intern on the legal team, you’ll play an important role in improving a high-growth legal department’s contracting processes
- You’ll learn a lot and have ample opportunity to apply it
- Assist with maintaining an efficient contract repository and auditing, organizing and archiving contracts in accordance with department processes
- Track, update and improve contract data in contract lifecycle management tools
- Assist attorneys and contract managers with routine requests and the management of contract workflow processes
- Provide general and administrative support for legal department projects and legal technology implementations as needed
- Approximately 3 months (targeting mid May through mid August)
Our take
Most credit cards don't encourage the owner to pay down their debt. The longer it takes to pay off the balance, the more money lenders are set to make. Upgrade is an online lender and card issuer doing things differently. The company offers personal loans and credit cards but with a fixed instalment structure and a set number of equal payments. This ensures the balance reduces every month.
The company believes this model reduces default rates, as borrowers are forced to pay down rather than maintain their debt, and it encourages a greater commitment to repay the balance. Further, by combining the ease of a Visa card with the fixed payments and decreased rates of a personal loan, Upgrade sets itself apart from competitors.
In 2021, Upgrade launched its mobile banking and debit card as a strategy to onboard new customers and increase loyalty. The fixed-rate nature of the company's cards is expected to be of use to customers in future years in an environment of rising rates. Upgrade also plans to expand beyond the U.S. in the future, which will represent new challenges for the business as it adapts to alternative regulations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
18% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Nov 2021
$280m
SERIES F
Aug 2021
$105m
SERIES E
Total funding: $547m
Company benefits
- Stock option plan
- 100% paid coverage of medical, dental and vision insurance
- Flexible PTO
- Opportunities for professional growth and development
- Paid parental leave
- Health & wellness initiatives
Company values
- Help: We help each other. We trust and care about each other. We welcome all team members and value the diversity of our team
- Improve: We are always learning. We are curious and ask why. We are open-minded and consider new ideas. We continually look to improve the way we operate
- Fast: We move fast. We launch products and process early, then test and iterate. We think ahead so that we are not rushing into things we are not prepared for. We work together to fix anything that breaks
- Own It: We act as owners. We enlist the help we need and follow through to the end. We acknowledge our mistakes and learn from them. We hold ourselves accountable as a team to reach our goals
Company HQ
Financial District, San Francisco, CA
Articles
Leadership
Renaud Laplanche
(Co-Founder & CEO)After an MBA at London Business School, Renaud spent 5 years as an Associate at Clearly Gottlieb Steen & Hamilton and co-founded MatchPoint. They then left Oracle after a year to co-found Lending Club in 2006 and co-founded Upgrade in August 2016.
Adelina Grozdanova
(Co-Founder & Head of Investor Group)Adelina started their career with 6 years at Morgan Stanley after a degree at Princeton. They left banking in 2012 to join Lending Club as VP, and after 3 years co-founded Upgrade, serving as Head of Investor Group since 2016.
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