Criteria for Membership 2021
There are two types of LMA membership: Full and Associate.
Full members must be financial institutions and are likely to be loan arrangers, traders and other active participants in the loan market. Associate members are likely to be law firms, rating agencies, accountancy firms, smaller financial institutions and other professionals with an interest in the market. Membership is not open to individuals.
All members must appoint a Nominated Representative who will act as the main contact with the LMA for receiving important notifications and is expected to forward such communications to the relevant parties within the member organisation.
Membership categories, subscription fees and benefits
Membership runs every year from 1 January to 31 December and the full year's subscription fee must be paid whenever an institution joins.
Unfortunately we are unable to pro rata a membership fee for those institutions joining part-way through the year. This is because, amongst other things, in consideration of the cost of the one-off annual fee, institutions obtain immediate access to all membership rights available, most notably our full suite of template loan documentation.
members of the LMA
Countries within our
£13,500 pa + VAT (if applicable*)
Full members have:
- Eligibility for Board membership.
- Voting rights at the AGM.
- The option to nominate an Alternate Representative.
- Higher allocation of places at the annual Syndicated Loans Conference in London (should that be held physically in 2021).
As well as access to all LMA documentation and guidelines, education and training events (be that virtual or physical), webinars, e-learning, legal and regulatory updates and LMA submissions, various e-newsletters, glossaries and guides, and may apply to join appropriate committees.
With UK office - Legal Firm
£9,600 pa + VAT (if applicable*)
With UK office - Other
£8,700 pa + VAT (if applicable*)
Without UK office
The above three categories of Associate membership can access all LMA documentation and guidelines, education and training events (be that virtual or physical), webinars, e-learning, legal and regulatory updates and LMA submissions, various e-newsletters, glossaries and guides, and may apply to join appropriate committees.
Associate - African Single Jurisdiction
This category of Associate membership can access all African local law documents, all African based training events (be that virtual or physical), selected LMA notes, guidelines and webinars, and e-learning.
* Please note, UK VAT will apply to institutions where the Nominated Representative is located in the UK.
£5,000 pa + VAT (if applicable*)
This category of membership is for universities and similar establishments of higher education offering legal or financial graduate or post graduate qualifications to students. Access to the website and LMA documents will be limited to professional teaching staff only. The use of LMA documents in training materials or for any other reason must be agreed with the LMA first before proceeding.