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Navigating the high-stakes world of commodities law

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By Sophie Dillon on

Hill Dickinson partner John McNeilly talks about geopolitics, ‘firefighting’ and volatility in the world of commodities law

Hill Dickinson partner John McNeilly
Hill Dickinson partner John McNeilly

“Shipping provides a great foundation for commodities law,” explains John McNeilly, a commodities lawyer and partner at Hill Dickinson. “The principles are similar, and understanding how contracts like sale agreements, charter parties, and bills of lading interrelate is invaluable.” Talking to McNeilly provides an insightful look into the complexities of international trade and disputes in that area.

At Hill Dickinson, McNeilly’s practice revolves around advising traders of all types of commodities — energy, agricultural and beyond — with a particular focus on disputes. His work spans everything from advising on live issues, such as goods being seized or ships running aground, to handling international arbitrations and court litigation. “Much of our work is about firefighting,” he says. “When something goes wrong, clients need quick advice to protect their interests and lay the groundwork for pursuing or defending potential claims. It can be intense, but it’s also incredibly rewarding when you see the tangible impact of your advice.”

The role of a commodities lawyer, as McNeilly describes it, is deeply tied to global events. LNG (liquefied natural gas) disputes, for instance, surged after Russia’s invasion of Ukraine as gas prices rocketed and supply chains were disrupted. “Volatility drives our workload,” he notes. “When prices spike or markets shift rapidly, disputes inevitably follow. The geopolitical dimension of commodities work means that no two days are ever the same.”

The application deadline for the Hill Dickinson training contract is 31 January 2025

Beyond energy, McNeilly’s team also deals with agricultural commodities like grain, wheat and sugar. Niche arbitration forums, such as GAFTA (the Grain and Feed Trade Association) and FOSFA (the Federation of Oils, Seeds and Fats Associations), play a significant role here. “Each forum has its own rules, and arbitrators are often from a commercial rather than legal background. It’s all English law, but with a commercial, industry-specific lens,” McNeilly explains. “For aspiring lawyers interested in international arbitration, understanding these niche forums can open doors to fascinating work.”

When asked what drew him to commodities law, McNeilly points to the variety and challenge. “Commodities law offers a mix of contract work, live problem-solving and dispute resolution, often with an international dimension,” he says. “The unpredictability keeps it exciting.”

This unpredictability is set to continue, with geopolitical shifts and regulatory changes shaping the commodities landscape. McNeilly highlights two significant trends: increasing trade volatility under shifting international politics and growing regulatory complexity. “New EU regulations on methane emissions and deforestation, for example, will impact contracts for the international sale of goods. As English lawyers, we need to understand these rules to help our clients navigate them,” he says. “It’s a reminder that the legal profession doesn’t operate in isolation. We’re constantly adapting to external changes.”

THIS AFTERNOON: ‘The future of global trade — with Hill Dickinson’, (Tuesday 14 January) at 4pm — APPLY NOW

Hill Dickinson’s reputation in shipping and commodities made it a natural choice for McNeilly when he returned to the UK from working in Singapore. But it was the firm’s culture that truly stood out. “Everyone here is supportive, approachable and encouraged to be themselves,” he says. “It’s not overly corporate, and partners genuinely care about developing their associates. That’s something I’ve benefited from throughout my time here.” McNeilly’s progression from senior associate to partner in four years exemplifies the opportunities available at Hill Dickinson. “I’ve been fortunate to be given the opportunities to develop as a lawyer and build client relationships. At Hill Dickinson, you’re given the responsibility to prove yourself and the support to succeed.”

For aspiring lawyers, McNeilly emphasises the importance of openness and seizing opportunities. “Don’t go in with too many preconceptions about what you’ll enjoy,” he advises. “I initially thought I’d prefer finance or corporate law, but my first shipping seat changed everything. Be willing to throw yourself into new experiences — you never know where they might lead.”

He also stresses the value of teamwork and hard work. “As a junior lawyer, you’re building the foundation of your career. That means working hard, learning as much as you can and forming strong relationships, both within your firm and with clients. It’s a team effort, and that camaraderie is what makes the challenging moments worthwhile.” McNeilly’s insights extend beyond the legal intricacies of commodities. “We’re often dealing with major global issues, whether it’s sanctions, extreme weather events or supply chain disruptions. It’s rewarding to see how our advice helps clients navigate these challenges,” he says.

As our conversation draws to a close, McNeilly reflects on what makes Hill Dickinson unique. “The firm’s market-leading reputation is matched by its culture. It’s a place where people genuinely care about each other’s success. For aspiring lawyers, it’s a great environment to learn, grow and make a real impact.”

Whether you’re drawn to the fast-paced world of commodities disputes or the opportunity to work on issues with global significance, McNeilly’s career offers insight into what Hill Dickinson provides for ambitious lawyers. With commodities law evolving alongside geopolitical and environmental changes, it’s a field that promises no shortage of challenges and opportunities for those willing to dive in.

To those considering a career in law, McNeilly offers a final piece of advice: “Stay curious and adaptable. The legal profession is constantly evolving, and so are the industries we serve. The more you embrace change and seek out new challenges, the more rewarding your career will be.”

John McNeilly will be speaking at ‘The future of global trade — with Hill Dickinson’, a virtual student event taking place THIS AFTERNOON on Tuesday 14 January 2025. APPLY NOW.

The application deadline for the Hill Dickinson training contract is 31 January 2025

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