Legal Business

Clifford Chance partner takes up governance role at Deutsche Bank

Clifford Chance partner takes up governance role at Deutsche Bank

Deutsche Bank today (17 April) announced the appointment of Clifford Chance partner Daniela Weber-Rey as chief governance officer and deputy global head compliance in its Frankfurt office.

Weber-Rey, who is a long-serving corporate partner at Clifford Chance, will join Europe’s biggest bank by assets in June, overseeing corporate governance globally and acting as adviser to the management board on the governance structures and processes of the bank.

She will report to Deutsche Bank management board and group executive committee member Stephan Leithner in her governance role and serve as deputy to compliance chief Andrew Procter.

Weber-Rey has been a partner at Clifford Chance and legacy firm Pünder Volhard Weber & Axster for over 20 years. She was also a member of the Magic Circle firm’s partnership council until earlier this year and continues to be a member of the Commission of the German Corporate Governance Code. She regularly advises German and multinational corporates and banks on corporate governance and general boardroom issues.

According to a statement from Deutsche, Weber-Rey’s hire forms an ‘important component’ of the bank’s cultural change initiative in ensuring good decision-making and clear accountabilities across the bank.

Leithner said: ‘We are pleased that Daniela Weber-Rey will be joining Deutsche Bank. Staying at the forefront on governance structures and processes, an area where the bank is traditionally strong, will be critical in the context of significant market and regulatory change.’

Weber-Rey becomes the second partner from a Magic Circle firm in Germany to announce a role in a financial institution this week. Former Freshfields Bruckhaus Deringer senior partner Konstantin Mettenheimer is set to join asset manager Edmond de Rothschild Group this summer as chairman for the Franco-Swiss bank’s businesses in Germany, including its asset management, private banking and advisory services. He will be based in Frankfurt.

francesca.fanshawe@legalease.co.uk

Legal Business

Stepping Up – Clifford Chance’s corporate revolution

Stepping Up – Clifford Chance’s corporate revolution

Clifford Chance’s corporate practice had a stonking year in 2012, rocketing up the league tables and scoring roles on four of the ten largest M&A deals globally. Little wonder Matthew Layton was handed a second four-year term at the helm. Vive la revolution.

By anyone’s measure, Clifford Chance (CC) had a stupendous year for M&A work in 2012, appearing on four of the ten largest deals that took place worldwide and ranking second at year-end by deal value, up from 22nd two years ago. According to mergermarket, CC worked on 197 announced deals with a combined value of £156bn, nudging ahead of Freshfields Bruckhaus Deringer and relegating Linklaters to fifth in the league tables.

Legal Business

All hail the comeback kings

All hail the comeback kings

Two features this month focus on firms that have dusted themselves down and have come back fighting. For markedly different reasons, both Clifford Chance and Bristows have returned from positions of perceived weakness to enjoy something of a renaissance post-economic crisis.

In 2012 Clifford Chance was one of the stronger performers in a UK Global Elite that has been pretty beleaguered of late. Its performance in the most recent LB100 outstripped its rivals, posting a 7% growth in turnover and a 9% rise in profit per lawyer. But in particular, its corporate practice enjoyed a very strong 2012, topping mergermarket’s M&A tables for deals by value right up until the end of the year until Skadden, Arps, Slate, Meagher & Flom posted a trio of high-value deals in December.

Legal Business

Magic Circle reigns but cracks are there

Magic Circle reigns but cracks are there

In the same way the sports media has speculated long and hard these past couple of years on the ‘demise’ of Tiger Woods, much has also been said about the Magic Circle also losing its aura of invincibility since the global financial crisis.

The Magic Circle’s relentless pursuit of domination has inspired awe over the last two decades but at the same time has drawn brickbats when things have gone awry. It is all too easy to build something up only to knock it down.

Legal Business

Eurozone debt: Keeping it together

Eurozone debt: Keeping it together

As the sovereign debt crisis threatens to bring the euro to its knees, a group of lawyers has been working behind the scenes to keep the cogs turning. LB finds out what happened backstage.

Lee Buchheit has faced a frantic few months. He has been advising the Greek government on how to sort out its massive debt problem. This has seen him shuttle between meetings across Europe for the past five months and spend more time in hotel rooms in Paris, Brussels, Berlin and London than in his hometown of New York.