Legal Business

Risk and regulatory: NRF launches a 600-lawyer global regulation and investigations practice

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The increasingly wide-ranging and cross-departmental regulatory needs of clients sees Norton Rose Fulbright (NRF) today (3 February) launch a 600-lawyer international global regulation and investigations practice led by former Fulbright & Jaworski disputes partner and investigations head Lista Cannon and global antitrust chief Martin Coleman.

The 130-partner team will connect global practices including antitrust and competition (led by Coleman); financial services regulation (led by Jonathan Herbst); investigations (including bribery and corruption and international trade and sanctions, led by Cannon); and tax (led by global head Andrius Kontrimas).

As part of the launch, the firm’s lawyers will make efforts to engage with businesses globally throughout 2014 to ‘debate key issues in the identification and management of regulatory risk and related enforcement’, and will conduct events including seminars, client meetings and internal briefings to share knowledge on regulation and investigation issues across key financial centres globally.

Recent research carried out by legal market specialist Acritas, which comprised data from 1,337 interviews with general counsel or their equivalent in organisations globally, found that regulation is the number one business challenge for the world’s global elite businesses.

NRF’s own annual Litigation Trends Survey has also shown that since 2008, companies have been increasingly requiring external counsel for assistance on regulatory investigations and that regulatory disputes have consistently been a major concern.

Plans to design a practice encompassing a wide range of industry skill sets has been in the pipeline since before the firm’s merger went live last year.

Speaking to Legal Business, Cannon said: ‘It’s an opportunity of the combination [of NRF and Fulbright & Jaworski] to take it to another level, to show great depths not just in numbers but geographically. If you look at the industry sectors our clients operate in… these have a regulatory and investigatory rainbow going through them. You can’t be in energy, pharmaceuticals, life sciences, financial institutions or technology without regulation having an impact. The combination of the two has given us that opportunity to push out and develop.’

Coleman added: ‘What we increasingly realised is traditionally you can stereotypically split commercial lawyers into two groups: disputes lawyers going in with their sleeves rolled up to have a fight; and transactional lawyers that sit up late at night and ensure the deal gets done for the client. But the skill set for a regulatory lawyer doesn’t neatly fit into either of those – it has elements of both but always involves something else – it requires strategic and policy understanding of the regulator.’

sarah.downey@legalease.co.uk

Legal Business

Senior hires: KPMG appoints DLA partner as Manchester legal head as A&O and NRF lose partners to HogLove and Vedder Price

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As KPMG looks to expand its legal services practice the Big Four accountant has hired DLA Piper corporate partner Nick Roome to head its legal services arm in Manchester in what it says is the first of a series of hires planned over the course of this year.

Roome, who has broad corporate, private equity and commercial legal expertise with a focus on the north of England and international markets, qualified with Addleshaws in 2000 before moving to DLA Piper’s Manchester office in 2005. He will start his new role in the late Spring.

KPMG’s legal services practice is a well-established part of KPMG’s wider UK tax practice and has worked with the tax team nationwide for a number of years. The Manchester legal services team currently includes a four-strong tax litigation team, which has been in place for over ten years. In addition, KPMG has a team of advisers on corporate and employment law who help provide multi-disciplinary tax services to clients where required.

Commenting on his appointment, Roome said: ‘I am very excited to be making the move from a law firm to an accounting firm with such a diverse and varied portfolio of clients and projects. KPMG already has a well-established legal services practice and I look forward to helping it grow and develop further in the North.’

Roome is the first of around four or five legal appointments expected in KPMG’s Manchester legal services team.

His hire comes shortly after Legal Business reported in September that KPMG is considering its options under the Legal Services Act (LSA) to convert to an alternative business structure (ABS) in a bid to expand its legal services capability.

EY also said at the time that it had the position ‘under review’ and PwC is understood to be considering its position. Deloitte was the only one of the Big Four accountants to deny any plans to set up an ABS.

Meanwhile, in the City, current global head of aviation at Norton Rose Fulbright, Neil Poland, becomes the latest partner to leave the firm as he joins Chicago-headquartered Vedder Price’s global transportation finance practice in London next month.

Poland, who is rated as ‘top class’ by the Legal 500, acts on behalf of financial institutions on capital markets financings, as well as bank syndicates on the financing of European locomotives and leading passenger rolling stock operating companies (ROSCOs).

Key clients for the Norton Rose aviation team include easyJet, Emirates, Flybe, Malaysian Airline Systems Berhad, Air Tanker Services, Amentum Capital, and Orix Aviation Systems.

‘We are thrilled to have Neil join us,’ said executive committee vice chair and chair of the firm’s global transportation finance team Dean Gerber. ‘Neil has extensive experience in the aviation and rail industry on a global-scale that will deepen Vedder Price’s practice and strengthen our growing London office.’

Prior to joining Norton Rose, Poland worked for the London offices of Magic Circle firms Slaughter and May and Clifford Chance.

Other high-profile departures from Norton Rose in recent months include Michael Grenfell, who joined the senior leadership team at the newly created Competition and Markets Authority last November.

November also saw longstanding antitrust partner Mark Jones leave for Hogan Lovells followed in the same month by energy partner and former head of nuclear services Fiona Reilly, who left for PricewaterhouseCoopers (PwC) to become a director in the nuclear energy team to develop the global energy practice.

In other high profile moves, former Allen & Overy (A&O) corporate partner Don McGown is to join Hogan Lovells corporate practice in early February.

McGown, who has been with A&O since 1990, has acted for a number of high profile clients including 21st Century Fox on the US$10 billion spin-off of its publishing and print businesses, and DS Smith on its US$2 billion reverse acquisition of SCA Packaging.

He primarily advises on international M&A and corporate restructuring and has significant sector expertise in telecommunications and media, and financial services.

Commenting on McGown’s arrival Andrew Skipper, global co-head of Hogan Lovells’ corporate practice, said: ‘Continuing to strengthen our excellent London corporate practice is important for us and Don’s arrival will bring additional high quality board level experience and international perspective to our London team.

‘Don is a highly effective and skilled practitioner with the right skillset, market standing and collegiate approach. He is the perfect fit for our corporate practice with its global spread, in-depth industry knowledge and expertise in highly regulated sectors.’

francesca.fanshawe@legalease.co.uk

Legal Business

Deal watch – Norton Rose Fulbright and Freshfields lead on BMO’s $1.2bn takeover of F&C

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Norton Rose Fulbright (NRF) is advising one of its oldest clients, Edinburgh-based UK and European asset manager F&C Asset Management on its $1.2bn acquisition by Bank of Montreal (BMO Financial Group) led by Freshfields Bruckhaus Deringer.

The NRF team is being led by London corporate partners Chris Randall and Paul Whitelock, with BMO’s former senior vice president, deputy general counsel and chief compliance officer John Jason, who joined the top 10 LB100 firm’s Toronto office as of counsel earlier this month, also involved on the deal.

The Freshfields team for BMO, Canada’s fourth largest lender, is headed by City co-head of the international asset management group, Matthew Cosans. The Magic Circle firm’s team also includes corporate partner George Swan, regulatory partner Mark Kalderon and employment partner Nick Squire. According to Bloomberg, this is the second-largest takeover in the bank’s 196-year history.

F&C is a longstanding client of Norton Rose, which previously advised on its 2010 acquisition of the Thames River Capital group, a specialist asset management business in a deal worth £53.6m. The firm also advised F&C when the High Court ordered the asset manager to pay indemnity costs stemming from a disagreement with hedge fund managers and former partners of F&C, and had the ruling quashed in the Court of Appeal in 2012.

The 2647-lawyer firm secured a base in Canada following its merger with Canadian firm Ogilvy Renault in 2011 and subsequently consolidated its position in Canada with the acquisition of Calgary-based Macleod Dixon.

Chris Randall told Legal Business: ‘The firm has been working with F&C since 1868, when it was the first-ever investment trust. It is one of the firm’s oldest clients and it was a pleasure to work with them on this transaction.’

BMO said in a statement that it expects the deal to complete by May 1, although it is likely to be subject to regulatory approval.

david.stevenson@legalease.co.uk

(with additional reporting by sarah.downey@legalease.co.uk)

Legal Business

Norton Rose takes pole position as McLaren drops Bakers as global legal adviser

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Baker & McKenzie has lost its role as global legal adviser to British automotive group McLaren, which has opted for fellow Global 100 firm Norton Rose Fulbright (NRF).

NRF will work closely with McLaren’s in-house legal team, providing services on corporate and M&A work, as well as contractual, IP, real estate and employment law. The firm has also formed a corporate partnership with the McLaren Mercedes Formula 1 team, although the firm refused to comment on how much this tie-up would cost the firm.

Baker & McKenzie has advised McLaren since the 1980s, with annual legal fees said to be worth around £1m.

NRF’s appointment as advisor to McLaren Group covers McLaren Racing and McLaren Applied Technologies and excludes McLaren Automotive.

NRF’s global chief executive Peter Martyr described it as an ‘exciting partnership’ and by becoming a ‘corporate partner and providing worldwide legal services to McLaren Group, we aim to reinforce the importance that we place on our people’s commitment to teamwork and excellence. We have already committed to developing a joint CSR project.’

McLaren Group’s group legal director Timothy Murnane said: ‘We see Norton Rose Fulbright as one of the leading global legal practices, combining a lengthy history with an appetite for change and a pursuit of excellence which resonates with our own corporate ideals. Our unique partnership will bring together two highly respected global businesses with the potential to achieve great things together.’

Sarah.downey@legalease.co.uk

Legal Business

Cyber warfare – Norton Rose Fulbright hires global chief information security officer

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Top ten LB100 firm Norton Rose Fulbright (NRF) has moved to further protect client information with the hire the former head of cyber security for National Air Traffic Services (NATS) Paul Swarbrick as its global chief information security officer (CISO) in the London office.

Announced today (21 January), Swarbrick will join the senior management team, and work closely with IT and the business internationally to ‘strengthen proactively, and develop, a consistent approach to information assurance and cyber security worldwide,’ a firm statement said.

Having spent 25 years providing information securities services to major organisations, Swarbrick spent 18 months at NATS, which is responsible for the civil air navigation services of 200,000 square miles of UK and North Atlantic civilian airspace and nearly 2,500,000 flights a year.

Prior to this role, Swarbrick also served as a senior security consultant to Capgemini Consulting, supporting HM Revenue & Customs in improving its security arrangements both at corporate and system level.

The firm’s current global chief information officer Sheila Doyle said Swarbrick’s ‘depth of experience will continue to strengthen the information security function of the practice globally, particularly as information and cyber security is an increasingly important issue for clients around the world.

‘Companies need CISOs who, like Paul, are commercially astute and can act as the conduit between various organisational and operational structures and hierarchies to provide an enterprise–wide solution to the security challenge.’

Global chief executive Peter Martyr added: ‘Information security is a growing issue for our clients and it is an issue we take seriously at an executive level.’ To read more on the rise of the CIO, see ‘Systems addicts – the CIO power list.’

sarah.downey@legalease.co.uk

 

Legal Business

New year hiring spree continues as Weil Gotshal and Norton Rose recruit from rivals

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Top-20 Global 100 firms Norton Rose Fulbright and Weil, Gotshal & Manges have made significant and experienced additions to their London offices today (15 January), from Freshfields Bruckhaus Deringer and Hogan Lovells respectively.

Weil Gotshal has taken on Hogan Lovells partner Chris McLaughlin to join its banking and finance practice in London.

McLaughlin has extensive experience acting for banks and borrowers on the financing of cross-border private equity buyouts as well as European real estate acquisitions and restructurings.

Weil Gotshal has made great strides in its London banking practice in recent times, taking high-yield specialist Gil Strauss from Freshfields Bruckhaus Deringer just over a year ago as well as leveraged finance partner Stephen Lucas from Linklaters in 2011.

However, McLaughlin’s arrival and the growing strength of its banking practice contrasts with the London office’s fortunes in its signature area of private equity. Mark Soundy and Simon Burrows left to join Shearman & Sterling in 2013, while funds partner Nick Benson left for Latham & Watkins this month.

‘We are delighted that Chris is joining Weil to further enhance the growing European finance practice. In a short space of time, Stephen Lucas and the London team, working with our teams in Paris, the rest of Europe and the US, have established a leading reputation for sophisticated leveraged finance work,’ said Barry Wolf, the firm’s executive partner.

Meanwhile Norton Rose Fulbright has hired counsel Geoff Peters from Freshfields to be a partner in its energy M&A practice in London. He has more than 15 years’ experience of the upstream, midstream and downstream sectors and has worked with multinational oil and gas majors as well as national oil companies. He has completed M&A transactions around the world including in Russia, Canada, Africa, the Middle East and South East Asia.

‘We are delighted that Geoff will be joining us. Geoff’s impressive international experience complements our global presence. He will add further depth to our busy corporate oil and gas practice, and work with colleagues not only in the UK, but around the world,’ said Martin Scott, global head of corporate, M&A and securities.

david.stevenson@legalease.co.uk

Legal Business

Redundancy watch: Norton Rose Fulbright reveals 30 job cuts in Australia

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Norton Rose Fulbright has made 30 staff redundant throughout its Australian offices, including 12 fee-earners and 18 support staff. The firm stated this was ‘not a change that is happening in any other region than Australia – it is a local response to a local market.’

A spokesperson for the firm added: ‘This was a difficult decision and we are doing all that we can to support those affected. Like other professional services firms in Australia, we have responded to changes in the local market. We will continue to concentrate on our primary areas of growth: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.’

‘Those affected have been individually contacted. We are of course providing each person with as much support as we can during this process.’

All Australian staff have since been informed, as the changes took effect from last Thursday (14 November).

It was also confirmed today (21 November) that the firm’s London-based head of nuclear services Fiona Reilly had departed from the firm after 14 years to take up a role as director at auditing giant PwC. Her move coincides with that of longstanding antitrust partners Mark Jones and Michael Grenfell who also confirmed they were leaving for Hogan Lovells and the Competition and Market Authority (CMA) respectively in the last week.

sarah.downey@legalease.co.uk

Legal Business

PwC boosts energy capability with hire of NRF head of nuclear Fiona Reilly

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PricewaterhouseCoopers (PwC) has boosted its nuclear energy capability with the hire of longstanding Norton Rose Fulbright energy partner and head of nuclear services Fiona Reilly, the third departure from the top 10 LB100 firm’s London office this month.

Reilly joined the now 2647-lawyer firm in January 1999, having previously worked in-house as commercial counsel at UK nuclear steam turbine producer Alstom.

During her time at Norton Rose Reilly, who became a partner in 2011, was seconded to Star Energy as its general counsel, advising on corporate and commercial issues.She specialises in all aspects of the nuclear cycle from new build and licensing, decommissioning, fuel storage and waste management, and frequently advises on liability regimes and contracts relating to the financing and construction of nuclear stations.

Reilly joins PwC as a director in the nuclear energy team to develop the global energy practice, where she will be involved in transactions, dispute resolution and regulatory compliance.

Her departure comes six months after the merger between Norton Rose and Houston-based Fulbright & Jaworski went live in June, and marks the third exit this month after longstanding antitrust partner Mark Jones most recently announced he is to join the antitrust, competition and economic regulation practice at fellow transatlantic firm Hogan Lovells in the New Year, as announced by the firm on Tuesday (19 November).

Jones’ resignation only shortly follows that of leading competition partner Michael Grenfell, who confirmed to Legal Business last Thursday (14 November) that he is to join the Competition and Markets Authority (CMA) as a senior sectoral director, having specialised in competition for 25 years and headed NRF’s competition group between 2002-2011.

A spokesperson for Norton Rose Fulbright said: ‘We confirm that Fiona has left the practice. We thank her for her contribution and wish her all the best in her new role.’

PwC was unavailable for comment immediately at the time of writing.

sarah.downey@legalease.co.uk

Legal Business

NRF loses second competition veteran as Mark Jones joins Hogan Lovells

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Hogan Lovells has confirmed its latest lateral hire is Norton Rose Fulbright longstanding antitrust partner Mark Jones, who is to join the antitrust, competition and economic regulation (ACER) practice at the transatlantic firm in the New Year.

Jones is experienced in various aspects of competition law including behavioural and market investigations, merger control and compliance and utilities regulation, across the energy, infrastructure, insurance, and retail sectors.

His departure coincides with that of leading partner Michael Grenfell who, it emerged last Thursday (14 November), is to join the Competition and Markets Authority (CMA) as a senior sectoral director, having specialised in competition for 25 years and headed NRF’s competition group between 2002-2011.

Hogan Lovells co-head of the ACER practice and competition heavyweight Suyong Kim said: ‘Mark’s extensive experience and success in high profile competition and regulatory investigations speaks for itself.

‘He is extremely well-regarded in the market and many of the Hogan Lovells team already know him from working alongside him on competition investigations and appeals. Mark’s recruitment reflects our continuing investment in our global team, which combines first-rate client service and legal skills with in-depth industry knowledge.’

Mark Jones added: ‘After twenty great years at Norton Rose Fulbright I am very much looking forward to joining the hugely impressive Hogan Lovells team.’

Hogan Lovells has made a number of high profile lateral hires in recent months, including Field Fisher Waterhouse’s (FFW) head of data protection Eduardo Ustaran, as well as SJ Berwin corporate partner Ed Harris.

Meanwhile Norton Rose, in a statement said: ‘Norton Rose Fulbright’s competition team has expanded globally in recent years and now has over 120 leading competition lawyers internationally including over 20 in London.’ Martin Coleman, global practice leader of antitrust, competition and regulatory, added: ‘After 20 years at the firm, we can understand that Mark is leaving for a fresh challenge. He has been a great colleague personally and we would like to thank him for his contribution to the firm.’

sarah.downey@legalease.co.uk

Legal Business

Norton Rose antitrust partner to join new competition authority as body unveils second wave of directors

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As the Competition and Markets Authority (CMA) pulls together the second wave of its senior leadership team one of the names that stands out is Michael Grenfell, who is joining the new body as a senior sectoral director from Norton Rose Fulbright, where he has specialised in competition for 25 years, including heading the group between 2002-2011.

Grenfell, who is a leading name in competition circles and co-author of Coleman and Grenfell on the Competition Act, becomes one of five appointments to the new markets and mergers directorate of the CMA, which brings together the Competition Commission (CC) and certain consumer functions of the Office of Fair Trading (OFT).

In his new role Grenfell will work closely with regulatory bodies including Ofwat, Ofgem and Ofcom to help promote competition in those sectors and across areas including rail, gas and air.

He told Legal Business: ‘Norton Rose is a fabulous firm and it has a great anti-trust and competition practice with some very good people and I will be very sorry to leave but it is a huge opportunity to play a part in the formation and enforcement of competition law and policy by the CMA and I am looking forward to this new challenge.’

Also appointed to the markets and mergers directorate is Nelson Jung, who becomes the CMA’s director of mergers and who currently holds the same role at the OFT, having previously served as director of competition enforcement. He joined the OFT in 2010 from Clifford Chance, where he was a competition associate.

Other lawyers in this latest round of appointments include the CC’s deputy chief legal adviser and head of international Carole Begent, who joins the CMA as senior legal director for markets and mergers; director of competition enforcement and head of the OFT’s enforcement academy Claudia Berg, who joined the OFT from Linklaters and will hold the same role at the CMA; OFT legal director and project director Jason Freeman, who joins as director for consumer law; CC legal director Simon Jones who joins as director for litigation; and CC chief legal adviser Roland Green, who joins as deputy general counsel and senior legal director for policy, precedent and procedure.

In September the CMA announced that Sarah Cardell had been appointed as its general counsel. Cardell, a former Slaughter and May partner, joins from Ofgem where she was partner for legal markets.

Cardell joins new CMA executive director, Sonya Branch, who moves across from her role as the executive director at the OFT, where she has been since 2007 having left HER role as corporate partner at Clifford Chance.

Norton Rose’s global head of antitrust and competition, Martin Coleman, said: ‘This is a great move for Michael. The transition of private practice lawyers into government and regulatory roles (and vice versa) is a good thing for both regulators and the business community and in this case Michael will bring over 20 years of excellent experience at Norton Rose Fulbright to his new role. We wish him all the best in his new job.’

caroline.hill@legalease.co.uk

The CMA appointments in full:

Senior Director, Consumer Enforcement – Nisha Arora is currently Senior Director in the OFT’s Services, Infrastructure & Public Markets Group, in which she previously served as a Director. Prior to joining OFT in 2011, Nisha served as a senior legal adviser in the Department of Business, Innovation & Skills, and the Cabinet Office. She trained as a solicitor with Denton Hall.

Senior Director, Cartels & Criminal Group – Stephen Blake is currently Senior Director in OFT’s Cartels & Criminal Enforcement Group, in which he previously served as Director of Cartels. Stephen has held a number of positions in the OFT since joining in 1998 as a competition lawyer, including a secondment to the European Commission’s cartels unit. Prior to this Stephen practised as a solicitor in the City.

Senior Director, Anti-Trust – Ann Pope has been Senior Director in OFT’s Services, Infrastructure & Public Markets Group since July 2012. Having trained as an economist, she has over 20 years experience in the OFT and has held a number of senior positions since 2006. Over the last few years Ann has specialised in running CA98 investigations.

Senior Director, Markets – Daniel Gordon is currently Chief Economist at the CC. He joined the CC from Ofcom, where he was Director of Competition Policy. Prior to that, Daniel was at the OFT, where he first led the Market Studies Programme, before becoming Senior Director with responsibility for infrastructure markets. His early career was with the Treasury and the Monopolies and Mergers Commission.

Senior Director, Sectoral Regulation – Dr Michael Grenfell joins the CMA from Norton Rose Fulbright LLP, where he has specialised in competition law for 25 years, including for the past 15 years as a Partner and a period as Head of the firm’s London Competition Group. Michael has also been an active member of the Competition Law Committee of the City of London Law Society and chaired its Working Group on the UK competition law reforms currently being implemented.

Director, Mergers – Nelson Jung is currently Director and Head of Mergers in the OFT, having previously served as Director of Competition Enforcement. Prior to joining OFT in 2010, Nelson worked at Clifford Chance, where he served as a senior associate specialising in mergers and other competition cases.

Group Director, Markets & Delivery – Rachel Merelie has been Senior Director, Inquiries at the CC since 2007, having previously served as an Inquiry Director. In her earlier career, Rachel managed business planning and strategy for Ernst & Young and the transition to Cap Gemini Ernst & Young, worked for Gemini Consulting as a management consultant and held a variety of roles in the electricity industry.

Senior Director, Mergers – Sheldon Mills is currently the OFT’s Senior Director of Policy and Procedural Adjudicator having formerly served as Director of Mergers for three years. Sheldon is a qualified solicitor and served as a senior associate in King and Wood Mallesons SJ Berwin and associate in Jones Day in his earlier career.

Senior Legal Director, Markets & Mergers – Carole Begent is currently Deputy Chief Legal Adviser and Head of International at the CC, where she has served as a legal adviser since 2000. Carole previously held legal advisory and policy roles at the sectoral regulators ORR and Ofwat, having trained as a solicitor at Beechcroft Stanley.

Senior Legal Director, Enforcement – Claudia Berg is currently Director of Competition Enforcement and Head of the OFT’s Enforcement Academy. Prior to joining OFT in 2010, Claudia spent 8 years in the competition practice of Linklaters. Her early legal training was with prominent law firms in Germany and Brussels.

Director, Consumer Law – Jason Freeman is currently Legal Director and Project Director at the OFT, where he has served in a number of roles since 2005. Jason has a particular specialism in UK consumer law. He joined the OFT following practice at the Bar.

Deputy General Counsel and Senior Legal Director, Policy, Precedent & Procedure – Roland Green has been Chief Legal Adviser at the CC since 2010. Previously Roland held a variety of senior legal roles in BERR, DECC, DTI and the Home Office. While at DTI he specialised in competition law, and was instrumental in the development of the Enterprise Act 2002.

Director, Litigation – Simon Jones has been a Legal Director at the CC since 2008 having joined the CC in 2001. He has advised on a wide range of merger, market and regulatory inquiries and has led the CC’s defence in numerous actions in the Competition Appeal Tribunal, High Court and Court of Appeal. Before joining the CC he ran a public law, commercial and regulatory litigation practice at Treasury Solicitors, having first trained as a solicitor with Slaughter & May.

Economics Director, Markets & Mergers – Kate Collyer has been Director of Economic Analysis at the CC since 2012, having rejoined the CC after 4 years as Director of Economics at the Cooperation and Competition Panel of the Department of Health. Kate’s early career was as an economic consultant with Lexecon Ltd.

Senior Director, Research, Intelligence & Advocacy – John Kirkpatrick is currently Director of Policy and CMA Transition Lead at the CC. John has served as an Inquiry director at the CC and Director of Studies & Policy at the Audit Commission. His early career was with McKinsey & Co and the Department for Education and Employment.

Group Director, Remedies, Business & Financial Analysis – David Roberts is currently Chief Financial & Business Adviser and Head of Remedies at the CC, which he joined in 2002 from J Sainsbury, where his roles included Director of Corporate Finance and Group Treasurer. He previously worked for BP and qualified as a chartered accountant with Deloitte, Haskins & Sells.

Economics Director, Enforcement – Chris Walters is Chief Economist at the OFT, where he has held a number of senior economist positions since 2007, joining from the CC. In his early career Chris was an academic and economic consultant.