Barclays has restructured its legal team in preparation for ring-fencing reforms that will split the bank’s retail and investment arms.
Continue reading “Barclays restructures legal team in preparation for retail and investment split”
Barclays has restructured its legal team in preparation for ring-fencing reforms that will split the bank’s retail and investment arms.
Continue reading “Barclays restructures legal team in preparation for retail and investment split”
Addleshaw Goddard (AG) head of insurance Mark Pring is leaving the firm to join Reed Smith, less than two years after he replaced Richard Leedham as team head.
Continue reading “Reed Smith the beneficiary as Addleshaw loses second insurance head in two years”
One of the many lasting consequences of the downturn has been a prolonged expansion of the globalised compliance framework. Increased oversight of financial markets has been at the forefront of this development, as reflected by the passage of the US Dodd-Frank Act in 2010 and a succession of EU directives. Continue reading “Comment: Ashurst’s Ben Tidswell argues a volatile risk landscape is a call to arms for modern law firms”
After becoming the first US firm to employ more than 400 lawyers in the City last year, White & Case has added Hogan Lovells‘ star corporate partner Guy Potel (pictured) as it bids to become a corporate force in London.
It is a recurring theme in Legal Business commentary that the received wisdom and forecasting for the profession do not age like fine wine and 2016 is proof once more that no one knows anything. Take the Bar, which has supposedly been in the last-chance saloon for a generation and yet in the commercial sector keeps thriving.
Proskauer Rose has made a strategic play to capture work in London’s burgeoning real estate market with the hire of DLA Piper’s global co-chair of hospitality and leisure, Joanne Owen.
In this week’s appointments round-up, Nabarro and DLA Piper have made important tech hires in the City, while Bird & Bird has brought on a media GC, and Ashurst has made a private equity appointment in Germany.
Stewarts Law has boosted pay and incentives for junior lawyers, paralegals and business services staff in a bid to maintain and enhance competitive advantages.
Continue reading “Stewarts Law latest to sweeten staff with increased pay and incentives”
This week in Asia, Morrison & Foerster (MoFo) added a trio of partners from three Magic Circle firms, as Nabarro has also strengthened its transactional practice in Singapore with the hire of former Gadens managing partner Marc Rathbone. Meanwhile, Berwin Leighton Paisner (BLP) will move its premises in Hong Kong out of the Central District to Taikoo Place to allow for further growth.
Teams from Magic Circle firms Allen & Overy (A&O) and Linklaters have advised on the financing for the development of one of the world’s largest offshore windfarms, the Dudgeon windfarm off the east coast of England.
I’m of an age where I form part of a group of lawyers who elected to pursue careers in-house from the outside. I had failed to complete a chemical engineering course so I had a very clear purpose in studying law: I wanted to work in-house. I identified a couple of industries I thought should grow so I might surf that wave.
I started out in pharma in the late ‘70s, which was immensely enjoyable. I grew a love of complex businesses – global, multinational businesses. They provide rich opportunities for lawyers in a variety of areas – commercial, corporate, M&A. That is the theme I followed throughout my career. Continue reading “Perspectives: Philip Bramwell, BAE Systems”
Richard Tapp argues that GCs can define their companies like never before.
‘So, what do you do?’ A straightforward question – in my case asked by a new chairman, clearly expecting a simple answer. But, for any in-house lawyer, where to start? Do you talk about your legal specialism? About the business risks that you identify and manage? About the way you provide and source legal advice? Or that you keep your chairman out of jail? Continue reading “The best seat in the house: the unique role of the modern GC”
Stefan Stern argues these days a legal defence alone can prove no defence.
Last month the 67th annual oil and gas conference was held by the Center for American and International Law in Houston. Lucky delegates got to hear from a special guest speaker – CFO magazine’s chief financial officer of the year, 2000. The speaker displayed the trophy he had received for his work, and then held up another item – a red prison ID card. He had been given both these things, he remarked, for the same activity – doing deals for Enron, the collapsed energy company. Continue reading “Just remember, GCs, Enron thought it was all perfectly legal”
Paul Gilbert argues too many corporate counsel fail to seize the risk agenda.
Barclays, Volkswagen and Tesco are three massive businesses in three significant, sophisticated and important business sectors. Each one of these successful and long-lived businesses has access to significant in-house legal expertise, each is capable of paying for the best legal advice money can buy, each has invested heavily in risk management. And all of them are now paying the price for poor decisions made by some senior people behaving badly, very badly. Continue reading “GCs have scraped a seat at the table but too many are wasting the opportunity”
With this issue of The In-House Lawyer we are unveiling a total overhaul of the magazine first launched over 20 years ago. The title, the first dedicated to the UK’s expanding community of corporate counsel, has long been an important part of the stable of our parent company Legalease, which is committed to expanding its links with general counsel. But IHL was in need of investment and a thorough re-imagining if it was to remain a magazine worthy of the modern in-house counsel. Continue reading “A title fit for the modern GC”
RPC has launched a management consultancy business in a bid to ‘help senior in-house lawyers improve their operational efficiency and personal effectiveness.’
Continue reading “RPC targets in-house lawyers with second management consultancy business”
Two books of note have just been published by veteran lawyers – The Inside Counsel Revolution: Resolving the Partner-Guardian Tension by former GE legal head Ben Heineman and The Future of the In-House Lawyer: The General Counsel Revolution, a collection of essays edited by Carillion’s Richard Tapp. The common ground is obvious in charting the wresting of power and resource over the last 25 years from law firm to corporate legal teams.
Continue reading “Comment: GCs have arrived and all there is to welcome them are platitudes”
Signature Litigation has been instructed by the investment fund of Georgian billionaire Bidzina Ivanishvili and his family in a dispute against Credit Suisse for losses over mismanagement of his portfolio in Switzerland, which have led to criminal proceedings against the bank’s fund managers.
As UK Prime Minister David Cameron has unveiled a range of new measures to boost the UK’s fight against white-collar crime at the Anti-Corruption Summit 2016, City law’s crime specialists have been discussing their impact. Continue reading “‘A massive shake-up’: white-collar crime lawyers appraise new government measures unveiled at anti-corruption summit”
Ahead of its UK legal panel review scheduled for 2017, energy giant BP has informed its current external advisers they will now be required to pitch for instructions worth over $1m in legal fees, in a bid to curb costs.