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Profile: Andrew Whittaker and Kate Cheetham, Lloyds Banking Group


The bank’s group and deputy GCs discuss the split of Lloyds and TSB, and helping Lloyds’ efforts to rebuild trust after the banking crisis.

When Andrew Whittaker joined Lloyds Banking Group as group general counsel (GC) in May 2013, the message to the market behind his move following a 13-year stint as GC of the UK’s Financial Services Authority (FSA) was not lost.

The trend towards embracing regulatory skills (think now-departed FSA chief executive Hector Sants’ appointment as compliance head at Barclays) came as the major high street bank continued to deal with the fallout of the financial crisis, which for Lloyds meant a multi-billion pound bail-out by the UK government. That is to say nothing of its implication in payment protection insurance mis-selling and ongoing investigations into its involvement in alleged Libor rigging.

Continue reading “Profile: Andrew Whittaker and Kate Cheetham, Lloyds Banking Group”

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Post Excalibur litigation victory, Gulf Keystone enters the main market led by Memery Crystal

The sometimes nail-biting growth of independent oil and gas exploration companies was illustrated this week with the entry onto the London Stock Exchange (LSE) of Gulf Keystone Petroleum, led by City firm Memery Crystal, just months after the company successfully defeated a $1.6bn claim by Excalibur Ventures in one of the biggest cases of 2013. Continue reading “Post Excalibur litigation victory, Gulf Keystone enters the main market led by Memery Crystal”

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When futurology becomes reality – LexisNexis gains ABS licence to launch compliance service

The UK arm of legal publishing giant LexisNexis has been awarded an alternative business structure (ABS) licence by the Solicitors Regulation Authority and hired Duane Morris compliance and technology partner Jonathan Armstrong to spearhead its new business, Cordery Compliance. Continue reading “When futurology becomes reality – LexisNexis gains ABS licence to launch compliance service”

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‘We have always been committed to growing our presence there’ – Trowers expands lower cost Birmingham site

Only shortly in the wake of the announcement that Hogan Lovells is to launch a low-cost nearshoring venture in Birmingham, Trowers & Hamlins has said it is to build up its existing Birmingham base with the relocation of three public sector City lawyers. Continue reading “‘We have always been committed to growing our presence there’ – Trowers expands lower cost Birmingham site”

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Capital call on salaried partners at Weightmans and Addleshaws in response to impending LLP tax overhaul

The tally of City firms calling on salaried partners to increase their capital investment in response to new HM Revenue & Customs (HMRC) rules is growing as Weightmans and Addleshaw Goddard this week confirmed they are in the process of significantly raising contribution levels. Continue reading “Capital call on salaried partners at Weightmans and Addleshaws in response to impending LLP tax overhaul”

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Revolving Doors: Key hires for Mishcon, Penningtons Manches, DWF and TLT as NRF loses head of planning

With the blurring between criminal and civil law becoming ever more prominent, Mishcon de Reya announced last week that Alison Levitt QC, the principal legal adviser to the Director of Public Prosecutions (DPP) of England and Wales, is to join the firm as a dispute resolution partner, as other firms to announce key hires over the past few days include TLT, DWF and BrookStreet des Roches. Continue reading “Revolving Doors: Key hires for Mishcon, Penningtons Manches, DWF and TLT as NRF loses head of planning”

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Clyde & Co alleged whistleblower case to see Supreme Court decide if partners are afforded protection

The Supreme Court will next week preside over a precedent-setting case to decide if partners of limited liability partnerships (LLPs) are entitled to whistle blower protection, following a claim brought by former Clyde & Co partner Krista Bates van Winkelhof. Continue reading “Clyde & Co alleged whistleblower case to see Supreme Court decide if partners are afforded protection”

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End of the lawyer glut? Latest stats show fall of 3,000 working solicitors amid profession in flux

With the impact of the latest cuts to legal aid yet to bite, the number of practising solicitors in the UK in 2014 was revised down by 3,189 between January and February 2014, according to the latest figures from the Solicitors Regulation Authority (SRA). Continue reading “End of the lawyer glut? Latest stats show fall of 3,000 working solicitors amid profession in flux”