In a month of significant hires and departures, online money payment company TransferWise has snapped up rival Monzo Bank’s chief legal officer Dean Nash (pictured) as its new general counsel (GC) following the departure of Jenifer Swallow in July.
Nash, who featured in the GC Powerlist 2019, has left the company after nearly four years of rapid growth to become the UK’s most recognisable mobile-only bank. Continue reading “In-house: TransferWise cashes in on competitor’s legal head as mammoth US GC pay packets revealed”
Anna Cole-Bailey rounds up the latest in-house panel reviews and moves
In a busy month of in-house activity, National Grid revealed the line up of its new legal panel, Lombard International embarked on creating its first-ever legal roster, and blue chips BAE Systems and Lloyds Banking Group lost senior legal heads. Continue reading “Three firms cut as National Grid unveils panel following ‘pay to play’ review and BAE loses longstanding legal chief”
Climate change and sustainability dominated news headlines in 2019. Extinction Rebellion protests, Swedish teenager Greta Thunberg leading climate strikes around the world, while the President of the US has labelled it all a ‘hoax’. Investors are, in turn, increasingly putting pressure on the world’s largest companies to respond. It has become an enormous area of risk management for every business sector.
And responsibility for managing and assessing that risk has increasingly fallen upon the general counsel (GC). Andrea Harris, group chief counsel at the world’s largest marketing and public relations company, WPP, in recent years took on the head of group sustainability role, as has Heathrow Airport GC Carol Hui. Lawyers at Specsavers sit on that company’s sustainability group to help shape policy, while the GC at FTSE 100 energy giant Centrica, Justine Campbell, identifies the area as one of the biggest challenges she faces. Continue reading “The In-House Survey: Blurred lines – the GC as business leader”
Hamish McNicol, Legal Business: How do you build your identity and culture as a legal team? And how do you then communicate your teams’ qualities to the wider business?
Findlay Anderson, Baker Hughes Oilfield Equipment: The culture of the legal team comes from two different sources. One is the general counsel setting the rhythm for how they want their team to operate with the business. A lot of that comes down to the personality of the GC. The other factor is how the business sees its legal team: are they a hired function that sits in a corner and you call on them when you need them, or do you put them right in the middle of the decision-making of the company? Continue reading “The Scots GC debate: Force multipliers”
Of the two telecoms operators in the United Arab Emirates (UAE), du – officially Emirates Integrated Telecommunications Company – is the youngest. A publicly listed company, du has a market capitalisation of $7.5bn, revenues of $3.4bn, over 2,000 employees and a customer base of nine million. In addition to the usual telecoms fare – both B2B and B2C communications services and broadcasting – it also offers a suite of peripheral services and technologies that encompass blockchain, artificial intelligence (AI) and the broad array of digital services required to meet the UAE’s smart city ambitions.
Anneliese Reinhold is general counsel and senior vice president of legal and regulatory affairs at du and, having been with the company since the beginning, has seen it grow into the emerging giant of today. Continue reading “From start-up to established: du-ing it the right way”
For many lawyers, much of the draw to move in-house is the opportunity to play a more direct role in the business. It is also the chance to develop their commercial acumen beyond the level that private practice allows. The skillset this is cultivating within the in-house team is undoubtedly making the general counsel (GC) a better adviser and has the happy side effect of preparing lawyers for senior business roles.
Barclays’ Amol Prabhu is a prominent recent example of a senior lawyer making the transition, but one that still happens all too rarely in the UK. Belonging to an exclusive but slowly growing band of business people who transitioned from in-house counsel to the C-suite, Prabhu has spent 15 years at Barclays, working in Dubai, Hong Kong, London and now Johannesburg. He was most recently the head of emerging markets legal for EMEA, before accepting the role of Barclays co-head for Africa and chief representative officer: South Africa. Continue reading “GC to C-suite – How one veteran lawyer crossed the floor”
BDB Pitmans, Irwin Mitchell and Norton Rose Fulbright have been dropped from National Grid’s panel, understood to be worth about £12m a year in the UK alone, following an extensive tender process which saw firms pay to compete for spots.
Womble Bond Dickinson is the sole new appointee on a roster which reduced the number of advisers from 12 to ten. The review, which began in May this year, was potentially going to reduce the number of advisers to six, but Addleshaw Goddard, Bryan Cave Leighton Paisner, CMS Cameron McKenna Nabarro Olswang, Dentons, DLA Piper, Eversheds Sutherland, Herbert Smith Freehills, Linklaters and Shakespeare Martineau all retained their spots. Continue reading “In-house: National Grid drops three firms from panel following ‘pay to play’ review”
BAE System’s longstanding legal chief for air, Julie Smyth, has landed the general counsel (GC) role at GKN Aerospace, while Lloyds Banking Group’s well-regarded head of legal operations is heading to Clifford Chance.
Smyth (pictured) leaves BAE’s air business, where she managed a legal team of 60, after seven years as chief counsel to head up legal, risk, compliance and governance across GKN’s global aerospace business, based in London. Smyth joined BAE in 1998 – when it was British Aerospace – with the air business accounting for about half of the defence multinational’s £18bn turnover. Continue reading “In-house: BAE air legal head quits for aerospace rival as Lloyds’ legal ops head joins Clifford Chance”
Wealth-structuring company Lombard International is creating its first-ever legal adviser panel under the watch of general counsel (GC) Monica Risam, the former Aviva UK Life GC who moved to the company in January last year.
The panel will cement and deepen relationships the Luxembourg-based company already has with firms such as Allen & Overy, Baker McKenzie, DLA Piper and Linklaters. Continue reading “In-house: GC Risam draws on experience as Lombard International invites tenders for debut panel”
Hamish McNicol assesses the adviser mood as clients flex buying power
‘Would I say it’s the norm? No. But would I say I’m surprised? No.’ Continue reading “‘There will be pushback’: Dawn of pay-to-play tenders will stoke law firm tensions with GCs”