News in brief – May 2015

News in brief – May 2015

WHITTAKER STEPS DOWN AS LLOYDS GC

Group general counsel (GC) Andrew Whittaker is stepping down from his role at Lloyds Banking Group with deputy GC Kate Cheetham set to replace him. Whittaker joined the bank in May 2013 after having served as the legal head of the Financial Services Authority. The bank also saw the departure of disputes chief Philippa Simmons last month and began a redundancy consultation looking at cutting up to 25 mid-level positions.

 

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Gender diversity improves as law firms make bumper partner promotions

Gender diversity improves as law firms make bumper partner promotions

The annual round of partner promotions at City firms looked a lot more international this year as Freshfields Bruckhaus Deringer, Slaughter and May, Addleshaw Goddard, Mishcon de Reya and Pinsent Masons announced who made the grade, while there were also signs the profession is improving its gender diversity record.

Slaughter and May, which last year made up its highest number of international promotions as it elected three Hong Kong associates to partner, made up four partners as part of its London round. With law firms under pressure and pushing to improve gender diversity, this latest round puts the firm in good stead to achieve a more balanced partnership in the years to come, with two of those made up being women. Last year three out of seven London promotions were female.

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Partner promotions: Ashurst 20-strong round includes 45% females while Macfarlanes reduces round to five

Partner promotions: Ashurst 20-strong round includes 45% females while Macfarlanes reduces round to five

Ashurst has this morning (8 April) announced its 20-strong partner promotion round, which will take effect from 1 May 2015, with 45% of the new partners female while Macfarlanes reduced round of five comprises 40% women.

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‘Fits our philosophy and style of practice perfectly’: Three Crowns hires its first female partner from Covington

‘Fits our philosophy and style of practice perfectly’: Three Crowns hires its first female partner from Covington

Arbitration boutique Three Crowns has hired its first female partner, Carmen Martinez Lopez, from Covington & Burling as the firm boosts its arbitration capabilities, especially in the Latin American and Spanish-language markets.

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The Last Word – Reflections and looking ahead

The Last Word – Reflections and looking ahead

Senior figures provide personal perspectives on a changing industry for our 250th edition

Working with Salz

‘I worked for Anthony as an associate. In order of descending seniority, Phil Richards, me and Will Lawes were his “bag carriers”. It was an exciting time. During the 1980s our M&A team were the new kids on the block and the firm was undergoing a reputational transition from a traditional Bank of England adviser to a push-the-envelope transactional adviser. By the 1990s, Freshfields was the go-to firm.

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Comment: the rising stars in-house – bluechip legal teams are bursting with talent

Comment: the rising stars in-house – bluechip legal teams are bursting with talent

The first Legal Business edition of the year coincides with a major project for us: the second edition of our popular GC Power List, which launched last year. The idea is straightforward: we research in-house and private practice to identify a list of outstanding individuals who demonstrate the influence and rising clout that has come to define the modern in-house profession.

While the first report focused on senior GCs, for the second edition we have taken on the challenge of addressing the best performers coming into their own during their 30s and early 40s – the GCs of tomorrow. Continue reading “Comment: the rising stars in-house – bluechip legal teams are bursting with talent”

The rising stars in-house – bluechip legal teams are bursting with talent

The rising stars in-house – bluechip legal teams are bursting with talent

The first Legal Business edition of the year coincides with a major project for us: the second edition of our popular GC Power List, which launched last year. The idea is straightforward: we research in-house and private practice to identify a list of outstanding individuals who demonstrate the influence and rising clout that has come to define the modern in-house profession.

While the first report focused on senior GCs, for the second edition we have taken on the challenge of addressing the best performers coming into their own during their 30s and early 40s – the GCs of tomorrow.

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Profile: Rosemary Martin, Vodafone

Continuous money saving has been the order of the day for Vodafone’s general counsel (GC) and company secretary Rosemary Martin, who has been under continued pressure to cut costs and headcount since becoming responsible for around 350 professionals in the telecom giant’s global legal team spread across 24 countries.

Vodafone, in common with other mobile phone operators and the telecoms sector at large, has faced strong headwinds, including tough economic conditions in Southern Europe, an adverse European regulatory environment and increased competition, leading to a dip in its 2012/13 revenue of 4.2%, albeit to well over £44bn.

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