Multiple general counsel (GCs) have stepped down from their posts this week, including the legal heads of FTSE 100 mining company Rio Tinto, fintech company Transferwise and online retailer ASOS.
Rio Tinto said on Monday (1 July) Philip Richards will retire as group GC of the global mining giant at the end of December after two years in the role. He will be replaced by Barbara Levi, who is group legal head of M&A and strategic transactions at Swiss pharmaceutical company Novartis, from 1 January 2020. Continue reading “In-house: Rio Tinto GC to retire as Transferwise and ASOS legal heads depart”
The long-serving EMEA general counsel (GC) at the Bank of America Merrill Lynch (BAML) has stepped down after 14 years to join Big Four accounting firm EY.
Sajid Hussein, a GC Powerlist regular, will join EY as a partner and GC for Europe, the Middle East, India, Africa (EMEIA) from 1 July. Continue reading “Time for a change: well-regarded BAML European legal chief departs for EY”
‘People are so scared to talk about race in the UK,’ Linklaters senior partner Charlie Jacobs says. ‘They think it’s a landmine they’re going to walk straight into, so they’d rather avoid it entirely.’
A landmine – easy to lay but hard to get rid of – which has seen Big Law for years avoid a substantive discussion around ethnic diversity. Gender is already an uncomfortable topic for the industry, yet not so uncomfortable that it has obscured increasingly intense scrutiny of the profession’s poor record promoting female partners. In contrast, ethnic diversity at the upper reaches of commercial law is rarely addressed head-on, being submerged in the wider ‘D&I’ discussion. Continue reading “Ticking boxes – Is City law going beyond the platitudes on ethnic diversity?”
Social media giant Facebook has recruited Jennifer Newstead (pictured), a legal adviser to the US State Department, as its new general counsel (GC) after incumbent GC Colin Stretch announced his intention to leave last July.
Newstead was appointed a legal adviser to the State Department by President Donald Trump, with her new role likely to be just as challenging as Facebook faces increasing criticism for how it handles its data across its vast social network. Continue reading “In-house: Facebook appoints US State Department adviser as new GC”
Royal Mail, Sky and Deliveroo have all made senior legal hires in a busy period for in-house recruitment.
Royal Mail has filled the void left following former general counsel (GC) Maaike de Bie’s departure to easyJet, hiring in-house veteran Mark Amsden as its group GC and chief risk and governance officer. Continue reading “In-house round-up: New GCs for Royal Mail, Sky and Deliveroo”
With recent financial results displaying the added bite of US firms in the City, it appears their approach to the lateral recruitment market will continue to be just as aggressive. Paul Hastings continued to signal its M&A ambitions with the hire of Steven Bryan from Hogan Lovells, while Latham & Watkins proved again it is one of the biggest predators of the City elite after hiring Linklaters insurance partner Victoria Sander.
For Paul Hastings, the hire of Bryan is of little surprise. The firm has made no secret of its ambition to strengthen in public M&A and private equity, as seen last spring with the hires of Roger Barron from Linklaters and private equity star Anu Balasubramanian from DLA Piper. The addition of Bryan, meanwhile, sees another highly-rated M&A practitioner leave for a US firm – an area widely considered the last bastion of the institutional City firms. Continue reading “The head, the tail, the whole damn thing: UK firms suffer again as Global London sharks circle”