Energy giant E.ON has confirmed its five–year single-supplier mandate with Pinsent Masons will run its full course, with the energy supplier electing not to exercise a three-year break clause after appointing the firm as sole legal adviser for general matters in October 2013.
Continue reading “Rolling on: Pinsents sole supplier deal with E.ON to run full term”
Three months after it was confirmed the International Swaps and Derivatives Association’s (ISDA) longstanding general counsel (GC) David Geen had stood down, the trade organisation has announced a replacement, appointing Katherine Tew Darras to the role.
The biggest issue facing business for a generation looms on 23 June with the Brexit vote. We assembled a group of GCs to find out how they are managing the unmanageable.
It is the business issue that has dominated headlines for months and represents for UK plc a potentially far more profound impact than any general election or change of government. The vote on 23 June on the UK’s membership of the EU promises ominous levels of uncertainty for business and unprecedented challenges for general counsel (GCs) trying to help their companies manage systemic risks. In the second part of a collaboration withHerbert Smith Freehills (HSF), we gathered a group of senior in-house counsel to assess what legal teams should be doing now… and potentially on 24 June.
Unease over department restructuring continues
Lloyds Banking Group is pushing an incentive scheme to its lawyers to secure new recruits into senior legal roles following a string of exits. The move comes after the bank made multiple redundancies as part of an ongoing restructure.
Continue reading “Lloyds offers bonus for help filling senior legal roles amid shake-up”
In the closing address of the 2016 Enterprise GC summit, GE veteran Ben Heineman laid out his vision for general counsel as lawyer statesman and charted the revolution remaking global law
I want to give you an overview of my theory about the inside counsel revolution. It is clear it has happened in the US. It is happening to a degree in Europe and in Asia. General counsel (GCs) have become much more sophisticated, capable and influential, transforming law and business in two ways. Inside the company, the GC has become the primary counsellor to the chief executive and board, replacing the law firm senior partner. He or she leads corporate units beyond the law. The role has become comparable in importance to the chief financial officer (CFO) due to the increased global complexity and the rising importance of ‘business in society’ issues. There has been a dramatic change in the skill, the experience, the breadth and the compensation of the GC.
Continue reading “The rise of the lawyer statesman – A new vision for general counsel”
The plain-speaking Pearson law chief on driving change and pulling up your role models
Last month, Pearson’s high-profile senior vice president and general counsel (GC) Bjarne Tellmann was attending an executive leadership course at Harvard Law School when he bumped into Ben Heineman, General Electric Company (GE)’s former veteran legal head who is lauded by many for inventing the playbook for the sophisticated, globe-trotting GC.
ADDLESHAWS IN MERGER TALKS WITH US FIRM
Addleshaw Goddard has turned to the US for a potential merger, having entered into talks with Virginia-based Hunton & Williams. The US firm had revenues of $528m in 2015, while Addleshaws made £193m in 2014/15.
Lloyds Banking Group is pushing an incentive scheme to its lawyers to secure new recruits into senior legal roles following a string of exits. The move comes after the bank made multiple redundancies as part of an ongoing restructure.
Continue reading “Lloyds offers bonus for help filling senior legal roles amid management shake-up”
Just days after news of the departure of Deutsche Bank’s global legal strategy head Emma Slatter, it has emerged that the bank’s head of active asset management James Hooper is also departing.
Continue reading “Deutsche Bank exits continue as Hooper leaves for funds firm”
Royal Dutch Shell has announced its target operating model after finalising its £35bn takeover of BG Group in February, and indicated it will reduce the amount of project lawyers it has due to a drop-off in demand.
