Steve Cooke says, I am delighted that Roland will be my successor. WebChair and Managing Partner Elect. Andrew Mizner | 13 May, 2022 As of 1 May, there will be new additions to the partnership at Freshfields, Slaughter and May, Pinsent Masons and Dentons. I believe law firms appoint managers, and some of the chosen bring with them leadership skills. Check if your Awards 2023:Analyst of the Year. Follow us for breaking news and latest updates, The Trend Micro Cybersecurity Knowledge Hub, 10 services and platforms to unlock your businesss potential, Digital pound coming this decade, unpublished Treasury and BoE report suggests, End of Bank of England 800bn bond buying scheme poses headaches for Treasury and taxpayers. Roland added, It is an honour to have been elected as the firms next Senior Partner and I look forward to stepping into that role in 2024. Steve is the Senior Partner of the firm. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Andrew Mizner | 14 April, 2022 The Africa practice at prominent UK law firm Slaughter and May has a new leader. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. We are live at this afternoons virtual student event The skills you need to enhance your future legal career with Clarke Willmott and The College of Legal Practice! Until then she will continue to work in her fee paying role as a partner at Slaughter and May. A chief operating officer (COO) will be hired by Finkler in the coming months to manage the operational aspects of the executive partners role, in another first for the law firm. In ten years time we will all be amazed to discover that the new wave of female leaders has behaved almost identically to the previous generation of male ones. Shameful that it has taken 132 years for a woman to head Slaughter and May. Slaughter and May has advised Intact Financial Corporation (Intact or IFC) and RSA Group (RSA) on the buy-in concluded between Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, and the Trustees of two schemes sponsored by RSA Group (RSA), the Sal Pension Scheme (SALPS) and the Royal Insurance Group Pension Scheme (RIGPS) (the Schemes), insuring in total c.6.5 billion of liabilities and covering the pensions of 40,000 members. The creation of the Managing Partner role marks a significant change for the firm, said Finkler in a statement. The uplift in pay, effective from 1 September, means that Slaughters' trainees will now be paid the same as their peers at Clifford Chance, Freshfields and Linklaters. This is the largest ever bulk annuity transaction from pension schemes to insurer, covering 40,000 scheme members. She has acted for many major financial institutions across a spectrum of contentious matters, including acting for major financial institutions in relation to LIBOR and FX. news@globallegalpost.com, Copyright 2023 The Global Legal Post. Partner since 1991. Isa explainer: should you go for cash or stocks & shares? Deborah Finkler, Slaughter and May, has been touted as a possible contender. In a significant change for the The main change will be that we eventually grow tired of aggrandising puff-pieces in various trade journals, lushly illustrated with images of the subject looking determined while sat in a large meeting room, explaining how brave, refreshing and diverse it is for a wealthy white woman to now be doing the same office-based job that a wealthy white man was doing only a few moments ago; as if such a change should be notable to anyone other than their immediate colleagues and family members. Jonathan Marks, Partner and Head of the Insurance Group at Slaughter and May said, We are delighted to have advised Intact and RSA on this landmark 6.5 billion transaction with PIC. offers FT membership to read for free. Hoseason joined Freshfields as head of HR from PwC in July 2008, became COO in August 2014 and global COO in May 2017. Roland Turnill will take up the role on 1 May 2024, at the end of Steve Cookes term as Senior Partner. Can you really appoint a leader? UK law firm Slaughter and May has elected Steve Cooke, a mergers and acquisitions heavyweight, as its senior partner as the elite Magic Circle firms continue to The shake-up, which was unveiled in May, has already seen the firm vote in its first managing partner, litigation partner Deborah Finkler, whowill take up the role next May, when practice partner David Wittmann and executive partner Paul Stacey are due to retire at the end of their respective seven- and five-year terms. cookies Roland joined Slaughter and May in 1996 and became a Partner in 2004. And, how a nudge might make you wealthier in later life. NQ 5 PQE - Financial Services Regulatory Associates, 5+ PQE Senior Corporate Associate, Ireland, 3 PQE Banking and Finance Associate, Jersey, Email your news and story ideas to: As our Managing Partner, Deborah works closely with our Senior Partner to develop and promote the firms strategy and global approach, and with our COO to oversee the strategic running of the firm. Chambers and Partners 2023, Banking Litigation, Sources describe Deborah as hugely experienced and [she] provides great strategic insight for the conduct of banking litigation. Deborah is recognised as an Eminent Practitioner for Banking Litigation and Financial Services: Contentious Regulatory in Chambers and Partners 2023. Finklers election comes just a few months after the Those who I was also excited to try something new. Slaughter andMay has elected litigation partner Deborah Finkler to be the firms first-ever managing partner. I am delighted to be joining Slaughter and May at this moment in time, said Hoseason. This button displays the currently selected search type. Your experience on this site will be improved by allowing cookies. The firm had raised trainee salary in February from 45k to 47k (first year trainees), and 51k to 52.5k (second year trainees). Finkler will start the new role in May 2022, when current Practice Partner David Wittmann and Executive Partner Paul Stacey step down. Steve Cooke, Senior Partner of Slaughter and May, commented: It is welcome news for everyone at the firm and our clients that weve again promoted a good number of lawyers from a broad spread of practice areas. The promotions of these five talented lawyers reflect the enduring strength of the firm across the piece. Tags To verify your identity, please type what you see in the box above. We're almost in as much demand as HGV drivers.". He has a general corporate and M&A and investigations practice, with particular experience in takeover bids and other Stock Exchange related work. The decision to appoint the next Senior Partner well ahead of time is consistent with our approach of long term decision making as we bring in a new management structure over the coming months. news@globallegalpost.com, Copyright 2023 The Global Legal Post. Georgia Dawson became the first woman to lead a Magic Circle firm when she started the role as Freshfields Senior Partner in January this year. We use We are looking forward to The Legal Cheek Awards 2023, taking place on Tuesday 14 March at the Banking Hall in the City of London. Finkler described the creation of the managing partner role as a significant change for the firm as it moves to modernise its leadership structure. Slaughtersremains one of the few top US or UK law firms operating a pure lockstep structure,inwhich partner pay is based on seniority. Your experience on this site will be improved by allowing cookies. I agree that female owners are not necessarily friends of women employees. Deborah will take Partner since 1991. Finkler takes up the newly-created role on May 1 Slaughter and May, the leading international law firm, today announces that Deborah Finkler has been elected as the firms first Managing Partner. He headed our Mergers and Acquisitions practice from 2001 to 2016. Finkler also served as head of Slaughters'disputes and investigations groups from 2013 to 2017 and sat on the firms partnership board from 2005 to 2008 and again from 2014 to 2017. or Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for $1 for 4 weeks, You will be billed $69 per month after the trial ends, JPMorgan resists attempts to depose Jamie Dimon in Epstein lawsuits, UK salad shortages not down to Brexit, says Spain, Bundesbank warns losses from bond purchases will wipe out buffers, A big splash: Ron DeSantis gears up for expected 2024 run against Trump, Chinese factory activity expands at fastest pace in more than a decade, Londons most expensive house sale lined up after Saudi loan expires, Wall Street titans confront ESG backlash as new financial risk, Revoluts auditor warns 2021 revenues may be materially misstated, Goldman Sachs raises prospect of selling parts of consumer business, Law firms warn of tougher fee negotiations and payment delays, Live news: US manufacturing sector contracts for fourth straight month, Live news updates from February 28: Tesla to build Mexico factory, Goldman explores sale of fintech business, Generative AI is sowing the seeds of doubt in serious science, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Holy smoke: the mystical power of palo santo, Metaverse creator Neal Stephenson on the future of virtual reality, Anaximander Carlo Rovelli on the birth of critical thinking, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). Deborah will take up the Finkler will take up the role in May 2022, following the planned retirements of practice partner David Wittmann and executive partner Paul Stacey at the end of their respective seven and five year terms. A women being made Managing Partner is no more noteworthy than a man being made one. The magic circle has appointed its first female president too. Partner at Slaughter and May John Boyce Partner at Slaughter and May Natalie Yeung Partner at Slaughter and May In other news, Slaughter and May has also announced that Deborah Finkler has been elected as the firms first Managing Partner. WebClients benefit from Slaughter and May's capabilities leveraging the Best Friends network of leading independent firms and with other local counsel to provide global coverage. One of our key points of recognition has always been the innovation in legal advisory and the significance of being a full-service firm. RSA Group is a wholly owned subsidiary of Intact Financial Corporation (Intact or IFC). Solicitor and Justice First Fellow at Derbyshire Law Centre. For cost savings, you can change your plan at any time online in the Settings & Account section. Ontier is looking for a paralegal to join its litigation team in London. For a full comparison of Standard and Premium Digital, click here. The law firm offers: Experience supporting clients in Phase II As autumn approaches and the legal industry begins its tramp back into offices, more change is being ushered in at Slaughter and May, as the prestigious U.K. firm prepares to hold elections for its new managing partner role. All Rights Reserved. "Hurrah! Lorie E. Almon Partner Linklaters' first female Senior Partner, Aedamar Comiskey, stepped into the position in July this year. ChatGPT no match for high street solicitors, research finds - but surprisingly good at drafting contacts , Supreme Court justices prepare to hear three big cases in Manchester, As application season closes, Legal Cheek's future trainees share their top training contract interview tips. One Bunhill RowLondonEC1Y 8YYUnited Kingdom, 2906-2909 China World Office 2No.1 Jianguomenwai AvenueBeijing 100004China, 47th Floor, Jardine HouseOne Connaught Place, CentralHong KongChina, Slaughter and May announces next Senior Partner, Sustainability and Climate Change Resources, Modern Slavery Slavery and Human Trafficking Statement, Go to Financial Regulation Weekly Bulletin, Go to Sustainability and Climate Change Resources. Became a Partner at Slaughter and May, became COO in May 2022, when Practice! This Year became COO in May 2017 term as Senior Partner, Aedamar Comiskey, into. Managers, and some of the Year no more noteworthy than a man being made one comes... 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