“If HSBC needs it, we sort it”: Meet the bank’s tech-savvy legal team
HSBC’s Digital Business Services Legal team has switched to agile working to maximise its expertise in technology and outsourcing.
“We want them to get to know us:” Deutsche Bank GC on what he wants from external firms
This March, Deutsche Bank celebrated its 150th anniversary of opening in the UK. Head to its office and you will find the artworks being removed ready to line the walls of its new Moorgate base, which staff have been relocating to in dribs and drabs. Deutsche Bank’s GC for UK and Ireland Simon Man has been […]
After Sachdev: Kirkland set to hire Simpson Thacher finance stars
Following the departure of a finance team to Paul Weiss Rifkind Wharton & Garrison over the summer, Kirkland & Ellis is building up again by lining up a new hire from Simpson Thacher & Bartlett. Sources close to Kirkland confirm that leveraged finance duo Ian Barratt and Sinead O’Shea are understood to be making the […]
Panel places up for grabs in NatWest review
NatWest, which this year has been engulfed in a scandal over Nigel Farage’s bank account, has asked firms to pitch for a place on its legal panel. The Lawyer understands that the financial institution commenced the process after the summer. A panel review was always due for this year, with around 10 to 20 firms […]
Revolut buddies up with two firms for mentoring scheme
Senior lawyers from Revolut’s panel firms will mentor in-housers at the fintech as part of a new professional development initiative. While Revolut has its own reverse mentoring scheme internally, the in-house team were keen to mirror this with external providers. They approached panel firms Osborne Clarke and Latham & Watkins with the idea of matching […]
Pioneering the crypto sphere with Zodia Markets’ GC
Zodia Markets made history in 2022 as it became the first crypto trading business to be backed by an international bank and given crypto-asset registration from the UK’s Financial Conduct Authority. Backed by Standard Chartered, it was launched as a partnership between SC Ventures, the innovation arm of Standard Chartered and BC Technology Group back […]
Sachdev nets 10th partner as Paul Weiss gives London hires full equity
Another debt finance partner from Kirkland & Ellis is understood to have resigned to join Paul Weiss, The Lawyer can reveal. Stefan Arnold-Soulby will become the 10th hire as part of the New York firm’s UK expansion, led by former Kirkland finance partner Neel Sachdev. Arnold-Soulby is known to act for Warburg Pincus and Investindustrial, […]
Latest: The Paul Weiss team in full
After a decade of little-to-no lateral hiring in London, Paul Weiss’ City recruits are close to reaching double figures. Here is the team it has assembled so far. The ringleader is finance powerhouse Neel Sachdev, whose main clients are private equity sponsors such as Bain Capital, HG and Warburg Pincus. A big revenue generator for […]
Linklaters and Revolut join forces in new mentoring scheme
Revolut has partnered up with Linklaters, one of its panel firms, to offer a new mentoring scheme with Aspiring Solicitors. Revolut partner and group GC Tom Hambrett, and senior legal counsels Sarah Baldwin and Marley Ali, are driving the initiative alongside panel firm Linklaters to give young people considering a career in law a chance […]
K&E’s star debt finance team leaves firm
A debt finance team of four City partners, led by Neel Sachdev, are exiting Kirkland & Ellis. It is understood that the four are moving to Paul Weiss Rifkind Wharton & Garrison, less than two weeks since news broke that Paul Weiss’s London managing partner Alvaro Membrillera would move in the other direction to K&E. Sachdev […]
NatWest appoints Travers in Farage account probe
Travers Smith has been brought in by NatWest to conduct an independent review of Coutts’ accounts closure policies, amid the ongoing saga over Nigel Farage’s banking arrangements. The firm will undertake an external review of the decision to close the accounts of former UKIP leader Farage. The past few weeks have rattled NatWest, with its […]
City talk: A&O’s high-yield transaction hints at levfin’s slow recovery
Over the last 12 months, giants in the leveraged finance market have been patiently waiting for activity to return for their clients. Earlier this month, the City’s largest leveraged finance team scored a win in energy transition financing. Indeed, Allen & Overy advised on the first LBO and bond for a debut issuer in the […]