Intact Press Release. 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. Receive approaches from top law firms and in-house employers when they want someone just like you. 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! Partner since 1991. Until then she will continue to work in her fee paying role as a partner at Slaughter and May. Deborah was formerly the head of both the Disputes group and the Global Investigations group at Slaughter and May. Slaughter and May has raised trainee salaries for the second time in a year. Slaughters is traditionally a conservative and pragmatic firm, and seems to be fully prepared to adapt its strategy when it makes sense to do so. Slaughters, meanwhile, remains one of the few top US or UK law firms operating a pure lockstep structure under which partner pay is based on seniority. The Africa practice at prominent UK law firm Slaughter and May has a new leader. The moveis intended to bea shift towards a more contemporary model as a response to a growth in responsibilities of the executive function. offers FT membership to read for free. 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: Slaughter and May today announces that the following will become partners on 1 May 2021: James Cook (Corporate) Claire Cooke (Financing)Laura Houston (IP/IT)Charlie McGarel-Groves (Financing)Peter Wickham (Disputes and Investigations), 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. London's Keystone Law boss eyes 'busy market' and post-pandemic recruitment. 23 Mar 2022 Men dominate Slaughter and May partner promotions in first year after publication of diversity targets Just one woman made up in eight-strong cohort although five-year average is just shy of long-term goal By Victoria Basham & John Malpas Megan Sandler and Vincent Chan Images courtesy of Slaughter and May At the time, Cooke said the election of M&A head Roland Turnill more than two years before he is due to assume the role was consistent with our approach of long-term decision making as we bring in a new management structure over the coming months. Getting warmer: Have heat pumps finally cracked the mainstream market? She is also listed as a Hall of Fame individual for Commercial Litigation, Banking Litigation and Financial Services: Contentious Regulatory in Legal 500 2023. Please elaborate why you would be worried? She joins a number of other women to be awarded topleadership roles at promninent UK firms this year, includingKaren Daviesbeingelected as Ashurst's global chairandLinklaters naming Aedamar Comiskey as its senior partner. Awards 2023: Investor of the Year, City A.M. Roland will continue in full time practice, working with clients until a transition period begins in early 2024. In May this year the law firm announced a new target of at least 40 per cent of its equity partner promotions globally to be women by the end of 2027. WebProvided by Slaughter and May UK Senior Partner: Steve Cooke Number of partners: 110 Number of fee earners: 561 Contacts: Asset Management: Paul Dickson Capital Markets (Equity): Rebecca Cousin, Richard Smith Capital Markets (Debt): Matthew Tobin Commercial Contracts: Duncan Blaikie, Richard Todd, Oly Moir 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. Deborah will take up the 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. Zalando forced to axe jobs as retailer admits it expanded too much, Cost of living: Brits switch to discount brands while 1.7m have cancelled subscriptions like Netflix, reveals Lloyds, City A.M. All Rights Reserved, Law Firms and Service Providers Mentioned. The protocol at Slaughter and May is that the senior partner retires from the firm at the end of his or her term to ensure clarity of succession - so that the new senior partner does not have to worry about the possibility of the old senior partner second-guessing decisions. Steve worked in our former New York office from 1989 to 1990. RSA Group is a wholly owned subsidiary of Intact Financial Corporation (Intact or IFC). You can still enjoy your subscription until the end of your current billing period. This button displays the currently selected search type. Hoseasons appointment completes a major overhaul of Slaughters management structure that brings it broadly in to line with the model adopted by most other leading law firms. Roland joined Slaughter and May in 1996 and became a Partner in 2004. Finkler takes up the newly-created role on May 1 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. Move completes modernisation of Magic Circle UK firm's management structure following election of first managing partner. 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. Deborah Finkler will be Slaughterand Mays first female managing partner as the Magic Circle firm restructures its executive team. I don't know Deborah, but I presume that her leadership has been well established and tested within Slaughters for many years. Chambers and Partners 2023, Banking Litigation, Sources describe Deborah as hugely experienced and [she] provides great strategic insight for the conduct of banking litigation. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Deborah is listed in Whos Who Legal as a Global Leader in Commercial Litigation 2022 and Investigations 2022. In the meantime, my priorities are to support Steve and to help to further build and develop the firms client relationships. He has a general corporate and M&A and investigations practice, with particular experience in takeover bids and other Stock Exchange related work. For cost savings, you can change your plan at any time online in the Settings & Account section. news@globallegalpost.com, Copyright 2023 The Global Legal Post. Slaughter andMay has elected litigation partner Deborah Finkler to be the firms first-ever managing partner. Check if your Solicitor and Justice First Fellow at Derbyshire Law Centre. Its even more shameful that it is news worthy, women leading industry should not be out of the ordinary!! I am delighted to be joining Slaughter and May at this moment in time, said Hoseason. She has written numerous articles, given talks and appeared on panels in the UK and the US on a range of subjects including Commercial and Banking Litigation, Private Equity, Regulatory Investigations and Crisis Management. Allen & Overy also pays its NQs 100k - but only when a bonus is included. In other news, Slaughter and May has also announced that Deborah Finkler has been elected as the firms first Managing Partner. Over the summer, Slaughter and May also boostedbase salary for its newly-qualified solicitors to 100,000, matching Clifford Chance, Freshfields and Linklaters. The firm had raised trainee salary in February from 45k to 47k (first year trainees), and 51k to 52.5k (second year trainees). Premium access for businesses and educational institutions. Not many, for becoming a lawyer is an unusual career path for a leader. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. Deborahs practice covers the broad spectrum of commercial litigation as well as domestic and cross-border investigations. He is the author of Takeovers (PLC Publications 1997). Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. 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. Intact Press Release. In a significant change for the firm's leadership structure, the newly created role will take on the functions of the current head roles of Practice Partner, as well as strategic elements of the Executive Partners role. replacing the long-standing roles of executive partner and practice partner from next May, Karen Daviesbeingelected as Ashurst's global chair, Linklaters naming Aedamar Comiskey as its senior partner, departure of Slaughters partner Murray Cox for Weil Gotshal & Manges, One year on, International Bar Association vows continued support for Ukraine, Top US law firms unite to support Covington in fight against SEC over client information, Latham & Watkins makes up 23 counsel to partner in latest round, 'The private client landscape is changing faster than ever' The Global Legal Post launches private client law guide, Securities class action settlements grew 142% globally in 2022, 'We are always alive to opportunities' - Reed Smith's first woman leader takes helm after predecessor's abrupt career change, Garrigues sustains growth streak as turnover rises 7% to top 443m, Clifford Chance targets Singapore's digital transformation drive with top-level hire from Norton Rose Fulbright, Sweeping new US cosmetics act raises the make-up bar, Creating safe spaces for neurodivergence in the workplace, Slaughter and May elects first-ever managing partner. Slaughter and May has elected litigation partner Deborah Finkler to be the firms first-ever managing partner. Cooke added: [Finklers] reputation as a practitioner is outstanding and she combines this experience with great knowledge of the firm from her time as head of our disputes and investigations group and as a previous member of the partnership board. Finkler, a graduate from the University of Cambridge, where she studied economics and law, became a partner at Slaughter and May 30 years ago, after five years as an associate at the company. The promotions of these five talented lawyers reflect the enduring strength of the firm across the piece., 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 five new partners, 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. Slaughtersremains one of the few top US or UK law firms operating a pure lockstep structure,inwhich partner pay is based on seniority. The creation of the Managing Partner role marks a significant change for the firm, said Finkler in a statement. As managing partner, Finkler will work closely with Wittmann, Stacey and senior partner Steve Cooke in the ongoing search for a COO, but will continue her fee earning work until early 2022. In a surprise move, in September Slaughters also elected a new senior partner-in-waiting, well ahead of the end of current incumbent Steve Cookes term in May 2024. Deborah has also led our teams on various financial crime and mis-selling enforcement actions brought by the FCA. Slaughter and May has elected litigation partner Deborah Finkler to be the firms first ever managing partner. All Rights Reserved. New starters will get 50k, up from 47k. Slaughter and May announces five new partners Slaughter and May today announces that the following will become partners on 1 May 2021: Partner James Cook 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. We support credit card, debit card and PayPal payments. Your experience on this site will be improved by allowing cookies. You may change or cancel your subscription or trial at any time online. Roland Turnill will take up the role on 1 May Fellow Magic Circle firm Allen & Overy pays its trainees 47.5k in their first year, and 53k for year two. and other data for a number of reasons, such as keeping FT Sites reliable and secure, "It was a pleasure to work alongside the Intact and RSA teams, including Stephanie Lee Group Deputy General Counsel at Intact and Paul Bickley Legal Operations Director & Senior Legal Counsel at RSA, to facilitate this large-scale and uniquely complex transaction, which will pave the way for others in this high-growth market. In a significant change for the Jonathan Marks, Partner and Head of the Insurance Group at Slaughter and May said, We are delighted to have advised Intact and RSA on He has been a member of the Partnership Board since 2016. Deborah is recognised as an Eminent Practitioner for Banking Litigation and Financial Services: Contentious Regulatory in Chambers and Partners 2023. Steve acts for a number of listed companies including FTSE 100 clients Aviva, Barratt Developments, BAT, Centrica, Diageo, Hikma Pharmaceuticals, International Airlines Group, Reckitt Benckiser, Rolls-Royce and WPP and FTSE 250 clients Big Yellow Group, Morgan Advanced Materials, Morgan Sindall and Spectris. cookies 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. Can you really appoint a leader? If you would like to discuss further please get in touch with your usual Slaughter and May partner or alternatively contact: Jeff Twentyman Partner jeffrey.twentyman@slaughterandmay.com Harry Hecht Partner Finkler will start the new role in May 2022, when current Practice Partner David Wittmann and Executive Partner Paul Stacey step down. Finkler, who joined the firm in 1986 and became a partner in 1991, is a leading legal figure in the field of banking and commercial litigation, as well as domestic and cross-border regulatory investigation. These were roles to which she brought great drive and integrity and make her ideally equipped to be the firms first Managing Partner. The firm declined to comment. This is the largest ever bulk annuity transaction from pension schemes to insurer, covering 40,000 scheme members. 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. "I am looking forward to shaping the role of and hiring the COO over the coming months.". Finkler described the creation of the managing partner role as a significant change for the firm as it moves to modernise its leadership structure. A women being made Managing Partner is no more noteworthy than a man being made one. I was also excited to try something new. 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. Debate over the viability of the pure lockstep model was sparked by the departure of Slaughters partner Murray Cox for Weil Gotshal & Manges in February, a rare lateral hire out of the firms flagship corporate team. He headed our Mergers and Acquisitions practice from 2001 to 2016. Finkler will begin a handover period early next year and take up the new role in May 2022 after David Wittmann and Paul Stacey, practice partner and executive partner respectively, retire. Until then she will continue to work in her fee paying role as a partner at Slaughter and May. WebChair and Managing Partner Elect. Finklers election comes just a few months after the Deborah is described as a renowned litigator with real gravitas and experience. I Second year trainees will get 55k, up 2,500 from 52,500. Senior partner Steve Cooke Slaughter and May is to shake up its management structure, replacing two top positions with new roles - including a chief He is Head of the firms Mergers and Acquisitions practice and Co-Head of the Financial Institutions Group. She acts on substantial and complex commercial disputes for a wide range of clients, as well as on restructuring and insolvency. or 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. Finkler will begin a handover period early next year and take up the new role in May 2022 after David Wittmann and Paul Stacey, practice partner and executive partner respectively, retire. The law firm offers: Experience supporting clients in Phase II Tags Slaughter and May, the leading international law firm, today announces that it has elected the firms next Senior Partner. Due to qualify as a solicitor at Slaughter and May in March 2023.

I am highly motivated and work with a critical attention to detail. 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. "Hurrah! Curious Offer Holder 24 September 21 13:10. For a full comparison of Standard and Premium Digital, click here. Todays news follows the recent appointment of Deborah Finkler who becomes the firms first Managing Partner from 1 May 2022, as part of a change in structure of the executive function at Slaughter and May, which will also see the appointment of a Chief Operating Officer. HSBC doubles down on homeworking as Lloyd's of London pushes for return to City HQ, Pensions better than property? She focuses her practice on commercial disputes and restructuring and insolvency matters and has acted for a wide range of clients, including Santander, JP Morgan and WPP. "Her reputation as a practitioner is outstanding and she combines this experience with great knowledge of the firm from her time as Head of our Disputes and Investigations Group and as a previous member of the Partnership Board. WebDeborah Finkler Managing Partner Joined firm 1986. WebOxford Law Graduate (First Class, 2019) and former Foreign and Commonwealth Office policy and communications officer. London Phone +44 (0)20 7090 4088 Download details (vCard) deborah.finkler@slaughterandmay.com Lorie E. Almon Partner And, how a nudge might make you wealthier in later life. Finklers election comes just a few months after the firm announced it would be shaking up its management structure, replacing the long-standing roles of executive partner and practice partner from next May. "It was a great, all-round effort and I would like to thank my team and all the other parties and advisers involved for all their hard work and collaborative approach, One Bunhill RowLondonEC1Y 8YYUnited Kingdom, 2906-2909 China World Office 2No.1 Jianguomenwai AvenueBeijing 100004China, 47th Floor, Jardine HouseOne Connaught Place, CentralHong KongChina, Intact and RSA Group on derisking of Sal Pension Scheme and the Royal Insurance Group Pension Scheme, 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, Largest ever bulk annuity transaction from pension schemes to insurer, covering 40,000 members and c.6.5 billion of liabilities, Transfers risk from the Schemes to a life insurer specialising in managing long-term risks, with access to the reinsurance markets, Landmark deal which addressed significant issues of timing and complexity, paving the way for other very large transactions, Pricing agreed amidst unprecedented market volatility during the LDI crisis, Improvement in pension scheme funding levels due to rising gilt yields created a favourable opportunity for the sponsor to accelerate the Schemes de-risking, as well as de-risk its own balance sheet, and for the Trustees to enhance member security, Transaction facilitated by upfront contribution from Intact of approximately 500 million using excess capital, debt and preferred shares, Complex structuring considerations included accommodating the Schemes' existing longevity and asset swaps, following full implementation of the transaction, PICs solvency ratio would be in excess of 200% on a pro-forma basis, based on 30 December 2022 market conditions. 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