Intact Press Release. 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. Roland joined Slaughter and May in 1996 and became a Partner in 2004. Receive approaches from top law firms and in-house employers when they want someone just like you. In the meantime, my priorities are to support Steve and to help to further build and develop the firms client relationships. Please elaborate why you would be worried? I was also excited to try something new. Slaughter and May has raised trainee salaries for the second time in a year. 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: 26th @ 6.54 - employment law generally favours the employer, and employers are trying to exert much more control over emoloyees' personal lives than was previously the case. 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. Jessica Seah Asia Editor Slaughter and Mays long-serving corporate partner Benita Yu has been appointed as senior partner and head of the firms Hong 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. 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. Slaughters' newly-created managing partner role will take on the functions of the practice partner position and the strategic elements of the executive partner role, while a chief operating officer (COO) sourced from outside the partnership will handle the operational aspects of the executive partners role. All the Labour leaders 24 September 21 09:21. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Yeung will remain a Slaughter and May partner, RollOnFriday understands. 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. 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. "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. Deborah will take up the Deborah Finkler, Slaughter and May, has been touted as a possible contender. 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! She was one offive women tipped as contenders for the newly created role, according to legal news provider Law.com. 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. 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 She is also listed as a Hall of Fame individual for Commercial Litigation, Banking Litigation and Financial Services: Contentious Regulatory in Legal 500 2023. WebDeborah Finkler Managing Partner Joined firm 1986. Tags Slaughter and May has elected litigation partner Deborah Finkler to be the firms first ever managing partner. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Find out more. 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. "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. The energy and drive he brings to his client relationships and the excellent job that he is doing currently as Head of M&A and FIG co-head mean he will bring a wealth of experience when he steps into the Senior Partner role in 2024. I agree that female owners are not necessarily friends of women employees. 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. 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. Webitin the legal fraternity there was little surprise yesterday at the news that several partners at Slaughter and May earned more than 2 million each last year. "Hurrah! Litigation partner Deborah Finkler is set to take on the role starting in May 2022. 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. He headed our Mergers and Acquisitions practice from 2001 to 2016. Move completes modernisation of Magic Circle UK firm's management structure following election of first managing partner. The employment law itself is not protective of the employee with caring responsibility. London Phone +44 (0)20 7600 1200 Download details (vCard) steve.cooke@slaughterandmay.com Areas of expertise Corporate and M&A personalising content and ads, providing social media features and to And Karen Davies took up the role as Ashurst's global Chair in August. More details here. Slaughter and May is a market-leader in complex commercial litigation with particular expertise in large group actions, including those concerned with sustainability and wider ESG matters, and issues of parent/subsidiary liability. It is an exciting challenge for me, and I am grateful for the support of my partners as I step up," said Finkler. 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. Roland Turnill will take up the role on 1 May Slaughtersremains one of the few top US or UK law firms operating a pure lockstep structure,inwhich partner pay is based on seniority. Slaughter and May hikes salaries and appoints female Managing Partner, boostedbase salary for its newly-qualified solicitors to 100,000, EXCLUSIVE Akin Gump NQs become the highest paid in the City on 164k, Slaughter and May boosts NQ salary to 100,000, Shearman & Sterling puts NQs on 135k as Slaughter and May and Linklaters increase pay, Slaughter and May restarts salary reviews as Eversheds Sutherland pays back cut cash, EXCLUSIVE Slaughter and May continues salary freeze, EXCLUSIVE Slaughter and May raises pay for associates. 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The Africa practice at prominent UK law firm Slaughter and May has a new leader. 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. He is the author of Takeovers (PLC Publications 1997). Intact Press Release. 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. These were roles to which she brought great drive and integrity and make her ideally equipped to be the firms first Managing Partner. WebChair and Managing Partner Elect. A change in management and the creation of these two new roles is an exciting challenge and I very much look forward to getting started.. In other news, Slaughter and May has also announced that Deborah Finkler has been elected as the firms first Managing Partner. Shameful that it has taken 132 years for a woman to head Slaughter and May. Dont miss your best career move. 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. Deborah Finkler will be Slaughterand Mays first female managing partner as the Magic Circle firm restructures its executive team. You may change or cancel your subscription or trial at any time online. Finklers election comes just a few months after the 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. 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. organisation Deborah Finkler takes up newly-created managing partner role next May. Slaughter and May has appointed its first chief operating office after securing the services of magic circle rival Freshfields Bruckhaus Deringers global COO, Jill WebOxford Law Graduate (First Class, 2019) and former Foreign and Commonwealth Office policy and communications officer. Can you really appoint a leader? WebLondon-based Slaughter and May has chosen an experienced female litigator to be its first-ever managing partner, the firm said Wednesday, joining a bevy of law firms in the U.S. 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 is advising Aggreko plc on its recommended cash acquisition by a consortium comprising I Squared Capital and TDR Capital, Slaughter and May is advising Rolls-Royce Holdings plc on its proposed recapitalisation package, Slaughter and May is advising Sophos on a recommended cash offer for Sophos by Thoma Bravo, Slaughter and May is advising Merlin Entertainments on a recommended cash offer for Merlins entire issued and to be issued share capital, Slaughter and May advised Disney on its involvement in the takeover battle for Sky, A Guide to Takeovers in the United Kingdom, 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, The Walt Disney Company on its acquisition of Twenty-First Century Fox and on its involvement in the takeover battle for Sky plc, Rolls-Royce on its investigation by the SFO, DoJ and MPF and subsequent Deferred Prosecution Agreements and on its 2020 rights issue and recapitalisation package, British Airways on its merger with Iberia and its abortive merger with Qantas, Cazenove on the merger of its investment banking business with J P Morgan, The takeovers/mergers of former ITV companies LWT, Thames, Westcountry, HTV and Carlton. 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