Legal

Key Themes

For most global banking groups and large multinational corporations, external hiring has stagnated as senior legal appointments have been promoted from within. This is due to a continuing focus on utilising and developing internal talent, as well as mounting cost pressures. However, within those sectors that are in growth mode, such as fintech, hedge funds, cards and payments, there has been a good number of General Counsel / Chief Legal Officer appointments. In many cases, firms in these sectors are upgrading their senior legal talent to both match the expansion of the wider business as well as ensure there is proper infrastructure in place regionally to meet regulatory requirements. This has led to a current trend of investing in key leadership hires over and above growing existing talent.

In recent months, Leathwaite has had several inquiries from General Counsel wanting to gain an understanding of the current compensation structures of their peers and what impact COVID-19 is expected to have. Leathwaite has created and sent a survey to over 1000 senior legal professionals globally and will shortly be sharing the results of this survey.

In the UK, Leathwaite will be sending a broader survey to General Counsel later this year to ascertain how the pandemic has affected the senior legal community as well as focusing on pre-existing key topics such as the use of external legal support, the growth of legal functions and the increasing reliance on technology and automation. We will be distributing the results of this survey in a whitepaper in early 2021.

Key Legal Moves: Q3 2020

  • Christopher Twemlow joins Allianz as General Counsel and Company Secretary. He was previously UK and Ireland Chief Legal Officer at Euroclear.
  • Stephen Shapiro becomes Group General Counsel for Barclays, where he was previously Group Company Secretary. He succeeds Bob Hoyt.
  • Bradley Gayton joins The Coca-Cola Company as General Counsel from Ford Motor Company, where he was Group Vice President, Chief Administrative Officer and General Counsel.
  • Sarah Blomfield joins Evercore as Head of Legal and Compliance, EMEA from Rothschild where she was Head of Compliance.
  • Paul Grewal joins Coinbase as Chief Legal Officer from Facebook, where he was Deputy General Counsel.
  • Halimah DeLaine Prado becomes General Counsel at Google, where she was previously Head of Product Legal.
  • Steve Bunnell joins Libra Association as Chief Legal Officer from O’Melveny & Myers, where he was a Partner.
  • David Phelan becomes Chief Legal Officer for State Street Corporation, where he was previously General Counsel. He succeeds Jeffrey Carp who has retired.
  • Sam Lester joins TD Securities as Legal Counsel, EMEA from Credit Suisse, where he was Director, Investment Banking and Capital Markets Legal.
  • James Baker joins Twitter as Deputy General Counsel. He was previously General Counsel of the FBI.
  • Andrew Williams joins Western Union as Regional Head of Legal, Money Transfer & Payments EU / CIS. He was previously General Counsel, Global Integrated Payments at Worldpay.

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