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. Roland will continue in full time practice, working with clients until a transition period begins in early 2024. 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. London Phone +44 (0)20 7090 4088 Download details (vCard) deborah.finkler@slaughterandmay.com A women being made Managing Partner is no more noteworthy than a man being made one. Finkler described the creation of the managing partner role as a significant change for the firm as it moves to modernise its leadership structure. 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. 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. 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Knowledge Hub, 10 services and platforms to unlock your businesss potential, Digital pound coming this decade, unpublished Treasury and BoE report suggests, End of Bank of England 800bn bond buying scheme poses headaches for Treasury and taxpayers. Andrew Mizner | 14 April, 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. And Karen Davies took up the role as Ashurst's global Chair in August. 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. We're almost in as much demand as HGV drivers.". Steve Cooke says, I am delighted that Roland will be my successor. Litigation partner Deborah Finkler is set to take on the role starting in May 2022. Simply log into Settings & Account and select "Cancel" on the right-hand side. Your experience on this site will be improved by allowing cookies. 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. Chris McGaffin, partner at Slaughter and May, added: Over the past years, we have gained a huge amount of expertise working with legal tech companies such as Luminance and those in our 2019 Collaborate cohort. Partner since 1991. We use Find out more. Slaughter andMay has elected litigation partner Deborah Finkler to be the firms first-ever managing partner. WebHi, I'm Sade Slaughter, a senior manager in content marketing with a passion for creating and executing strategic content plans that drive business results. Move completes modernisation of Magic Circle UK firm's management structure following election of first managing partner. 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. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. The creation of the Managing Partner role marks a significant change for the firm, said Finkler in a statement. 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. Deborah will take up 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 Deborah was formerly the head of both the Disputes group and the Global Investigations group at Slaughter and May. Ontier is looking for a paralegal to join its litigation team in London. personalising content and ads, providing social media features and to London's Keystone Law boss eyes 'busy market' and post-pandemic recruitment. One Bunhill RowLondonEC1Y 8YYUnited Kingdom, 2906-2909 China World Office 2No.1 Jianguomenwai AvenueBeijing 100004China, 47th Floor, Jardine HouseOne Connaught Place, CentralHong KongChina, 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. She is also listed as a Hall of Fame individual for Commercial Litigation, Banking Litigation and Financial Services: Contentious Regulatory in Legal 500 2023. Deborahs practice covers the broad spectrum of commercial litigation as well as domestic and cross-border investigations. Yeung will remain a Slaughter and May partner, RollOnFriday understands. All Rights Reserved. Deborah Finkler, Slaughter and May, has been touted as a possible contender. 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Senior partner Steve Cooke Slaughter and May is to shake up its management structure, replacing two top positions with new roles - including a chief Deborah Finkler takes up newly-created managing partner role next May. I was also excited to try something new. And, how a nudge might make you wealthier in later life. 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. Finklers high profile clients include WPP, who turned to Slaughter and May following the departure of its former CEO Sir Martin Sorrell, and JPMorgan Chase Bankfor help with settlements and UK civil claims following governmental investigations into allegations of attempts to manipulate FX rates. "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. Deborah Finkler will be Slaughterand Mays first female managing partner as the Magic Circle firm restructures its executive team. a major overhaul of Slaughters management structure, has already seen the firm vote in its first managing partner, 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 raids Freshfields to secure first COO. 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. In other news, Slaughter and May has also announced that Deborah Finkler has been elected as the firms first Managing Partner. The firm declined to comment. 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. This button displays the currently selected search type. He has been a member of the Partnership Board since 2016. 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 Until then she will continue to work in her fee paying role as a partner at Slaughter and May. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Awards 2023:Analyst of the Year. 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. 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. Please elaborate why you would be worried? Your experience on this site will be improved by allowing cookies. 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. The firm had raised trainee salary in February from 45k to 47k (first year trainees), and 51k to 52.5k (second year trainees). She was one offive women tipped as contenders for the newly created role, according to legal news provider Law.com. 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. Slaughtersremains one of the few top US or UK law firms operating a pure lockstep structure,inwhich partner pay is based on seniority. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. Premium access for businesses and educational institutions. WebDeborah Finkler Managing Partner Joined firm 1986. Lorie E. Almon Partner "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. TLT is seeking a conveyancing technical support officer in Bristol. WebAt Slaughter and May, with over 1,200 partners and staff worldwide, everyone's contribution is valued, and we all enjoy an open, friendly and supportive environment. or We support credit card, debit card and PayPal payments. 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