‘Good financial prudence’: Dentons’ European arm makes cash call

Partners asked for between €6m and €7m to cut debt.

The European arm of Dentons has made a capital call on partners to raise an additional €6m to €7m in a move to cut bank debt, described by European chief executive Tomasz Dabrowski as ‘good financial prudence’.

European partners – excluding the UK which operates as a separate legal entity – have each been asked to contribute up to €100,000 extra over a two-year period.

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QBE reviews UK panel following appointment of global GC

Australia’s largest global insurer QBE is to launch a review of its UK claims panel, following the appointment of a new group general counsel (GC) earlier this year.

One partner, whose firm is tendering for the panel, told Legal Business that while the terms of engagement were not yet clear, the review was ‘imminent’. QBE refused to comment on the process.

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Is Kennedys keeping up? Insurance player claims innovation and expansion provide the right cover

Kathryn McCann and Victoria Young discuss Kennedys’ prospects with longstanding senior partner Nick Thomas

‘I’d like to tell you that Kennedys is a crap practice,’ one law firm leader tells Legal Business, ‘but it is reasonably good. The unfortunate thing is that it follows rather than leads in its market and that’s a strategic disadvantage.’

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Perspectives: Peter Wexler, Schneider Electric

French energy management company Schneider Electric has been on a buying spree lately, most recently with its £3.4bn acquisition of Invensys, completed in 2014. These deals have seen the number of lawyers at the company rise to nearly 300, leading Peter Wexler, Schneider’s US-based group general counsel, to reflect on what it means to lead and train a legal function.

‘One of the key things about leadership is how you develop your talent,’ says Wexler. ‘I want to be around good people and smart people, so I personally interview most if not all who join this department. I tell them this: “If you make a decision and it’s wrong we’ll fix it, and if it’s well-reasoned and in the best interests of the company then I will support you even if it ends up being a catastrophe because I don’t want you to be afraid of making decisions.”‘ Continue reading “Perspectives: Peter Wexler, Schneider Electric”

Contenders step forward as race for Squires European head begins

Longstanding leader Crossley set to retire at year end

Frontrunners have emerged in the contest to become the new Europe and Middle East managing partner at Squire Patton Boggs, after longstanding leader Peter Crossley confirmed his retirement in September.

Two senior partners have been touted internally and externally as favourites for the role: London managing partner Robert Weekes and EMEA global corporate chair Jane Haxby.

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Perspectives: Sabine Chalmers, Anheuser-Busch InBev

‘The leadership aspect of my role has definitely increased as the company has grown,’ notes Sabine Chalmers, Anheuser-Busch InBev’s chief legal and corporate affairs officer. Following AB InBev’s $104bn acquisition of SABMiller, this is putting it mildly. Mega-deals aside, the need for leadership skills has also come with the broadening of the legal function at large corporations. ‘When I first started I was just responsible for legal. Since then I have taken on corporate affairs, communications, regulation, sustainability and corporate and social responsibility. Handling all that puts a big focus on leadership.’

Early in her career, Chalmers was given an enduring piece of advice by a chief executive. ‘If you want to spot a leader look for three things: judgement, influence and drive.’ It is a benchmark she has continued to use in measuring both her own progress and the potential of her team to step into more senior roles. ‘As a GC you are expected to get the law right and advise appropriately, but the big differentiator is the judgement you apply to that. If you don’t have the influence or the drive to take your judgements through to conclusion there’s no point in having the job of general counsel.’ Continue reading “Perspectives: Sabine Chalmers, Anheuser-Busch InBev”

Perspectives: Albert Wang, 3M

‘There are all sorts of platitudes about leadership,’ says Albert Wang, general counsel (GC) for Asia-Pacific at 3M. ‘You hear them all the time: walk the talk, lead from the front, lead with integrity, and be authentic. They’re platitudes, but that doesn’t mean they’re not true. When I think about the leaders that have inspired me, all of those qualities resonate.’

Another platitude GCs slip into when discussing leadership is ‘talking the language of business’. This strikes a chord with the Shanghai-based Wang. ‘We have a very engineering and science-focused culture, and engineers talk in data. We used to see PowerPoint presentations that ran to hundreds of slides with overflow of information. There is now a trend to strip that detail out and simplify it into pictures or ideas or to develop a dialogue rather than a one-way presentation. It’s not about being updated, it’s about identifying problems and working out how the business can solve them. That, in essence, is talking the language of business.’ Continue reading “Perspectives: Albert Wang, 3M”

Perspectives: Suzanne Wise, Network Rail

‘In the legal profession people don’t always let go quickly enough. That mentality can be destructive if it gets carried in-house,’ says Suzanne Wise, group general counsel (GC) and company secretary of Network Rail, the public body that owns and maintains the bulk of the UK’s railway infrastructure. For Wise, learning to let go is one of the distinguishing features of a successful GC.

‘You don’t get into the technical details of your function at a very senior level because discussions tend to be much more focused on the business as a whole, and the expectation is that you will take full part in those discussions. Communicating and influencing skills are very important if you want to move into a senior position in-house because an awful lot of what you find yourself doing is not legal work.’ Continue reading “Perspectives: Suzanne Wise, Network Rail”

Winning hearts and minds (but mainly hearts) at Linklaters

The best Freshfields corporate lawyer Silk Street ever produced is now leading Linklaters, with incoming senior partner Charlie Jacobs ushering in a very different style at the City giant to the technocratic revolution pushed through by previous regimes.

The charismatic South African has long stood out, not only for a clubbable style more associated with Freshfields’ deal team but also for an entrepreneurial drive that looked increasingly exceptional amid Linklaters’ more seasoned M&A lawyers (the firm promises the next generation of M&A partners will rectify that).

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