The country is reeling after the man with the second most important job in the land quit out of the blue, leaving everyone in agreement about his obvious successor.
That’s right, banking software provider Misys has promoted its top in-house lawyer to acting CEO after the incumbent decided to move on.
The appointment of general counsel and serial tweeter Tom Kilroy as the new chief comes amid merger talks with Switzerland’s Temenos, on which Allen & Overy and Herbert Smith won prize mandates to write the docs.
Contracts of a different kind, however, are the source of discussion when it comes to the decision of some bloke called Fabio Capello to resign as the manager of the England football team.
The Italian’s very own son Pierfilippo - who apparently speaks much better English than his father - negotiated Capello’s managerial employment contract, a document that according to BLP’s Graham Shear probably entitled him to select the team captain, the core of the dispute that led the former Real Madrid boss to resign.
Former FA boss Brian Barwick must have known things were going to come back to haunt him when he introduced Capello to a press conference as a “winner with a capital W” in December 2007.
Here’s hoping Misys’ Kilroy really is a lawyer with a capital L.