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Former Herbert Smith senior partner David Gold will set up on his own as a strategic litigation consultant when he leaves the City firm next month after 37 years.
His practice will aim to find resolutions for long-running complex disputes.
Gold told The Lawyer: “I won’t run cases in a conventional way, but it’s for people who feel I can add value to a particularly difficult dispute, perhaps give a client some new thinking, maybe come up with a settlement strategy, then perhaps look at key documents and raise questions.
“I don’t see myself storming in as a person seeking a change in the lawyers. But I’d welcome a smallish law firm that would quite like to have me partnering them, or some professional agencies. For example, personal injury insurers confronted with a very large matter may well for cost reasons want to work with a traditional insurance firm, but they might feel they’d like me giving them my two pennies’ worth.”
Next month Gold will become Lord Gold of Westcliffe. In September 2010 he was appointed monitor to BAE Systems as part of its compliance overhaul.