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Henderson Global Investors’ UK in-house legal team has shrunk by nearly 30 per cent in the past year following a shift to farming out more of its lower-level work to law firms.
The investment manager’s legal department has decreased in size from 11 lawyers a year ago to eight currently, including general counsel Jacqui Irvine and a head of legal. The team covers Henderson Global Investors and its parent Henderson Group.
None of the three exits – including Josephine Bennett, who is now general counsel at LCM Partners – were a result of redundancies.
Irvine said the group had been working more closely with law firms on matters such as distributor agreements, with this change taking place over recent years.