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Gresham computing has hired a Manches associate to its new general counsel post, marking the first qualified lawyer to enter the company.
The software company hired former in-house Philips lawyer Jonathan Cathie to its new in-house legal role in September, where he will report to chief financial officer Rob Grubb and chief executive Chris Errington.
The senior associate left Manches just two months before The Lawyer revealed the firm had gone into administration after paying just £90,000 of a £715,000 tax bill (4 November 2013). Penningtons has now ended up paying £500,000 for the business despite originally setting out for a merger of equals.
He joined Manches in February 2013 from Shoosmiths where he specialised in corporate finance. Previously Cathie had worked for five years in-house at technology giant Philips.
Gresham boosted turnover over the last year – growing by 11 per cent to £0.7m in the six months to June this year, according to Stock Market Wire.
The company provides technology and software advice to financial institutions and serves over 100 major blue-chip companies across Europe, North America and Asia.
Chief executive Chris Errington said: “Jonathan is the only qualified member of our legal team. The CEO, CFO and Company Secretary are the other parties – all are chartered accountants but none are legally trained.
In due course, we may expand our legal team in line with the growth of CTC globally. Right now, we have only just expanded so we are at the start.”