The deputy head of Herbert Smith’s competition group Elizabeth McKnight has been promoted to take on a new role designed to merge the firm’s non-contentious and contentious financial services regulatory (FSR) practices.
In her new role as head of Herbert Smith’s FRS practice, McKnight will work closely with Financial Services Authority (FSA) lateral Martyn Hopper and Scott Cochrane, the partners who are coordinating the firm’s contentious and non-contentious work.
The move will enable Herbert Smith to offer clients combined expertise on competition and financial services regulation.
Commenting on the move, McKnight argued that, in addition to the overlap between the subject matter, there is an increasing overlap between each of these departments thanks to the recent mergers in the banking sector.
Herbert Smith’s FSR practice counts Lazards, Merrill Lynch, Goldman Sachs and the Bank of Ireland as clients.
McKnight, who will also continue in her role as deputy head of competition, joined Herbert Smith in 1994. Her clients include Lloyds TSB Bank, Global Aerospace, Vodafone and Northern Ireland Electricity.