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Bates Wells Braithwaite has announced the “untimely” death of former senior partner Stephen Lloyd, who was killed on Wednesday (20 August) in a boating accident while on holiday in Wales.
Lloyd joined the firm in 1984 as a partner from an in-house role in the insurance industry. He began his career at legacy Freshfields.
Stephen Lloyd, Bates Wells Braithwaite
Formerly Bates Wells’ head of charity law, Lloyd took up the role of senior partner in 2006 from John Trotter (3 April 2006). He stepped down from the position in April last year.
Lloyd chaired or sat as a trustee and director for several charities and related organisations. He is also credited with the creation of the Community Interest Company (CIC), which is a legal structure for social enterprises. More than 10,000 CICs have been registered in less than a decade.
In a statement the firm said: “It is with shock and deep sadness that we report the death of Stephen Lloyd, our colleague, friend and inspirational former senior partner, who gave so much to the charity and social enterprise sector. Stephen died on Wednesday 20 August in a boating accident on holiday in Wales. Our thoughts are with Lorna and their four sons.”
Sir Stuart Etherington, chief executive of national charities body NCVO, said: “Stephen’s unparalleled expertise combined with his innovative thinking and sheer passion for the work of charities and social enterprises made him rightly one of the most respected figures in the voluntary sector.
“Our sector is so much the stronger for his lifetime of work. I will greatly miss his friendship and his wisdom. Stephen worked closely with many of us at NCVO, and our thoughts are with his family.”
In a blog post, Rod Schwartz, founder and CEO of ClearlySo, which helps social entrepreneurs raise capital, said Lloyd was “a great human being” and “indisputably the social impact investment sector’s leading legal light”.
Schwartz wrote: “There were few organisations, structures, laws and regulations which pertained to this crazy field of ours in which he did not have some role. His energy was boundless, his dedication total and his insight – razor sharp.”