The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Insurance group Pearl is cutting back its legal function following its £5bn takeover of rival Resolution.
The company is currently undergoing a redundancy consultation with lawyers in its life assurance arm, with the aim of reducing headcount from 13 to seven.
Pearl has also appointed lawyers to head its united legal function, with Pearl’s pre-takeover head of legal Jamie McLeod becoming group general counsel and former Resolution lawyer Fergus Speight being given responsibility for the life assurance business.
Former Resolution general counsel Randal Barker left the company last year. He has since joined listed Kazakh commodities company Eurasian Natural Resources Corporation (ENRC) as general counsel and company secretary.
The job cuts, which are in Speight’s department, come after Pearl announced it was closing its Glasgow office following the merger.
McLeod, who has a single lawyer supporting him, is based in London and oversees group activity, including mergers and acquisitions.
Barker’s deputy Philip Hagan has remained at the company and is based in London.
Pearl’s £5bn hostile takeover of Resolution was one of the largest transactions of 2007.
Merger terms were agreed in November 2007 between the two closed life funds, but regulatory approval was not granted until summer 2008.