The magic path

The route from magic circle firm to financial institution was made a little wider this week.

On Monday former Freshfields Bruckhaus Deringer chief Konstantin Mettenheimer announced his exit, opting to take up an offer of chairmanship of asset manager Edmond de Rothschild Group in Germany this summer.

Today, it was Clifford Chance’s turn with Deutsche Bank hiring German corporate partner Daniela Weber-Rey as its chief governance officer and deputy global head of compliance

This isn’t the first time the firm has seen one of its high-flyers head to a financial institution, and it surely won’t be the last. In 2011 former senior partner Stuart Popham joined Citigroup as vice-chairman of EMEA.

And a decade ago Barclays looked to the firm for its general counsel Mark Harding. Now Harding is retiring, could it be that Clifford Chance will be the provider of the bank’s next legal bigwig?

Or do A&O and Linklaters fancy a slice of the lawyer provision action?

———————————————————————

Also on TheLawyer.com:

  • Keystone Law unveils the results of its latest hiring spree with the addition of 10 new lawyers
  • Baker & McKenzie has confirmed it is to merge with UAE firm Habib Al Mulla & Co. The Lawyer first revealed the pair were in talks in March
  • Linklaters client, Royal Bank of Scotland, has lost its Court of Appeal battle with hedge fund Highland Capital sealing a win for litigation boutique Cooke Young & Keidan