Barclays and RBS GCs call it a day

Two high-profile departures from the legal departments at major banks characterise the last week of in-house news.

Last week (9 January) Barclays Capital confirmed the resignation of general counsel Judith Shepherd who is set to leave the company before the summer.

Shepherd joined the bank from Gibson Dunn & Crutcher in 2006, starting as deputy group general counsel for Barclays, then general counsel for global retail and commercial banking before moving into the bank’s investment bank arm Barclays Capital as global general counsel in 2010.

Barclays is yet to name Shepherd’s successor but the lucky individual will pick up a broadened remit with a streamlined global litigation group and newly launched global financial crime team reporting directly into the role.

Meanwhile the Royal Bank of Scotland’s (RBS) chief legal officer Chris Campbell retired this week, prompting the promotion of deputy general counsel John Collins to the role.

RBS is currently in the throws of evaluating its panel process with the help of legal help theorist Richard Susskind who is famed for his theories on ‘debundling’ the legal process.

RBS panel firms Clifford Chance, Allen & Overy and Linklaters are likely to be upping their game as far as efficiency goes ahead of the bank’s panel review later this year.

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Company – PwC: The new general counsel: it’s legal but is it right?
Financial services – Gateley: Government calls time on uncollected debts
Insolvency – Walker Morris: Ratification of a director’s breach of duty
Insurance – Dentons: Changes to social insurance laws