Blue chip merchant bank Schroders has recruited in-house lawyer James Watkins from shipping company Trafalgar House, which was recently taken over by Norwegian group Kvaerner. Watkins, 50, will be group legal director at Schroders, a post he held at Trafalgar House. He was articled with Linklaters & Paines and qualified as a solicitor in 1969. He worked in Cleveland, US, from 1970 to 1971 as a visiting attorney with Squire Sanders & Dempsey and then rejoined Linklaters & Paines, becoming a partner in 1975. He was a senior partner in charge of the firm's Hong Kong office from 1986 to1994.