Herbies lawyer heads for Wonga

The former partner who managed Herbert Smith’s relationship with European alliance firms Gleiss Lutz and Stibbe has left the firm for an in-house role at online lending ­company Wonga.com.

Corporate lawyer Henry Raine, who became a ­consultant at the firm in April last year, has taken on a newly created regulatory role at the company.

He will be joined by Lucy Vernall, currently managing partner of technology boutique Kemp Little, who will become Wonga’s first-ever ­general counsel.

Vernall, who joins the company in April, said: “[Wonga] is an IT company looking to disrupt the ­consumer credit space. They’ve been successful in their first phase and are ­looking to create a management structure. The general counsel role is part of this.”

Kemp Little will not be ­filling Vernall’s role, creating instead the position of chief operating officer.

The firm has tasked ­partners David Williams and Paul Garland, who both sit on the management board, with managing the handover.