Venture capitalist 3i is facing a major shake-up of its in-house counsel after losing three lawyers in four months.
Judith Archibold, who has been with the company for five years, is the latest lawyer to leave the FTSE 100 investment company to join a law firm. Archibold is going to Newcastle practice Dickinson Dees.
Fellow 3i lawyer Peter McLintock announced he was joining Wragge & Co as a partner in May (The Lawyer, 17 May). Marina Fariba is also leaving and will join Pinsent Curtis.
But the company has responded by recruiting four new lawyers, bringing its numbers up to 24 at its two offices in London and Birmingham.
Duncan Reid joins 3i's Birmingham office from Pinsent Curtis. Simon Holland, an in-house lawyer who has worked at 3i before, comes back to the fold from Ford Credit Europe as senior adviser. The company is also in negotiations with two more lawyers.
A 3i spokeswoman denies the number of departures is unusual.
She says: “It is just turnover of staff.
“There were quite a few [departures] that happened quite suddenly over a short period of time but these things happen. All the departures have been particularly happy.”