FTSE 100 aerospace company LucasVarity's general counsel Russell Kelley
has been made redundant.
The move follows the company's takeover by US-based aerospace, automotive
and systems information technology group TRW.
Kelley left the company on Friday with no job to go to. TRW's existing
executive vice-president and general counsel Bill Lawrence takes over
According to Kelley: “There is only room for one general counsel – my
position has been made redundant by the takeover.
“They own us and they don't need two general counsels.”
He adds: “I am in the preliminary stages of looking for another position,
but I am open to staying in Europe and working as a general counsel here.”
Freshfields, which handled LucasVarity's corporate work, is another
casualty of the takeover, which took place in May. The acquisition spelled
the end of almost all of LucasVarity's corporate work in the UK, as
reported in The Lawyer (24 May).
Allen & Overy is likely to handle any remaining UK-based corporate work
since it represented TRW in the takeover talks.
However, LucasVarity's remaining legal team in the US and the UK remain
unaffected by the takeover.
Legal director Paul Almond and the team's remaining 13 lawyers who handle
the operations side of the business are to stay with the new TRW-owned
Kelley also expects TRW, which itself has a 45-strong team of in-house
lawyers – in the US, Germany and Brazil – to continue LucasVarity's use of
Eversheds and Pinsent Curtis to advise the company on its UK operational