Lloyds retail GC to try Coats for size

Lloyds’ retail general counsel Stuart Morgan has grabbed his coat, quite literally

Lloyds’ retail general counsel Stuart Morgan has grabbed his coat, quite literally.  Morgan – believed to be the brains behind Lloyds’ decision to outsource its retail and asset finance litigation teams to a panel firm – is expected to become the first general counsel of thread and zips manufacturer Coats after he resigned from the bank last month. 

Lucy Burton

The decision to bring in a senior lawyer comes months after Coats, the world’s biggest maker of industrial thread, pulled in HMRC chairman Mike Clasper to head up the business. Owner Guinness Peat Group has plans to float the company on the London Stock Exchange.  

It will be interesting to see if Morgan launches a formal panel once he joins Coats. But while Coats keeps buttoned up about future plans, Sainsbury’s has stitched up a new panel, adding TLT and King & Wood Mallesons SJ Berwin to its roster.

See, seamless transitions all round.

Also on TheLawyer.com:

  • The Ministry of Defence increased its spend on external lawyers to £10m in 2012/13 from £3m a year earlier, despite its number of in-house legal staff climbing up to 230
  • Ladbrokes general counsel and company secretary Jonathan Adelman has left the business, with deputy Annabel Bannerman taking on the top legal role
  • Abandoning private practice, James Hulsken went to work on a farm in the office of Brookfield Rose, a consortium of consultancies that’s spreading – organically, of course – across Europe and beyond

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