Covington takes on Stephenson Harwood financial services partner

Covington & Burling has hired Stephenson Harwood financial and regulatory partner Charlotte Hill into the London office.

Hill will be focusing on EU and UK financial regulatory matters but working closely with the US to ensure the firm can offer full coverage to clients affected by the raft of new financial services legislation in the EU and the US. She joins the firm with her four years post-qualified associate William Maycock

Prior to joining Stephenson Harwood, Hill was a solicitor at CMS Cameron McKenna. She was also director of legal for the Threadneedle Group and worked in the Enforcement Department at the Financial Conduct Authority’s predecessor, the Investment Management Regulatory Organisation.

Hill said in a statement: “The move to Covington provides me with a platform to further build and expand my existing practice, which is complementary to the firm’s securities regulatory, public policy and government affairs capabilities in London, Brussels and the United States.” She added later: “Stephenson Harwood works with a number of offices abroad but they are not focused on regulatory so much; here it is more holistic”.

Covington’s co-head of the firm’s securities and capital markets practice Bruce Bennett said: “We have been advising a range of clients on the US regulatory changes and now that the European side has progressed we’ve needed to bulk up in England. We have a large regulatory team in the US and as co-head of Covington’s securities and capital markets practice, I have shifted from doing deal work to being almost entirely focused on regulatory matters”.

He said that the volume of new legislation, coupled with the need to join up services for clients in both the UK and the US mean there was a strategic imperative to hire someone like Hill in the UK.

Covington’s managing partner in London Christopher Walter said: “Consistent with our international expansion plans, the London office has grown steadily over the past few years in practices that are strong for us globally, such as international arbitration, anti-corruption, insurance coverage, corporate, life sciences – and now financial services regulation.

Meanwhile it was reported last week that Covington has taken a lead role in advising telecoms giants Microsoft and Nokia on a £4.6bn deal alongside Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom, which will see Nokia’s mobile phone business sold to Microsoft (3 September 2013).