Kids, forget the X Factor – the real talent contest has been at Lloyds Banking Group (LBG). In this showdown, the judges have been LBG’s retail and wealth litigation team, with the prize of a legal disputes chief job replacing Aamir Khan who quit in July to join global LPO Clutch Group
The winner was named as the disputes chief of UBS Wealth, Philippa Simmons, in an internal memo sent to staff yesterday. It brings merry news for all, but a true reality TV fan knows there’s always more than meets the eye.
The juice in this case, according to sources, is that the hunt for that special someone was complicated after The Lawyer revealed that LBG was looking to outsource its retail & wealth and asset finance litigation teams to one of its panel firms.
The process has now been put on the back burner, but whether that stall has something to do with Simmons’ appointment is not known.
Where’s Simon Cowell when you need him?
Also on TheLawyer.com:
- Saudi tycoon Mohamed bin Issa al Jaber has filed a petition in a New York court, requesting that White & Case hand over documents relating to a 10-year-old confidential settlement it had reached for client Barclays
- A former Slaughter and May partner has been named general counsel for the newly-established Competition and Markets Authority (CMA), while the former executive director of the Office of Fair Trading (OFT), Sonya Branch, will become director of enforcement
- The University of Law has been accused of “frightening” students by aggressively chasing debts incurred by people who have never set foot inside the institution