Mayer Brown litigation partner Clare Canning is set to leave the firm to become global general counsel at Ernst & Young (E&Y).
Canning is best known for her role defending E&Y in a major claim brought by Equitable Life in 2002, when she was head of litigation at Barlow Lyde & Gilbert (BLG) (7 February 2005).
Equitable Life was forced to drop its £2.6bn claim against its formers auditors after spending £40m on legal fees (26 September 2005).
Canning quit BLG for Mayer Brown in 2007. Her departure was seen as a major blow for the firm (1 October 2007) and she was succeeded by Julian Randall, who has also since left BLG, joining Taylor Wessing last October (26 October 2010).
While at Mayer Brown Canning secured a major mandate for Northern Rock after being instructed by Andrew Caldwell of BDO Stoy Hayward, who had been appointed by the Treasury to put a value on the bailed-out bank’s shares (2 October 2008).
At E&Y Canning will succeed Trevor Faure, who joined the company in 2008 to build the global counsel office (30 January 2008). He will become global leader in E&Y’s legal services sector.
In his new role Faure will be support E&Y’s business development of major law firm and legal department clients with a focus on strengthening its position in the legal profession, the company said.
E&Y global managing partner global quality and risk management Victoria Cochrane said Canning “is enormously experienced and well respected across the global legal profession and will make a great contribution to our organisation”.
In a statement, Mayer Brown senior partner Sean Connolly said: “This is a tremendous achievement and one that’s very well deserved. We offer Clare our best wishes for continued success.”