Lloyds Banking Group deputy general counsel Kate Cheetham has just been appointed general counsel with incumbent Andrew Whittaker ending his two-year reign in May 2015. Cheetham is taking on the role after three years as deputy, having joined in 2012 from Linklaters.
But she may have to get to grips with a completely different, and significantly smaller, team from the one Whittaker had. Exits from Lloyds’ in-house team are becoming rather more common of late, with a shake-up of its legal team potentially resulting in around 25 mid-level redundancies.
One high-profile name to depart is head of disputes Philippa Simmons, who has left the bank amid the restructuring. This follows the announcement by the bank in an internal memo last month that it would outsource the majority of its high-volume litigation work to a third party.
In total Lloyds’ in-house team is expected to drop from 52 lawyers to less than 30.
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