Wonga GC quits for online crowd-funder

Every in-house lawyer likes a challenge but pay-day loans company Wonga’s public lambasting over arrears notices sent to customers from phoney law firms is unlikely to be general counsel Lucy Vernall’s top memory from her three years in the role.

Having left Wonga in the summer, Vernall is now bound for the GC role at crowd funding website Funding Circle .

Vernall joined Wonga in 2011 to establish its in-house legal team after leaving her role as managing partner of technology boutique Kemp Little . Legacy Herbert Smith corporate partner Henry Raine joined a few months later in a regulatory role.

The company has since recruited Betfair’s former legal director Justin Hubble as legal vice-president.

While Funding Circle has so far avoided the sort of headlines garnered by Wonga, it is another online business aiming high. The company recently announced the biggest investment to date in the UK’s peer-to-peer lending industry at $65m (£38m).

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