Wonga plumps for Capquest legal head Flynn as new general counsel

This week we learnt that Wonga has appointed debt management company Capquest Group legal boss Bill Flynn as its new general counsel.

Flynn’s appointment follows two senior departures from the pay-day loan company’s in-house team. In June 2014 general counsel Lucy Vernall quit to join internet lender Funding Circle.

Vernall is understood to have reported directly into legal vice president Justin Hubble, who oversaw Wonga’s legal function. Hubble has now also left the business, less than a year after joining from Betfair where he was legal director.

Wonga hit the headlines last year after sending letters threatening legal action from non-existent law firms to around 45,000 customers, leaving open to £2.6m of compensation claims.

In the end Slaughter and May was drafted in to advise Wonga on a voluntary agreement with the Financial Conduct Authority, which saw it write off £220m of debt from around 330,000 customers.

Also on TheLawyer.com:

Featured Briefings
Employment – Shoosmiths: Top 10 employment liabilities to look out for when buying a business
IT – Herzog Fox & Neeman: Social media policy in the workplace – the sequel
Employment – Bates Well Braithwaite: Meaning of ‘establishment’ for collective redundancies
Pensions – Wragge Lawrence Graham & Co: Budget 2014 to pension flexibility 2015
Tax – Eversheds: Proposed new tax rules: disguised fee income