Hello and welcome to the Fides Weekly Update, your digest of this week’s key legal trends, moves and developments from across the globe.
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1). Norton Rose launches legal operations consultancy with the hire of Barclays MD
Former Barclays legal executive Stephanie Hamon has joined Norton Rose Fulbright to launch a legal operations consulting practice.
The division, which will launch in August, is part of the firm’s innovation programme NRF Transform, and will offer advice to in-house legal teams on strategic legal consulting, legal operations and legal operations delivery.
Previously Managing Director and Head of External Engagement at Barclays, Hamon joined the bank from Clifford Chance in 2015 where she was head of business development in the Hong Kong office.
She is known for transforming Barclay’s legal purchasing process, cutting the bank’s roster from 400 to 140 firms in 2016, and again to under 100 firms in 2018 before the bank phased out its legal panel process altogether.
The framework she implemented – known as ‘active relationship management’ –
established defined expectations against which legal advisers were assessed and pushed the use of ‘effective fee arrangements’ (EFAs) ahead of hourly rates. Alongside alternative pricing structures, law firms were also assessed on their use of innovation and progress on diversity and inclusion.
Based on this model, the new practice will operate with no hourly rates, with Hamon telling Legal Business NRF’s openness to alternative fee arrangements was one of the main factors in her decision to join the firm.
When commenting on the move, she said: ‘There is a growing need in the market for legal operations advice and there are not many people delivering it.’
‘In my view legal operations it is all that helps [GCs] run their legal department like a business. From analytics, demonstrating the value your team can bring to the company, to pricing and relationship management. Some companies already have legal ops teams but the level of maturity can be very different.’
NRF’s move into consulting is a challenge to the Big Four and other alternative legal services providers as firms look to expand their offering.
2). Movers & Shakers
Real estate partners Tim Webb and Emma Maher are leaving the firm for KPMG, while corporate finance partner Kate Eades is moving to KPMG’s legal services business
Mark Ingram, who was made up to partner in 2017, will make the move in August
Capital markets and funds partner Jonathan Bloom has left the U.S. firm’s London base to found a new three-lawyer boutique firm Avonhurst, with PwC Legal’s former head of banking and finance Laetitia Costa, and Nigel Heilpern, head of London real estate at King & Spalding until he left the firm last year
Sarbajeet Nag, senior associate in A&O’s leveraged finance and capital markets team, is to join the London office of Milbank as a partner
Former Barclays legal executive Stephanie Hamon is joining Norton Rose Fulbright to launch a legal operations consulting practice for in-house teams
Greenberg Traurig has expanded its labour and employment practice capability in Amsterdam, hiring partner Thomas Timmermans from Norton Rose Fulbright
Jones Day has made a rare hire in its London office with the addition of construction litigation partner James Pickavance from Eversheds Sutherland
White & Case tax partner Prabhu Narasimhan is set to make the move to Bakers to grow the firm’s corporate, banking and finance, private equity, capital markets and tax practice
Mergers & Alliances
The 32-lawyer former Ince branch has offices in Paris, Le Havre and Marseille and will now be known as Stream
Inclusion and Diversity
Technology and Innovation