Slaughter and May has advised Intact Financial Corporation (Intact or IFC) and RSA Group (RSA) on the buy-in concluded between Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, and the Trustees of two schemes sponsored by RSA Group (RSA), the Sal Pension Scheme (SALPS) and the Royal Insurance Group Pension Scheme (RIGPS) (the Schemes), insuring in total c.6.5 billion of liabilities and covering the pensions of 40,000 members. The employment law itself is not protective of the employee with caring responsibility. Deborah is recognised as an Eminent Practitioner for Banking Litigation and Financial Services: Contentious Regulatory in Chambers and Partners 2023. This is the largest ever bulk annuity transaction from pension schemes to insurer, covering 40,000 scheme members. a major overhaul of Slaughters management structure, has already seen the firm vote in its first managing partner, One year on, International Bar Association vows continued support for Ukraine, Top US law firms unite to support Covington in fight against SEC over client information, Latham & Watkins makes up 23 counsel to partner in latest round, 'The private client landscape is changing faster than ever' The Global Legal Post launches private client law guide, Securities class action settlements grew 142% globally in 2022, 'We are always alive to opportunities' - Reed Smith's first woman leader takes helm after predecessor's abrupt career change, Garrigues sustains growth streak as turnover rises 7% to top 443m, Clifford Chance targets Singapore's digital transformation drive with top-level hire from Norton Rose Fulbright, Sweeping new US cosmetics act raises the make-up bar, Creating safe spaces for neurodivergence in the workplace, Slaughter and May raids Freshfields to secure first COO. Steve worked in our former New York office from 1989 to 1990. Ontier is looking for a paralegal to join its litigation team in London. WebHi, I'm Sade Slaughter, a senior manager in content marketing with a passion for creating and executing strategic content plans that drive business results. "It was a great, all-round effort and I would like to thank my team and all the other parties and advisers involved for all their hard work and collaborative approach, One Bunhill RowLondonEC1Y 8YYUnited Kingdom, 2906-2909 China World Office 2No.1 Jianguomenwai AvenueBeijing 100004China, 47th Floor, Jardine HouseOne Connaught Place, CentralHong KongChina, Intact and RSA Group on derisking of Sal Pension Scheme and the Royal Insurance Group Pension Scheme, Sustainability and Climate Change Resources, Modern Slavery Slavery and Human Trafficking Statement, Go to Financial Regulation Weekly Bulletin, Go to Sustainability and Climate Change Resources, Largest ever bulk annuity transaction from pension schemes to insurer, covering 40,000 members and c.6.5 billion of liabilities, Transfers risk from the Schemes to a life insurer specialising in managing long-term risks, with access to the reinsurance markets, Landmark deal which addressed significant issues of timing and complexity, paving the way for other very large transactions, Pricing agreed amidst unprecedented market volatility during the LDI crisis, Improvement in pension scheme funding levels due to rising gilt yields created a favourable opportunity for the sponsor to accelerate the Schemes de-risking, as well as de-risk its own balance sheet, and for the Trustees to enhance member security, Transaction facilitated by upfront contribution from Intact of approximately 500 million using excess capital, debt and preferred shares, Complex structuring considerations included accommodating the Schemes' existing longevity and asset swaps, following full implementation of the transaction, PICs solvency ratio would be in excess of 200% on a pro-forma basis, based on 30 December 2022 market conditions. university NQ 5 PQE - Financial Services Regulatory Associates, 5+ PQE Senior Corporate Associate, Ireland, 3 PQE Banking and Finance Associate, Jersey, Email your news and story ideas to: Deborah is regarded as one of the UKs leading lawyers in the field of banking and commercial litigation and regulatory investigation. Follow us for breaking news and latest updates, The Trend Micro Cybersecurity Knowledge Hub, 10 services and platforms to unlock your businesss potential, Digital pound coming this decade, unpublished Treasury and BoE report suggests, End of Bank of England 800bn bond buying scheme poses headaches for Treasury and taxpayers. "I am looking forward to shaping the role of and hiring the COO over the coming months.". And, how a nudge might make you wealthier in later life. Steve acts for a number of listed companies including FTSE 100 clients Aviva, Barratt Developments, BAT, Centrica, Diageo, Hikma Pharmaceuticals, International Airlines Group, Reckitt Benckiser, Rolls-Royce and WPP and FTSE 250 clients Big Yellow Group, Morgan Advanced Materials, Morgan Sindall and Spectris. This button displays the currently selected search type. Deborah has been a member of the Commercial Court Users Committee since 2011. New starters will get 50k, up from 47k. She has written numerous articles, given talks and appeared on panels in the UK and the US on a range of subjects including Commercial and Banking Litigation, Private Equity, Regulatory Investigations and Crisis Management. You may change or cancel your subscription or trial at any time online. More details here. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. As if prioritising the profits of the various firms that they have been appointed to increase the profits of was somehow a vital part of their role. He has been a member of the Partnership Board since 2016. At the time, Cooke said the election of M&A head Roland Turnill more than two years before he is due to assume the role was consistent with our approach of long-term decision making as we bring in a new management structure over the coming months. Those who personalising content and ads, providing social media features and to Until then she will continue to work in her fee paying role as a partner at Slaughter and May. Slaughter and May, the leading international law firm, today announces that it has elected the firms next Senior Partner. Slaughter and May is in an ideal position to provide legal tech developers and entrepreneurs with a supportive, stimulating I don't know Deborah, but I presume that her leadership has been well established and tested within Slaughters for many years. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Roland added, It is an honour to have been elected as the firms next Senior Partner and I look forward to stepping into that role in 2024. Allen & Overy also pays its NQs 100k - but only when a bonus is included. I may be proved wrong but I would be very worried if I was a Slaughters partner right now. All the Labour leaders 24 September 21 09:21. HSBC doubles down on homeworking as Lloyd's of London pushes for return to City HQ, Pensions better than property? It is an exciting challenge for me, and I am grateful for the support of my partners as I step up," said Finkler. Slaughter and May, the leading international law firm, today announces that it has elected the firms next Senior Partner. In other news, Slaughter and May has also announced that Deborah Finkler has been elected as the firms first Managing Partner. London Phone +44 (0)20 7600 1200 Download details (vCard) steve.cooke@slaughterandmay.com Areas of expertise Corporate and M&A Law firm Slaughter and May has appointed Deborah Finkler as its first managing partner as the Magic Circle firm restructures its executive team. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. "It was a pleasure to work alongside the Intact and RSA teams, including Stephanie Lee Group Deputy General Counsel at Intact and Paul Bickley Legal Operations Director & Senior Legal Counsel at RSA, to facilitate this large-scale and uniquely complex transaction, which will pave the way for others in this high-growth market. WebAt Slaughter and May, with over 1,200 partners and staff worldwide, everyone's contribution is valued, and we all enjoy an open, friendly and supportive environment. I agree that female owners are not necessarily friends of women employees. ChatGPT no match for high street solicitors, research finds - but surprisingly good at drafting contacts , Supreme Court justices prepare to hear three big cases in Manchester, As application season closes, Legal Cheek's future trainees share their top training contract interview tips. He acts for a number of listed clients including Vodafone, Royal Dutch Shell and Prudential. WebLondon-based Slaughter and May has chosen an experienced female litigator to be its first-ever managing partner, the firm said Wednesday, joining a bevy of law firms in the U.S. Simply log into Settings & Account and select "Cancel" on the right-hand side. We're almost in as much demand as HGV drivers.". Slaughter and May has appointed its first chief operating office after securing the services of magic circle rival Freshfields Bruckhaus Deringers global COO, Jill To find out more and purchase tickets, please click here: https://lnkd.in/ek3_usY, The barrister documented the incident on Twitter, Barrister documented the stand-off on Twitter , The Law Society has applied to the High Court for permission to challenge the governments actions over criminal legal aid reform. In the meantime, my priorities are to support Steve and to help to further build and develop the firms client relationships. Receive approaches from top law firms and in-house employers when they want someone just like you. Check if your Despite the changes to its leadership model, Cookes role as senior partner is set to stay intact. NEWS Who Will Run for Slaughter and May Managing Partner? Andrew Mizner | 14 April, 2022 WebOxford Law Graduate (First Class, 2019) and former Foreign and Commonwealth Office policy and communications officer. Slaughters is traditionally a conservative and pragmatic firm, and seems to be fully prepared to adapt its strategy when it makes sense to do so. Slaughters, meanwhile, remains one of the few top US or UK law firms operating a pure lockstep structure under which partner pay is based on seniority. Deborah is listed in Whos Who Legal as a Global Leader in Commercial Litigation 2022 and Investigations 2022. Finklers election comes just a few months after the The promotions of these five talented lawyers reflect the enduring strength of the firm across the piece., One Bunhill RowLondonEC1Y 8YYUnited Kingdom, 2906-2909 China World Office 2No.1 Jianguomenwai AvenueBeijing 100004China, 47th Floor, Jardine HouseOne Connaught Place, CentralHong KongChina, Slaughter and May announces five new partners, Sustainability and Climate Change Resources, Modern Slavery Slavery and Human Trafficking Statement, Go to Financial Regulation Weekly Bulletin, Go to Sustainability and Climate Change Resources. We are instructed in some of the largest proceedings currently before the courts and the Competition Appeal Tribunal. London Phone +44 (0)20 7090 4088 Download details (vCard) deborah.finkler@slaughterandmay.com offers FT membership to read for free. Yeung will remain a Slaughter and May partner, RollOnFriday understands. Deborah Finkler takes up newly-created managing partner role next May. Steve Cooke says, I am delighted that Roland will be my successor. Earlier this year Slaughter and May, which boasts more FTSE350clients than any other law firm, announced plans to restructure its management team, a move it said was needed given the growth of responsibilities in this area., Senior partner Steve Cooke said Finklers reputation as a practitioner is outstanding., Mishcon de Reya announces new merger ahead of IPO. Roland Turnill will take up the role on 1 May Slaughter and May is a market-leader in complex commercial litigation with particular expertise in large group actions, including those concerned with sustainability and wider ESG matters, and issues of parent/subsidiary liability. In the newly created role of managing partner she will adopt thefunctions of the practice partner, together with the strategic elements of the executive partners role. We regularly advise across many areas and sectors and take on multidisciplinary projects, thus establishing future trends and models while covering all grounds. We are looking forward to The Legal Cheek Awards 2023, taking place on Tuesday 14 March at the Banking Hall in the City of London. The firm had raised trainee salary in February from 45k to 47k (first year trainees), and 51k to 52.5k (second year trainees). In a surprise move, in September Slaughters also elected a new senior partner-in-waiting, well ahead of the end of current incumbent Steve Cookes term in May 2024. All Rights Reserved. Dont miss your best career move. Chris McGaffin, partner at Slaughter and May, added: Over the past years, we have gained a huge amount of expertise working with legal tech companies such as Luminance and those in our 2019 Collaborate cohort. WebAt Slaughter and May, we would be delighted to assist you as you implement your sustainability strategy. UK law firm Slaughter and May has elected Steve Cooke, a mergers and acquisitions heavyweight, as its senior partner as the elite Magic Circle firms continue to Due to qualify as a solicitor at Slaughter and May in March 2023.

I am highly motivated and work with a critical attention to detail. She focuses her practice on commercial disputes and restructuring and insolvency matters and has acted for a wide range of clients, including Santander, JP Morgan and WPP. Getting warmer: Have heat pumps finally cracked the mainstream market? The shake-up, which was unveiled in May, has already seen the firm vote in its first managing partner, litigation partner Deborah Finkler, whowill take up the role next May, when practice partner David Wittmann and executive partner Paul Stacey are due to retire at the end of their respective seven- and five-year terms. Further details on PICs solvency position will be provided along with PICs 2022 year end results in March. The Africa practice at prominent UK law firm Slaughter and May has a new leader. Slaughter and May, the leading international law firm, today announces that Deborah Finkler has been elected as the firms first Managing Partner. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Intact Press Release. One Bunhill RowLondonEC1Y 8YYUnited Kingdom, 2906-2909 China World Office 2No.1 Jianguomenwai AvenueBeijing 100004China, 47th Floor, Jardine HouseOne Connaught Place, CentralHong KongChina, Sustainability and Climate Change Resources, Modern Slavery Slavery and Human Trafficking Statement, Go to Financial Regulation Weekly Bulletin, Go to Sustainability and Climate Change Resources. Slaughter andMay has elected litigation partner Deborah Finkler to be the firms first-ever managing partner. Steve is the Senior Partner of the firm. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. I am delighted to announce Deborahs appointment," said the firm's Senior Partner, Steve Cooke. I Slaughtersremains one of the few top US or UK law firms operating a pure lockstep structure,inwhich partner pay is based on seniority. She joins a number of other women to be awarded topleadership roles at promninent UK firms this year, includingKaren Daviesbeingelected as Ashurst's global chairandLinklaters naming Aedamar Comiskey as its senior partner. Your experience on this site will be improved by allowing cookies. Hoseason joined Freshfields as head of HR from PwC in July 2008, became COO in August 2014 and global COO in May 2017. Over the summer, Slaughter and May also boostedbase salary for its newly-qualified solicitors to 100,000, matching Clifford Chance, Freshfields and Linklaters. Jonathan Marks, Partner and Head of the Insurance Group at Slaughter and May said, We are delighted to have advised Intact and RSA on this landmark 6.5 billion transaction with PIC. 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