Turning into a associate in a regulation agency is a crowning achievement for any lawyer – however, as highlighted in Lawyer points previous, high-flyers are discovering new profession alternatives after a life in personal follow.
This week The Lawyer revealed that one other one in all Slaughter and Could’s most revered M&A dealmakers can be bowing out of the agency on the finish of the yr. Retirements at regulation companies are commonplace, however coupled with the announcement made by Nigel Boardman final month, William Underhill’s exit marks an finish of an period for Slaughters’ old-school company veterans.
Whereas Boardman’s staying on at Slaughters as a advisor and head of its Africa group, Underhill can be handing in his door move and isn’t anticipating to crop up in one other regulation agency. After a well-earned relaxation, he might effectively re-emerge on the coverage or regulatory aspect of issues after a time period serving as chairman of the Metropolis of London Legislation Society Firm Legislation Committee.
Another choice open to non-public follow legal professionals is shifting in-house, which Latham & Watkins associate Andrew Macklin determined to do over the summer time. Now appearing as interim authorized head at Monzo Financial institution, Macklin has ditched the company US mentality and joined one of many disruptors. Now that’s modern.
In an identical vein, it emerged this week that Goodwin can be shedding three companions; Mark Soundy, Sarah Priestley and Ben Eaton, the latter of whom is off to Greenberg Traurig. It’s been lower than two years at Goodwin for Soundy and Priestley, who’re prone to re-emerge at one other US agency quickly sufficient. Hardly the long-term funding Goodwin would have hoped for after they arrived.
There are various elements for shifting out of personal follow, though the hunt for work-life steadiness is without doubt one of the most convincing. As a part of The Lawyer’s annual UK 200 report, we surveyed companies’ billable hours, revealing which demand probably the most from their associates. We additionally revealed this yr’s full rankings for the largest UK companies by income, a market now producing over £25bn in income.