Michael Davison nominated as Hogan Lovells Deputy CEO

Hogan Lovells CEO-select Miguel Zaldivar has nominated, with the Board’s full support and unanimous approval, London-based litigation partner Michael Davison as the firm’s proposed Deputy CEO from 1 July 2020.

An international arbitration lawyer by background, Michael is qualified in England, France and the Republic of Ireland. He currently heads our Litigation, Arbitration, and Employment practice and is involved in the TMT and ENRG industry groups. His clients include AES, Koch and Transocean. Michael has been described by The Legal 500 as “undoubtedly one of the leading practitioners in Europe” and by Chambers as “absolutely brilliant.”

Michael has been a member of the International Management Committee since 2013 and, alongside his client and management commitments, he has been a major supporter of and contributor to the firm’s pro bono work and diversity and inclusion commitments. He has a strong interest in the use of technology including AI to support our clients and is leading a number of projects in this area.

According to Hogan Lovells’ Chair, Leopold von Gerlach: “The Board is unanimous in supporting Miguel’s choice and is very pleased that Michael has agreed to bring his leadership experience and capabilities to the role of Deputy CEO. He has a very strong track record as a long-serving practice group leader and is well positioned throughout the firm to take on the role.”

Commenting on the nomination, Michael Davison says: “Miguel has a very clear sense of where he wants to take the firm with a sharp focus on client service, investment in our key markets, incentivizing collaboration across the partnership, managing our profitability and supporting diversity & inclusion. He and I share this thinking and I am looking forward to working with him.”

The recommendation of Miguel Zaldivar to become the firm’s CEO is subject to a confirmation vote by partners, the results of which are expected to be announced later in December. His appointment would make him the only current Amlaw 50 law firm leader of Hispanic American origin. Michael Davison’s appointment as Deputy CEO is conditional on Miguel Zaldivar’s appointment being agreed by the partnership.

Norton Rose Fulbright launches global payments practice

Global law firm Norton Rose Fulbright has launched a global payments practice to assist businesses around the world in navigating this complex and rapidly developing area.

The multidisciplinary group advises clients in the payments industry in relation to a wide range of matters, including investment activity, new product development, regulatory compliance, privacy and data protection issues, disputes, and the outsourcing of payment technology. The team provides an integrated service across the firm’s practice areas, including corporate/M&A; financial services regulation; risk advisory; data protection, privacy and cybersecurity; intellectual property; antitrust and competition; outsourcing, and dispute resolution.

The team’s clients span the range of market participants, and include banks, non-bank financial institutions, payments providers, technology companies, start-ups, institutional investors, and governmental and regulatory bodies. The practice, which comprises of over 50 lawyers, consultants, risk advisory specialists and government relations professionals will be led by a team of partners from across the firm’s spread of offices.

Norton Rose Fulbright global head of financial services regulation Jonathan Herbst commented: “We have long advised clients in relation to the payments sector and with this new practice, we draw together our corporate, regulatory and disputes experience from across the globe to provide an enhanced service to this fast-growing industry.”

Norton Rose Fulbright FinTech partner Victoria Birch commented: “Payments technology underpins global digital commerce. Major institutions, companies and start-ups in both mature and emerging markets are investing heavily in this space. Our breadth of experience makes our global payments practice ideally placed to help clients navigate the opportunities and challenges presented by this growth.”

Recent matters the global payments practice have advised on include:

  • Advising the UK New Payment System Operator on its acquisition of the Bacs, Faster Payments and Cheque and Credit Clearing Company payment schemes
  • Advising eight leading international banks on their PSD 2 implementation projects
  • Advising Helios Investment Partners on its acquisition of a majority stake in Egypt’s TPAY Mobile
  • Advising AnaCap Financial Partners on the acquisition of Hamburg-based StarTec Payment & Service GmbH

If you would like to find out more information, please visit: https://www.nortonrosefulbright.com/

Deloitte LOGO

Deloitte makes long-awaited assault on legal market

Big four accountancy firm Deloitte today confirmed it will join its fellow heavyweights with a move into legal services. The firm has previously rejected the option of expanding into the UK legal sector but has now announced plans to branch out.

As an alternative business structure, Deloitte will provide managed services such as automated document review and contract management, and will provide consulting services to help in-house legal departments to exploit new technology.

Deloitte will also extend its existing legal services in employment law, tax litigation and immigration.

Matt Ellis, managing partner for tax and legal at Deloitte, said the aim is not to replicate a traditional legal practice but instead to initiate a different approach.

‘We’re planning to use our technology and advisory skills to transform legal services and help address many of the challenges lawyers, whether in practice or in-house, are facing in today’s increasingly complex legal environment,’ said Ellis. ‘By automating repetitive processes and completing routine tasks in a fraction of the time, lawyers will be able to spend more time on specialist areas.’

New services will be on offer early this year and Deloitte will apply for an alternative business structure licence. The company says it is ‘investing in new staff’ but has not given a figure for how many lawyers will be recruited.

Deloitte Global will start a complementary legal management consulting business in 10 countries, comprising a team of more than 100 professionals.

The company’s 2016 survey of in-house legal departments found that 62% of legal counsel, general counsel and business leaders wanted to significantly review and transform the way in which their legal function operated.

Deloitte joins fellow big four competitors in trying to tap into the legal services market and potentially replace traditional law firms. PwC legal services has 17 partners, 31 directors and a 350-strong team in total, based in London, Belfast, Birmingham, Leeds and Manchester, with plans confirmed last year for further growth. KPMG and EY have also expanded into the legal market through alternative business structures.