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Lead sponsor Associate sponsors GC POWERLIST: THE CLIENTS OF TOMORROW TOMORROW THE CLIENTS OF GC POWERLIST: | UNITED KINGDOM 2017 THE CLIENTS OF TOMORROW UNITED KINGDOM 2017 From the publishers of Get minds of steel Critically with acclaimed hearts of gold Great law is built on great relationships, so it helps if you actually get on with the lawyers you work with. RPC combines business brains with passionate people to deliver unstuffy, strategically relevant advice with speed, a smile, Congratulations to all the GCs and senior in-house lawyers recognised as the and a commitment to be better. Always. best of the best in this year’s Powerlist. smarter law smarter law smarterlaw.com smarterlaw.com Winner – Law Firm of the Year – The British Legal Awards 2015 Winner – Law Firm of the Year – The British Legal Awards 2015 Named Best Legal Adviser by Legal Week every year since 2009, including Named Best Legal Adviser by Legal Week every year since 2009, including coming first overall in both 2015 and 2013 coming first overall in both 2015 and 2013 GC POWERLIST 2017 The GC Powerlist looks ahead to the client redefining the profession Alex Novarese, Editor-in-chief, Legal Business and The In-House Lawyer he GC Powerlist returns for its fifth annual report Not only do such lawyers have nothing like the after launching back in 2013 and once more the support or specialist skills enjoyed by their brethren format has evolved. While partially returning in bluechip-land, they often face huge regulatory to the rising star model we used back in 2014, challenges in businesses that are either way in front theT 2017 edition has become a two-hander under the of established law, or are attracting antagonism from unifying title, The Clients of Tomorrow. national agencies (tech-driven businesses tending to On one hand we have, following months of cross borders and inflame local interests). research, identified 55 outstanding individuals working Researching across such wide-ranging sectors and at established companies active in the UK. This group institutions is obviously not an exact science, though is focused primarily on the in-house counsel fast we dedicate substantial editorial resources to this establishing themselves in the middle ranks of their report. Even with months of research, there will clearly teams, typically in their 30s or early 40s. be many talented individuals and companies to watch But, in a departure, the second strand of the that have escaped our notice. But we feel confident research focuses on high-growth companies with that the names included in this report constitute the prospects to be the global giants of tomorrow. some of the most promising in the legal industry, and These are largely, though not exclusively, businesses many that will be defining the UK and European legal underwritten by technology. As such some of the market in the next ten years and more. conventional measures of success have to be adjusted. How successfully City law firms, who are in Many of the businesses we cite already have nine or the main used to focusing on large, bureaucratic even ten-figure valuations despite having relatively businesses, manage to adapt to such institutions small revenues and staff rosters. But growth, and the and a new breed of emerging general counsel with potential to shake up their industry, marks them out different values to the generation before them, will do as names to watch and clients to covet. much to separate the winners from the losers in the The revolution in legal teams and the role of legal industry. in-house counsel at plcs has already been widely In the meantime, in-house counsel continue to chronicled – but the recent emergence of ultra-fast- assert themselves across such new terrain. Many are growth companies that can turn an industry on its only getting started. n head in half a decade means we are only beginning to gauge how in-house counsel will evolve for the age The GC Powerlist 2017 was researched and written of Uber. (One early indication is the recent formation by James Wood, Kathryn McCann and Sarah of the new networking and support group, Disruptive Downey. Additional reporting by Matthew Field GCs, for the lawyers operating in such environments.) and Madeleine Farman. Chairman Reporters Group director Address e-mails to: © Legalease Ltd 2017 John Pritchard (Solicitor) Tom Baker David Goulthorpe firstname.surname@ Editor-in-chief Tel: 020 7396 9309 Tel: 020 7396 5628 legalease.co.uk GC Powerlist Alex Novarese Madeleine Farman Head of sales – GC interim Subscription enquiries Legalease Ltd Tel: 020 7396 9321 Tel: 020 7396 5604 on Legal Business Tel: 020 7396 9313 188-190 Fleet Street Managing editor Matthew Field Lee Cashman E-mail: subscriptions@ London EC4A 2AG Mark McAteer Tel: 020 7396 5674 Tel: 020 7396 5707 legalease.co.uk United Kingdom Tel: 020 7396 5664 Senior business www.legalbusiness. Georgiana Tudor Tel: +44 (0) 20 7396 9292 News editor Tel: 020 7396 5631 development managers co.uk James Air Fax: +44 (0) 20 7396 9301 Victoria Young Content development Copyright applies: no Tel: 020 7396 5686 Tel: 020 7396 5636 photocopying (Copyright manager Ben Lawless Printed and bound by DG3 Research editor Eleanor King Licensing Agency Ltd and www.dg3.com Tel: 020 7396 5623 Publishers Licensing Society James Wood Sub-editor www.legalbusiness.co.uk Tel: 020 7396 5659 Head of research Ltd licences do not apply). Hannah Eccles and consultancy For licensed photocopying www.legal500.com/ Senior reporter Paul Birk within a firm or company, gcpowerlist Kathryn McCann Tel: 020 7396 5632 please call +44 (0) 20 7396 www.gcmagazine.com Tel: 020 7396 9319 Creative director www.inhouselawyer.co.uk Stephen Jones 5648 Tel: 020 7396 9310 UK • GC POWERLIST 2017 1 A title fit for the modern GC Winter edition out now The original title for corporate counsel has been completely reimagined. The In-House Lawyer Winter 2016/17 The In-House Lawyer Winter 2016/17 Transport and infrastructure Transport and infrastructure Getting there With the UK’s transport and infrastructure making headlines, The In-House Lawyer speaks to the leading counsel in the sector about the big issues they face James Wood ransport and infrastructure has long been viewed as one of the less glamorous legal practice areas, best suited to lawyers with the patience for ploughing through the Tminutiae of statutes. But with ever-increasing public and political scrutiny and a rush of private investors looking to park their money in safe assets, it has become one of the most high-profile – and demanding – areas of legal work. According to Patrick Mitchell, global head of infrastructure at Herbert Smith Freehills, it is now competing with finance as a home for ambitious young lawyers. ‘Big, sophisticated investors are getting into the game now and that’s turning a lot of heads. Pension funds are waking up to their financial power and are looking at infrastructure returns as a way of matching their liabilities; sovereign wealth funds are looking for stable returns in a period of uncertainty; and, in the UK at least, politicians are becoming even more acutely aware of the relationship between infrastructure, productivity and national competitiveness. We’re seeing a huge demand for legal work in the sector and the types of deals we’re working on are politically very significant.’ Ashurst partner Mark Elsey agrees: ‘Infrastructure is an increasingly important and high-profile topic, both from a government perspective and for investors. The government clearly sees infrastructure as one tool to negate the impact of Brexit and boost growth, so there is a big political focus on it now.’ The increased profile has led to heightened scrutiny for lawyers in the sector but, says Jane Mee, general counsel of Hitachi Rail Europe, that is part of the attraction. ‘The level of pressure we operate under is inevitable when you’re dealing with members of the public and a large workforce, politicians and regulators and handling big bits of kit that are of national importance. It’s what makes the job fun.’ Going private Infrastructure is big news again. In the US, Donald Trump has campaigned to spend more than $500bn on new projects. It could be bluster, but if even a fraction of that amount ends up being committed 88 | The In-House Lawyer Winter 2016/17 Photograph: © HS2 Ltd Transport and infrastructure | 89 The In-House Lawyer Winter 2016/17 The In-House Lawyer Winter 2016/17 The Risk Survey – The In-House Lawyer and DAC Beachcroft The Risk Survey – The In-House Lawyer and DAC Beachcroft The picture of risk DAC Beachcroft’s Ben Daniels on the importance of establishing the context in which GCs manage risk he multi-faceted nature of risk makes it a complex subject to manage. Formal structures and a pro-active approach can support both the handling of effective risk management and Tmitigation, as well as a crisis. The general counsel has an important part to play at all stages. Having an effective relationship with the business, as well as experience in areas such as M&A, health and safety, competition, compliance, regulatory and reputation management (to name but a few), can see the GC as ringmaster. However, wherever the GC is not seen as core to the organisation, they will be trying to defend the organisation from the sidelines. To explore these issues, DAC Beachcroft has teamed up with The In-House Lawyer to canvass clients on the role and influence of the GC in the management and mitigation of risk – something which impacts all organisations, regardless of risk. The aim of this survey is to establish the context in which GCs manage risk.
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