Well regarded for the strength of its employment, pensions and incentives specialists

Transcription

1 Employment

2 Well regarded for the strength of its employment, pensions and incentives specialists Chambers UK, 2016 Contents 3 Introduction 4 Our Employment practice 6 Our approach to providing legal services 7 Publications and seminars 8 Profiles Cover picture by Grace Fan, Hong Kong, Slaughter and May 2 Employment /

3 Introduction Slaughter and May Slaughter and May is an international law firm with offices in London, Brussels, Hong Kong and Beijing. Our clients include industrial and commercial companies from all business sectors, utilities, banks and other financial institutions, building societies, insurance companies and professional firms, as well as governments, public bodies and other organisations. We have very close working relationships with leading independent law firms in all the major jurisdictions and provide our clients with cohesive multi jurisdictional advice. The Employment group The Employment group is part of our wider Pensions and Employment department, which advises on employment law, employee share schemes, pensions and other employee benefit related matters. The department comprises 6 partners and over 20 qualified lawyers, plus dedicated know how lawyers and trainee solicitors. Our lawyers are multi disciplinary and many of them advise on pensions and/or share schemes as well as employment issues. For more details about the work of the wider Pensions and Employment department, see our separate brochure (available from your usual Slaughter and May contact). The team is excellent and they are able to provide a seamless service Chambers UK, 2017 / Employment 3

4 Our Employment practice Employment is a constantly changing and increasingly regulated area. We provide our clients with practical and commercial responses to the raft of new legislation, case law and regulatory changes, and the many difficult and sensitive employment issues which may arise. We advise on a wide range of contentious and non contentious employment matters, including: drafting and negotiating employment documentation, especially for key senior personnel the latest corporate governance and executive remuneration requirements employment aspects of all commercial transactions including acquisitions, disposals and service provision changes, flotations, takeovers and insolvent restructurings redundancies and restructurings employment disputes and dismissals, particularly those involving senior executives or complex issues involving discrimination and whistle blowing. The majority of employment disputes we deal with are settled prior to a hearing, and the team has considerable experience in negotiating settlements and resolutions. If litigation cannot be avoided, we prepare cases for the employment tribunal and in conjunction with our colleagues in the Dispute Resolution team also act on employment matters in the High Court and the Court of Appeal. Due to its nature the majority of our work remains highly confidential, but some examples of our work is included in the details of key individuals below. A real class act. The Legal 500, Employment /

5 International We are frequently involved in cross jurisdictional employment matters. We therefore have an excellent network of Best Friend firms with whom we coordinate to provide seamless employment law advice in multiple jurisdictions. We exchange knowhow and share our experiences of current trends in the international labour market with them, for the benefit of our multi jurisdictional client base. Pro bono The Employment group works with a number of pro bono clients, including Save the Children, National Literacy Trust, and Juvenile Diabetes Research Foundation. Our lawyers also support clients of the Islington Law Service with employment related queries. Expert opinions on new developments We have an active interest in shaping the development of new employment law, for the benefit of our clients. Our employment lawyers are active members of the Employment Lawyers Association (ELA), and we were part of the working party which formulated ELA s response to the various consultations and discussion papers published by the Department for Business, Skills and Innovation (BIS) on reforming executive remuneration. We also worked with the Institute of Chartered Secretaries and Administrators (ICSA) on a new model form appointment letter for non executive directors, to take account of market practice. / Employment 5

6 Our approach to providing legal services Commitment to excellence We have a commitment to excellence in the legal services that we supply. This starts with the recruitment of the highest quality trainees and extensive training for them. It continues with a strong commitment to on going training for our lawyers, to pooling and organising our know how and to producing and improving precedents and other model documents. For clients, this approach means a commitment to: technical accuracy practical advice provided on a timely basis innovative solutions leading to a service which both adds value and provides value for money. Management of complex legal projects We have considerable experience in the Employment group in managing a wide range of complex legal projects. The nature of Slaughter and May s work means that the group is frequently involved in complex transactions and corporate developments that demand flexible solutions to issues affecting employees. The stand alone work we do, because of the firm s client base, tends to involve challenging projects with complex management implications; for example whistle blowing and discrimination claims, and high profile hirings and firings. Charges We believe it is not solely the amount of time spent but what is accomplished during that time which has value. We see the client paying for us solving the crossword puzzle not just staring at it. We are happy to provide estimates for particular jobs and to discuss different fee structures for different types of work. They re superb: very pragmatic. The advice is considered against a technical background and delivered in a commercial fashion. Chambers UK, Employment /

7 Publications and seminars We are committed to building long term relationships with our clients. That means we are prepared to invest time in getting to know our clients, both through acting on transactions and helping them to navigate their way through the changing employment landscape through regular publications and a variety of seminars. Client publications Our Employment / Employee Benefits Bulletin is produced every two or three weeks. It keeps clients up to date with new law, the latest cases and changes in market practice in the employment and employee benefits field. Client seminars We run a variety of client seminars at our London office. Recent seminars in the employment field have included: Employment SOS: What I didn t see coming Remuneration reporting: New Years resolutions and The employment contract MOT. We are happy to offer tailored sessions to clients, and deliver them at our clients premises. Recent examples include bespoke client training on TUPE in M&A transactions, and cross border employment trends. We also offer client teleconferences on topics such as shared parental leave and collective redundancies. We also produce publications which summarise an aspect of employment law as it applies in a number of European jurisdictions, such as the legal framework governing restructuring, and information and consultation on corporate transactions. We periodically produce briefings with our European best friend firms, and have recently produced joint briefings with Hengeler Mueller in Germany, Bredin Prat in France and De Brauw Blackstone Westbroek in the Netherlands. All of these are available free of charge to clients. They were exceptional and very professional. They came in and made things happen in the most painless way. Chambers UK, 2014 / Employment 7

8 Profiles Jonathan Fenn Jonathan is the Head of our Pensions and Employment practice. He advises on both employee benefits and employment matters. London T F E jonathan.fenn@slaughterandmay.com Jonathan has particular experience of advising in relation to the appointment and termination of employment of directors and senior management. He also has wide experience of the employee benefit and employment aspects of corporate transactions, in particular public takeovers and IPOs including privatisations. His work in relation to employee benefits includes advising listed and unlisted companies on share options, employee benefit trusts and other bonus and employee incentive arrangements. Examples of Jonathan s recent employment work include advising: Shire plc on its proposed merger with AbbVie Inc, including advice on whether the transaction would trigger rights attaching to change of control provisions in both the UK and the US, and putting in place special retention arrangements for management; various FTSE 100 companies on the termination of employment of executive directors, and on the terms of appointment of their successors; a number of clients including Countrywide plc, Schroders and Shire plc on compliance with the new executive remuneration regime; and a number of our private equity backed clients on arrangements for their senior management to take advantage of employee shareholder status, as introduced by the Government in September Jonathan is listed as a leading individual in the Employee Share Schemes & Incentives section of Chambers UK, 2018 and in the Employee Share Schemes section of The Legal 500, He is also a member of the Employment Lawyers Association and of the Executive Committee of the Share Plan Lawyers group, and is chair of its Corporate Governance Committee. 8 Employment /

9 Padraig Cronin London T F E padraig.cronin@slaughterandmay.com Padraig has been a partner at the firm since His previous focus was on public and private M&A, equity capital markets and private equity, and he was based in our Hong Kong office between 2007 and Since 2017, he has focused entirely on our employment and employee benefits practice. His transition demonstrates the genuine multi-specialist nature of our practice. He brings with him a wealth of experience in advising on cross-over areas between corporate and employment, such as TUPE, restructurings, outsourcings, board-level hirings and firings and executive remuneration. Padraig s key clients over the years include Cazenove, GE, Prudential, Tata Steel and Grosvenor. More recently, he has advised Innogy and Legal & General on employment aspects of significant transactions. / Employment 9

10 Phil Linnard Phil has a broad transactional and advisory employment and incentives practice. Highlights include advising: London T F E philip.linnard@slaughterandmay.com Tata Steel on the employment aspects of business disposals including the sale of Longs Steel UK (now British Steel) and its specialty steels business Bupa on the employment aspects of its agreement to sell part of its UK care home business to HC-One (subject to regulatory approval) Santander UK plc on the employment aspects of the steps it is taking to comply with the ring-fencing regime for UK banks A non-eu listed company on arrangements for the appointment of its new chief executive and his combined cash and equity incentives plan A UK non-listed company on a mixed cash and equity (growth share) plan for members of its senior management Allianz Global Investors on the employment and incentives aspects of its acquisition of Rogge Global Partners Besides his transactional work, Phil advises clients on standalone employment, incentives and pensions matters, with a recent focus on arrangements for the appointment and termination of senior executives, including their incentivisation arrangements. 10 Employment /

11 Charles Cameron Charles has a broad advisory and transactional practice. His advisory practice covers employment claims, redundancy exercises and collective industrial action. He also has extensive experience of pension benefit change exercises. London T F E charles.cameron@slaughterandmay.com His transactional experience includes acting on many UK and multi national public and private mergers and acquisitions, advising on both the employment and pensions aspects. Examples of Charles recent employment work include advising: Tata Steel on all employment issues arising from the client s reorganisation and subsequent disposal of its longs steel business to Greybull Capital, including TUPE transfers of more than 5,000 employees; Coca-Cola Enterprises on the employment aspects of its merger with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke (CCEAG) to create Coca-Cola European Partners; INEOS in relation to the industrial relations dispute at Grangemouth oil refinery, which centred on proposed changes to the pension scheme; and a number of clients including Diageo, Hibu Group and INEOS on their day to day employment issues. / Employment 11

12 Sandeep Maudgil London T F E sandeep.maudgil@slaughterandmay.com Sandeep advises on a wide range of pensions and employment related matters, both insofar as they affect mergers and acquisitions, and in the day to day ongoing context. His employment advisory practice covers employment claims, executive level appointments and terminations, and collective consultation issues. He also has extensive experience of pension benefit change exercises. Examples of Sandeep s recent employment work include advising: Royal Mail on the employment aspects of its IPO and modernisation programme; GlaxoSmithKline (GSK) plc on employment matters arising from a series of agreements with Aspen, including the divestment of GSK s anaesthesia portfolio to Aspen; and Olympus Corporation on the whistleblowing, unfair dismissal and race discrimination / harassment claim brought by its former CEO Michael Woodford 12 Employment /

13 Lizzie Twigger London T F E lizzie.twigger@slaughterandmay.com Lizzie was promoted to Senior Counsel in She has a wide experience in all aspects of UK and EU employment law, in particular the recruitment and termination of employees, equal treatment and discrimination law, unfair dismissal and redundancy and all aspects of employment contracts. In addition, Lizzie s practice covers employment litigation and contentious disputes, and she has particular expertise in advising clients facing sensitive claims for harassment, discrimination and whistleblowing. Examples of Lizzie s recent employment work include advising: NewDay Cards Limited on the employment aspects of its purchase of Santander UK s store card business issued for retailers including Topshop, House of Fraser and Debenhams, which included complex issues surrounding the transfer of trade union recognition under TUPE and the scope for changes to collectively-bargained terms and conditions; Renesas Electronics Corporation on a large scale cross-border redundancy process in connection with the sale or closure of a number of its subsidiaries; the Remuneration Committee of a FTSE 100 listed company on the departure of its finance director, including whether the Committee should exercise its discretion in relation to the director s share incentives, valued at several million pounds; and a number of clients including Colt, FirstGroup, Linde AG and Standard Chartered plc on their day-to-day employment issues. Lizzie is ranked as an Associate to Watch in the Employment section of Chambers (2018). / Employment 13

14 Slaughter and May 2018 This material is for general information only and is not intended to provide legal advice. For further information, please speak to your usual Slaughter and May contact. January 2018 J311566_Employment PB_JANUARY 2018_v01