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Slaughter and May

Living Wage
ONE BUNHILL ROW, LONDON, EC1Y 8YY, ENGLAND
Tel:
Work 020 7600 1200
Fax:
Fax 020 7090 5000
DX:
11 LONDON CHANCERY LANE WC2
Email:
Web:
www.slaughterandmay.com
Beijing, Brussels, Hong Kong, London

Philip Linnard

Tel:
Work 020 7600 1200
Email:
Slaughter and May

Work Department

Pensions and Employment

Position

Partner with a broad transactional and advisory practice, covering all aspects of employment, incentives and pensions matters. Besides his transactional work, Philip advises clients on standalone employment, incentives and pensions matters, with a recent focus on arrangements for the appointment, incentivisation and termination of senior executives of listed and non-listed companies.

Career

Joined Slaughter and May 2006. Partner since 2017.


London: Human resources

Employee share schemes

Within: Employee share schemes

Slaughter and May's 'knowledge, client service, responsiveness and ability to cut through complex issues is outstanding' thanks in part to the 'brilliant leadership' of Jonathan Fenn. The department has substantial experience advising on the employee incentives aspects of corporate transactions; recent examples include acting for Standard Life on the incentives aspects of its merger with Aberdeen Asset Management and assisting Market Tech Holdings with the share plan elements of its acquisition by LabTech Investments. Fenn also advised Segro on the incentives aspects of a rights issue and newly promoted partner Phil Linnard handled the establishment of a growth share scheme for a digital advisory company. Other clients include Ocado Group, Centrica and Michael Kors Holdings. Padraig Cronin joined the team from the firm's corporate department and Philip Bennett retired.

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Employment: employers and senior executives

Within: Employment: employers and senior executives

At Slaughter and May, key names include team leader Jonathan Fenn, newly promoted partner Phil Linnard and Padraig Cronin; Fenn regularly handles the appointment and dismissal of directors and senior management, Linnard is 'excellent' and Cronin is recommended for the employment aspects of corporate work. Recent highlights include Linnard handling the employment elements of Tata Steel's joint venture with thyssenkrupp, Fenn acting for Barratt Developments in an investigation into allegations of corruption in its London business and Cronin assisting Legal & General with the employment components of the sale of its Mature Savings business to the ReAssure division of Swiss Re. Aggreko, Bupa and John Lewis Partnership are also clients. Lizzie Twigger is also a name to note; she was promoted to senior counsel in 2017.

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Pensions

Within: Pensions

Charles Cameron (who is noted for his 'thoughtful insight') heads the department at Slaughter and May, which is 'a leader in the field' for non-contentious work and was bolstered by the recruitment of Daniel Schaffer from Herbert Smith Freehills LLP in 2017, who is praised as 'ruthlessly good' and 'extremely creative'. Recent mandates include Cameron, newly promoted partner Phil Linnard and Padraig Cronin advising Tata Steel on the restructuring of the British Steel Pension Scheme; Sandeep Maudgil assisting the Royal Mail with the closure of the RMG section of the Royal Mail Pension Plan and the design of a replacement plan; and Schaffer and Maudgil acting for the Railways Pension Trustee Company on multiple transfers and structural changes. The group is also becoming increasingly involved in pensions litigation; it recently represented the trustees of the BT Pension Scheme in Part 8 proceedings in the High Court and acted for Granada Group in High Court and Court of Appeal proceedings relating to whether it is obliged to maintain gilts as security for the pension benefits of former directors. Senior counsel Isobel Carruthers joined from Herbert Smith Freehills LLP and Philip Bennett retired in 2017.

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