This was a scenario where the clients needed urgency, discretion, experience and above all judgement from their advisers… to know which points to focus on. A black letter lawyer would have been hopeless. It is in circumstances such as these where we can excel.
Head of Employment
Advising senior executives on new contracts meeting strict deadlines.
Our Employment team is increasingly being asked to advise senior management on corporate activity. The recent acquisition of investment management business, Gartmore Group Ltd, by their rivals Henderson is a case in point.
Henderson’s offer to acquire Gartmore created a business with around £78 billion assets under management making it one of the largest retail asset managers in the UK.
The deal was conditional on Gartmore’s top 15 fund managers signing up to new terms with Henderson.
We were called in to advise the key fund managers on new contracts, with just six days to assess the terms, make our recommendations and complete the deal.
In spite of the strict deadlines and the challenge of working with clients in different time zones, we were able to conclude agreements for all the fund managers concerned, so paving the way for the £366 million merger to go ahead.