26 Mar, 2012

Managing Difficult Employment Litigation – the challenges to the Financial Services Sector 

Olswang’s highly rated Employment team has hosted around 30 delegates from top UK and international financial services institutions in a unique Masterclass tackling the issues faced during difficult employment claims.

Led by Catherine Taylor and Head of the Employment Group, Daniel Aherne, the Masterclass considered the latest tactics and strategies for managing redundancy programmes and the difficult litigation which may follow, particularly in the financial services sector. As the sector continues to weather the consequences of the global recession, HR and legal practitioners in this sector have faced some of the toughest challenges in the market. “With bonuses likely to fall below market expectations,” Catherine comments “and further rounds of redundancies as financial institutions look to off-set costs, there is no doubt that managing employment litigation will be a major challenge for city institutions.”

Catherine and Daniel were joined by speakers Paul Goulding QC of Blackstone Chambers, a leading employment silk, who spoke about his experience of dealing with protracted discrimination and whistleblowing litigation.  Geraldine Proudler, who is named as a “star individual” in Chambers and Partners for defamation/reputation management, also gave an expert view on dealing with the media fall out from  claims.

Paul Goulding QC of Blackstone Chambers commented, Given the increase in redundancies of highly paid employees in the Financial Services sector, it’s not surprising that we have seen a surge in the volume of complex employment litigation.  With this in mind, it’s more important than ever for employers to keep abreast of latest developments and tactics, particularly in terms of tackling unmeritorious claims.”

Olswang’s Employment team spans across the firm’s international network, including the most recent appointment of a full-service team in Berlin which will be led by new partner Manteo Heikki Eisenlohr.

To learn more please visit the Employment team’s page on Olswang.com.   

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