10:10, July 10 126 0

2017-07-10 10:10:08
Clifford Chance partner next in line for Takeover Panel role

Clifford Chance partner James Bole has been named as the new secretary of the Takeover Panel, having made partner just two months ago.

Bole will start his two-secondment at the Panel this September, replacing Addleshaw Goddard partner Simon Wood who took up his post in 2015.

As an associate, Bole has worked for ICAP on the sale of voice broking business to Tullett Prebon, Mondeléz International’s unsolicited £11.9bn takeover of Cadbury and Barclays’ £6bn rights issue.

He was one of 24 new partners to be promoted by Clifford Chance earlier this year, with six making the cut in the City.

As secretary, Bole will be a member of the Takeover Panel executive, which monitors deals and makes rulings on the application of the Takeover Code.

The executive consists of a number of permanent employees, as well as secondees from law firms. Lawyers from Travers Smith and Skadden Arps Slate Meagher & Flom are also currently on the executive.

Clifford Chance has not seconded a partner to the Takeover Panel for over a decade, despite fielding a number of high-fliers in the late 1990s.

Corporate head Guy Norman completed a two-year secondment between 1999 and 2001, while litigation head Jeremy Sandelson also held the role between 1990 and 1992.

Since then, a number of firms have featured heavily in the Takeover Code line-up, including Allen & Overy, Simmons & Simmons, Addleshaw Goddard and Linklaters.

Addleshaw Goddard partner Wood, who will return to the firm in September, replaced A&O partner Seth Jones. Jones was recently part of the lead team for A&O acting on Worldpay’s recent £9bn deal with US rival Vantiv.