Career progression program aims to be “game-changer” at global firm
A new program has been launched by K&L Gates which aims to pioneer transparency and clarity in the promotion process.
The global firm’s Path to Equity Partnership Program (PEPP) is focused on helping the firm’s income partners gain key competencies including leadership, client development and business management.
A key component will be the firm’s Leadership College which will allow access to the firm’s executive for newly promoted partners. This will begin in the US but will include regional forums in Asia Pacific, Europe and the Middle East.
The promotion-to-partner process is also being reengineered to include input from practice leaders, group coordinators and admin partners.
The firm’s Global Integration and Strategic Growth partner, Craig Budner, commented that by focusing on helping partners become successful owners of the firm, the new program can be a “game-changer.”
International firm launches innovation hub
DAC Beachcroft has become the latest international law firm to create a team focused on innovation.
The research and development hub, Innovations Lab, will enable its clients in the insurance sector to work with multi-disciplinary teams of lawyers and operational experts in order to identify, evaluate, design, prototype and launch new commercial products and services.
The CEO of DAC Beachcroft Claims Solutions Group, Craig Dickson, commented that the Innovations Lab is a commercial operation and will be expected to deliver a return on investment. However, it has been launched in response to client demand for innovation in legal services.
Corporate finance lawyer hired by Skadden
Kenji Taneda has joined Skadden, Arps, Slate, Meagher & Flom as a corporate finance partner in Tokyo.
He joins after 3 years with Morrison Foerster and his practice focuses on both issuers and underwriters in capital markets matters, including equity and debt offerings by Japanese corporations, financial institutions and sovereign entities. He also has significant M&A experience.