|News In Brief:|
2012 Olympic Committee hires brand protector
Terry Miller has been named General Counsel of The London 2012 Organizing Committee of the Olympic Games. Reporting to Chief Executive Paul Deighton, Miller will be responsible for protection of the LOCOG brand and the intellectual property rights associated with the brand. Her department will also work on preparing contracts in support of the various agreements for the venue, suppliers, commercial partners, contractors, etc. She has joined the Committee from her position as International General Counsel of Goldman Sachs for Europe and Asia. Established in October 2005, LOCOG will manage the planning and development of the 2012 Summer Olympic and Paralympic Games.
Outside counsel to Depomed joins as its VP
A partner in Heller Ehrman LLP, Matthew Gosling has joined Depomed, Inc. (NASDAQ:DEPO) as Vice President and Legal and General Counsel. He was associated with the law firm for nine long years and has most recently served Depomed as one of its outside legal counsels. Representing both public and private entities, Gosling has advised his clientele on issues relating general corporate matters with a focus on SEC compliance and license and collaboration agreements. Established in 1927, Depomed is a specialty pharmaceutical company and is known for its gastric retention and oral drug delivery system.
Pharma major promotes VP to Senior VP
Joseph M. Gaynor Jr. has been promoted to Senior Vice President and General Counsel of AtheroGenics, Inc. (NASDAQ: AGIX). Responsible for all facets of legal matters, Gaynor has been serving the company as Vice President, General Counsel, and a member of its Executive Committee since 2005. Prior to serving AtheroGenics, he was General Counsel of UCB Pharma, a Belgian company, and has gained significant experience in areas including mergers and acquisitions, licensing, healthcare, and complex litigation. AtheroGenics specializes in the discovery and development of drugs for chronic inflammatory diseases such as atherosclerosis, asthma, and rheumatoid arthritis.
Linklaters attorney joins RBS subsidiary
Securities and compliance lawyer Pia Friis has been named Senior Vice President and Associate General Counsel in the U.S. office of RBS Greenwich Capital, a subsidiary of Royal Bank of Scotland. Focusing his practice on structured credit products and derivatives, Friis will advise the company on its credit markets venture. Prior to the appointment, he worked at Linklaters' New York office where he was a senior associate in its capital markets group. A major underwriter of fixed-income investment products, the company concentrates its business on the financing, distribution, and trading of U.S. treasury, agency, and mortgage securities and is also expanding its business in the corporate capital markets and structured credit area.
Surge in compensation for corporate counsels
According to the August issue of Corporate Counsel, the overall compensation for legal heads in top corporations in the U.S. soared in 2005. The magazine's twelfth annual survey illustrates that while salaries of the 100 best-paid chief legal officers averaged $565,000 in 2005, an increase of only 1 percent from the preceding year, cash bonuses averaged $906,820, rising 16 percent, and restricted stock grants averaged $987,269, surging 35 percent. The magazine also reported that while more than half of the group's lawyers chose to cash in stock options, gaining an average of $3.1 million, Am Law 100 partners took home an average of $1.1 million in 2005.
Charlesbank promotes in-house counsel to GC
Middle-market private equity investment firm Charlesbank Capital Partners has promoted Tami Nason to General Counsel. Nason was most recently serving as Senior In-House Legal Professional and has been with the company since its founding in 1998. A member of the Massachusetts Bar, she earned her J.D. from Suffolk University. Focusing its business on buyouts and growth capital financings, Charlesbank has offices in Boston and New York and manages capital worth more than $1 billion.