Skadden, Arps, Slate, Meagher & Flom

First of all, they're both professionals.

worked very closely with Bob Lighthizer over the years, both whether it's Skadden Arps or as his chief of staff in the first term of President Trump.

They're deeply immersed in trade issues and trade policy, and they're clear speakers.

I've been very impressed, actually, as the dispute between the U.S. and Canada gotten a lot of camera time and a lot of news anchor time for Ambassador Greer.

Welcome to The Capital Ratio, where Skadden explores the dynamic world of financial institution regulation, offering insights for institutions navigating the regulatory environments in the UK, EU, and US.

Hi, and welcome to this episode of The Capital Ratio, a series in which we look at the key regulatory topics relevant to the UK banking and financial sector.

I'm your host, Sebastian Barling, head of the UK and European Financial Regulatory Practice here at Skadden.

I am delighted to be joined today by my colleague, Deborah Kirk, who leads the Intellectual Property and Technology Transactions Practice for Skadden's London office.

What are we going to be talking about today? Well, we're going to be discussing the Millers Review, which was published by the FCA in July this year.

The review goes into how the FCA thinks AI will transform retail financial services by 2030 and beyond.

Thank you for joining us for today's episode of The Capital Ratio.

If you like what you're hearing, be sure to subscribe in your favorite podcast app so you don't miss any future conversations.

Renowned appellate litigator Neil Katyal left Hogan Lovells for Milbank in February 2025.

Allie Brown jumped from Skadden to Kirkland in January 2025 with a team of four other lawyers to lead a complex litigation group.

And M&A star Zach Podolsky was a top producing partner when he joined Latham & Watkins from Wachtel in June 2025.

As the industry consolidates and rivalries intensify, firms are audaciously raiding rivals for marquee partners who can give them an edge.

Interesting.

I'm wondering like why those 30% that are cut, that are billing at 30% of what those top partners who stayed, who, you know, who were doing the cutting, Why don't they go out, take the same AI tools that those big, old, expensive partners are using and just go into the market and say, you know, yesterday I worked in Skadden or whatever.

Yeah, granted, I only have three years of experience and not 20, but I have those same power tools that those partners are having and I'll charge you an eighth of the price.

Like, surely they'll prevail in the end.

[upbeat music] Welcome back to The Practice Manual, the podcast where we unpack some of the mysteries of the insurance and reinsurance world, also looking at the major trends in the sector.

I'm your host, Rob Chaplin, head of the Financial Institutions group here at Skadden in London.

Today, we're diving into management incentive plans, or MIPs, and how these can be used by managing general agents, or MGAs, in the insurance sector.

MGAs are a huge growth area in the UK insurance industry.

I definitely credit him for giving me this passion.

And he was, his firm actually, Skadden, is a huge supporter of the Innocence Project, donates thousands of pro bono hours, has been involved in some very important exonerations.

And they're all important, but I mean, some that have actually driven change systemically.

And so it's really full circle to be able to work in this field, especially with his spirit hanging over and guiding.

And I just want to let people understand how did any of this even occur? I was a very successful trial lawyer and litigator on Wall Street with large firms.

My first law firm I worked at for many years was Skadden Arps, the largest law firm in the world, last I checked.

Then I was a partner in another major firm, and I had my own law firm as well.

And I only bring that up to put it into context.