Supporting Monzo’s senior legal team

A leading digital bank was looking for an interim head of legal with excellent management skills at a transitional time.

 

The challenge

Monzo, one of the world’s leading digital banks. Employing over 2,000 people and boasting a customer base of over 5 million people, Monzo is at the forefront of revolutionizing banking.

 

What we did

Monzo was looking for an interim head of legal to provide short-term cover while permanent hiring took place. The role’s responsibilities also involved managing the legal and company secretary team while working with Monzo’s C-Suite until the new GC joined.

 

The outcome

After working with the departing head of legal and COO to understand their needs and those of the business, Peerpoint parachuted in a senior and trusted lawyer with previous experience at a number of banks as head of legal. With her experience of managing teams she provided Monzo with highly competent management and leadership skills while a new permanent hire was made.

A testament to her effectiveness, the consultant was extended to help on-board and embed the new GC once they had started. Through Peerpoint, Monzo also benefitted from additional support from the A&O network and the specialist support that A&O provides for Fintechs.

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A&O Shearman was formed on 1 May 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). This case study may include reference to assignments generated by one or more of the legacy firms rather than A&O Shearman.