27 July 2017 - Article
Elaine Aarons
Partner | London
Elaine is a partner in the employment team.
With over 35 years’ experience in employment and partnership law, for the last 15 years acting mainly for senior executives, partners and entrepreneurs, Elaine is an acknowledged leader in her field.
Over 95% of her client base is senior individuals and includes: senior executives in FTSE 100 and 250 companies, largely main board directors and members of executive committees; senior bankers - she has acted for 19 Bank Chief Executives (some more than once as they have returned for further advice); principals and senior management in private equity houses, private equity backed firms, hedge funds and other financial services boutiques.
In addition to financial services, she has clients in senior management roles in all sectors of the economy – most recently in transport, energy, technology, publishing, retail betting, management consultancy and real estate. She also has a particular interest in advising senior academics, having acted for a significant number of Vice-Chancellors of universities.
Listed in the Legal 500 Hall of Fame which recognises individuals who have received constant praise from their clients for continued excellence, she has been described by the directories as ‘tenacious and intelligent’, an ‘absolute master strategist and tactician’, a ‘formidable opponent’, a ‘strong client advocate’ and ‘phenomenally good’. She is recommended for her ‘sense of strategy and imagination’ and has also recently been recognised in Spear’s ranking of the best employment lawyers for senior executives, wealth managers and family offices.
Elaine is always focused on delivering her client’s objectives. She advises on a wide range of issues, including termination of employment, resignation/removal from partnerships, negotiating service agreements and LLP agreements (including negotiating corporate indemnities), investigations and disciplinary proceedings (particularly in FCA/PRA regulated businesses), bonus, discrimination and whistleblowing claims, team moves and restrictive covenants (drafting and enforcement).
She is regularly instructed to lead multi-disciplinary teams and is therefore a natural choice where employment, regulatory and reputation management issues are paramount. She is also used as team leader on matters involving corporate, litigation and wealth planning advice.
Elaine is also involved in a number of organisations that support women in the workplace. She is a long standing member of the International Women’s Forum and part of their Ethical Leadership Committee. She is also the co-founder of One Loud Voice for Women, a not for profit that represent the voices of 300,00 women and whose goal is to achieve gender parity in the workplace for all women regardless of seniority.
Track record
Admissions
Publications
Memberships
Talks
Negotiated gold-plated indemnities to supplement Directors and Officers liability insurance so that employers provide her clients with much needed financial support when they are facing investigations, claims, adverse PR etc - something that is increasingly important as personal liability for office holders and senior managers becomes more of an issue.
Advised executives who are joining or exiting businesses backed by private equity. She is very concerned by the one-sided documentation that is prevalent in private equity deals. This can result in executives not realising the gains they hoped for and she is used to negotiating improvements and ensuring clients are aware of the risks and opportunities that private equity presents.
Acts for individuals having to respond to internal investigations and disciplinary proceedings where allegations and related regulatory notifications could potentially prevent them continuing with their current career, particularly where they are dependant on approval from the FCA and the PRA (and other regulators) in order to continue working. There can also be the risk of a FCA Enforcement investigation and regulatory proceedings to mitigate.
England and Wales, 1982
Elaine is General Editor of Tottel’s ‘Termination of Employment’.
The International Womens’ Forum UK, Company Secretary
The Center for Talent Innovation
City of London Law Society, Vice Chair Employment Law Sub-Committee
The Opportunity Now Awards in 2006 and 2009, Judge
Employment Lawyers Association, Founder Member
Appeared on TV and radio numerous times.
Lectured to business and professional audiences on almost all aspects of employment law.
Me in a minute
In my career I have had two guiding principles - to do what I love doing and to stay ahead of the curve. Both of these have stood me in very good stead
Education
Languages
- English