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Does Barclays have grounds for dismissing Jes Staley? Richard Nicolle speaks to The Times

19 April 2017

BarclaysStewarts employment partner Richard Nicolle was quoted in an article in the Times on 13 April about whether Barclays would have grounds for dismissing CEO Jes Staley.

'Richard Nicolle, employment partner at Stewarts Law who reviewed extracts of the contract, said:

"If the bank were minded to dismiss Mr Staley, there are a number of potential grounds upon which they could do so."'

The article goes on to say:

'However, Mr Nicolle said it was likely that the bank would prefer to reach a settlement if it fired Mr Staley, 60.

'"It would almost certainly be the case that the dismissal would be pursuant to a settlement agreement with confidentiality provisions, rather than dismissal for gross misconduct with forfeiture of bonus, options and claw back."'

Please click here to review the full article (subscription required) - Barclays boss 'in breach of contract over mole'

Richard was quoted in the press early last week when the news of the Jes Staley and the whistleblower at Barclays first broke. Richard highlighted the protections for whistleblowers and how the focus of senior managers on unmasking anonymous whistleblowers "will do great damage to the confidence of anyone who does want to anonymously raise legitimate concerns".

You can read more of the press coverage here:

Richard Nicolle quoted extensively in the press regarding the Barclays CEO whistleblower case

Richard NicolleRichard Nicolle, Partner in our Employment team, has over 20 years' experience advising on all aspects of employment and partnership law. Acting for businesses and senior individuals, Richard has extensive experience of high value and complex High Court litigation involving restrictive covenants and team moves. His other areas of particular expertise include executive service agreements, independent investigations, discrimination and TUPE. Richard's work often has an international dimension.

A recognised expert, Richard frequently appears as a commentator on employment law issues in print and broadcast media including the BBC, CNBC, Bloomberg, Radio 5, the national press and specialist practitioners' journals.

If you would like any more information about Whistleblower Protection, or any other employment law issues, please do not hesitate to contact a member of the team.

Employment Department Industry Recognition

The two leading independent legal directories Chambers & Partners and Legal 500, have again ranked our Employment team as a leading top tier department in the UK.

"The firm excels in assisting senior executives to deal with amicable, and not so amicable departures." (Chambers & Partners 2016)"

"Stewarts Law LLP 'excels' in its cutting-edge work for senior executives, partly due to its 'excellent knowledge of how the City works'." (Legal 500 2015)

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