What does the Monzo legal department look like?
As legal vice-president (VP), I run the legal function. I
have a team of around thirteen lawyers who look after corporate
products, regulatory, employment, intellectual property (IP),
and real estate. A few members of the team aren’t
qualified lawyers but work on a combination of legal
operations, contract review and vendor risk management. They
play a really important role in the team even though
they’re not lawyers themselves. Their core role is
vendor risk management: making sure our terms and conditions
are right, that all our partners are up to standard on data
security, and they help to negotiate supply costs.
How does being in-house compare to private
practice? I’ve been an in-house lawyer
since 2001. I have to be honest and say the world of private
practice didn’t inspire me. I enjoyed my training,
then went into the City...