Banking & finance
Peppiatt, Hugh (4 of 12) National Life Stories: City Lives
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Peppiatt, Hugh, 1930-, (speaker, male)
Slinn, Judy, (speaker, female)
Part 4 (tape 2 side B): During articles spent time in each department; Freshfields then had large private client department. Started with ordinary domestic conveyancing of 13 Acacia Grove - not so now. Company law then - incorporation of small companies. A good grounding in general principles of law because more routine work. 1958 things began to change - takeovers, US business coming to England. Significance of that for Freshfields, always restrained from banking work by connection with Bank of England. Other firms growing faster than we were, particularly Linklaters and Slaughter and May. Discussed Freshfields' other clients at this time. Acquisition of Hertz as a client - vivid recollection of doing first acquisition for Hertz, £245,000. Good responsibility at an early age. Social life then. 1956-60 change in business life. Lived at home - Beaconsfield. c.1956 - sold that house for £7,500 and bought house in South Kensington - Victorian house near Thurlow Place. Very happy time - got on well, parents very tolerant. Dinner parties - mother once said 'I think lawyers must be the most boring people in the world'. Litigation side of practice developing - I got involved. Travelling - went away alot of weekends to stay with friends. Brother at Theological College, Wycliff Hall. Then curacy at All Souls, Langham Place. Late articles, early qualified years - comfortable pleasant life, plenty of time to see friends, go to the theatre etc. Made a partner 1960 - £1,500 a year. Before that paid about £1,000 a year.
Interview with Hugh Peppiatt, a senior partner with Freshfields law firm and Chairman, Moorfields Eye Hospital (1991-2000).