Banking & finance
Peppiatt, Hugh (10 of 12) National Life Stories: City Lives
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Peppiatt, Hugh, 1930-, (speaker, male)
Slinn, Judy, (speaker, female)
Part 10 (tape 5 side B): Professional skills - two partners in New York now. Never been a big office, but an important one,justifying itself. The rationale of the overseas offices then and now.The cost of overseas offices and high cost of lawyers. Financial change - firm became more profitable from 1979. Return to England in 1981. What job ? Started back with Bank of England work. HP was wondering where his career would go. Problems of re-entry. Out of date with English practice. Family reactions to coming back. Process of letting house. House in New Forest - bought it in 1970. End 1981 - selection of new senior partner - Byzantine election. HP elected. Took over from David Stebbings in April 1982. Elected for span of career - i.e. until aged 65. Change in taxation rules for pensions. Freshfields' partners' pension scheme. HP therefore elected for 13 years in theory but never intended to do full term. For a year or so kept practice going - soon came to spend all his time on the firm's affairs. Sometimes involved with legal, professional matters - wheeled in as elder statesman! Did do some confidential work (policy matters) for the Bank of England.
Interview with Hugh Peppiatt, a senior partner with Freshfields law firm and Chairman, Moorfields Eye Hospital (1991-2000).