Outgoing Serious Fraud Office boss David Green QC in talks with magic circle firm Slaughter and May

Former SFO boss in talks to join Slaughter and May

Former Serious Fraud Office (SFO) boss David Green QC is in talks to join magic circle firm Slaughter and May.

Website Legal Week has reported that the former SFO director has made an application to the Advisory Committee on Business Appointments which decides on the suitability of new jobs for former senior civil servants and government ministers.

Green stepped down from the top job at the SFO in April, to be replaced on an interim basis by SFO chief operating officer Mark Thompson.

If he does join Slaughters it is likely to be on a substantially larger salary than the £180,000 a year he received at the SFO.

The firm is the most profitable of the elite magic circle with average profit per equity partner (PEP) estimated at £2.35m in the last financial year.

Read more: Departing SFO director David Green says final farewell

Major landmarks during Green's stewardship of the SFO include the London Interbank Offered Rate (Libor) rigging prosecutions, which when he took up the post in 2012, he told a parliamentary committee that he imagined would be the benchmark by which he would be judged.

The most high-profile defendant, Tom Hayes, is currently having his case reviewed by the criminal cases review commission.

Four Barclays traders were convicted, and last month Christian Bittar, a former star trader with Deutsche Bank, pleaded guilty over rigging the Euro Interbank Offered Rate (Euribor).

Read more: Ex-Deutsche Bank trader Christian Bittar pleads guilty to Euribor rigging

He also piloted the use of deferred prosecution agreements (DPAs) which have seen companies such as Rolls Royce agree to cough up £497m to avoid criminal charges.

Slaughters advised Rolls Royce on that case with global investigations co-head Richard Swallow as lead partner.

Last month fellow magic circle firm Linklaters hired the outgoing Director of Public Prosecutions (DPP) Alison Saunders.

Slaughter and May declined to comment. The Advisory Committee on Business Appointments was contacted for comment.

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