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Konexo boosts team with new appointment

  • United Kingdom
  • Global

    11-05-2020

    Trystan Richards joins as Legal Services Director

    Konexo, a division of Eversheds Sutherland, has strengthened its Legal Managed Services team with the appointment of Trystan Richards who joins as Legal Services Director.

    Trystan’s role will encompass supporting on major projects and managed service relationships across Konexo’s global client base.  Trystan will be based in Konexo’s London office, reporting to Jon Townend (Global Head of Legal Services) and working closely with delivery centres in the UK, USA and Malaysia. 

    Konexo’s Legal Managed Services team uses alternative resourcing models, streamlined processes and the latest legal technologies to drive efficiency in managing portfolios of work for in-house legal teams and contract remediation arising from regulatory and business change projects. The combination of technological advances, increasing volumes of work and a business environment with a growing focus on efficiency has placed mounting pressures on in-house practitioners.

    According to The New Landscape: an in-house perspective, a report commissioned by Konexo, almost two-thirds (62%) of in-house teams are experiencing greater pressures than they did 12 months ago, with 41% citing lack of resources as the main challenge.

    Graham Richardson, Partner and Head of Konexo, comments:

    “In-house legal teams are understandably facing considerable challenges, at a time when workloads are also increasing.  Our legal managed services team has market-leading solutions in place to help clients navigate these challenges, which are particularly acute in the current environment. Trystan’s expertise will play an important role in helping us deliver on our commitment to helping clients, now and in the future.”

    Trystan said:

    “I am thrilled to be joining Konexo, an exciting and innovative business.  With an increasing demand for event-driven projects, I look forward to applying my skills and experience to the existing solutions that Konexo has in place.”

    Previously at Deloitte, Trystan led on the delivery of both managed service solutions and complex programmes for investment banking clients. He has worked on projects for investment banks including remediation and repapering in response to Margin Reform, MIFID II, IBOR Cessation and Brexit readiness, working across the Legal, Operations and Sales functions.

    Since its launch in 2019, Konexo has seen a significant period of growth and investment including:

    • Cutting-edge technology: launched the Konexo Hub, a legal-tech-based portal designed to support in-house counsel
    • Strategic hires: Head of Product, Technology and Transformation, Babar Hayat, and Brett Aubin, Managing Director for Regulatory Response
    • International footprint: a legal managed service centre opened in Kuala Lumpur, Malaysia (through a separate unregulated legal entity), with a presence already in Hong Kong and Singapore. Konexo is also progressing plans to launch in the US through Eversheds Sutherland (US) LLP.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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