Tapestry Compliance

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Described by clients as a team that ‘lives and breathes share plans’, Tapestry Compliance assists a ream of blue chip clients, including Volvo, Unilever and Trip Advisor with ’everything from day-to-day operational queries right through to complex transactional queries’. The team is co-led Hannah Needle, who is an authority on the design and implementation of new employee share plans, and Chris Fallon, whose expertise extends to employee benefit trusts. Bob Grayson is well placed to advise on matters concerning the Japanese market. Suzannah Crookes has recently leveraged her broad knowledge of share plans to assist with lobbying the government on the use of tax-advantaged plans in the context of the cost of living crisis. Lorna Parkin, Sally Blanchflower and Matthew Hunter are further names to note.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The Tapestry team is well organised and each member has professional knowledge and skills in dealing with long-term incentive matters.’

  • ‘The team at Tapestry provide pragmatic, commercial advice in a timely. They are also great fun to work with!’

  • ‘Chris Fallon is technically excellent but has the ability to distill that knowledge into layman's terms and provide pragmatic solutions.’

  • ‘The entire team is just so competent. They really know their stuff.'

  • ‘Hannah Needle provides pragmatic and to the point advice. She is very good at highlighting where we might be getting too stuck in the weeds in our planning.'

  • ‘The team as a whole is knowledgeable and pragmatic.'

  • ‘The team has excellent specialist knowledge of employee share plans and has strong connections with local counsel globally.’

  • ‘Sally Blanchflower is our key contact at Tapestry and has provided excellent service over the years.'

Key clients

  • The Coca-Cola Company
  • Dell
  • Aviva
  • Trip Advisor
  • HSBC
  • Sony
  • Tesco
  • Unilever
  • Rolls-Royce
  • Dr. Martens

Work highlights

  • Advise Unilever on its discretionary and all-employee awards, as well as a number of their corporate spin-offs and the impact on incentive awards.
  • Advising Volvo in relation to new executive and all-employee share plans and their global implementation.
  • Advising Morgan Stanley on their global executive incentive arrangements and assisting with the roll-out of a new all-employee plan across 33 jurisdictions.

Lawyers

Leading associates
Rising stars with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Matthew Hunter
Matthew is a Managing Associate with broad experience in advising clients on all aspects of global incentive arrangements, with a particular focus on leading on our clients in the financial services sector. He advises a number of the world’s leading global banks, insurers and asset managers in relation to the structure of their incentive plans and their compliance with EU and global remuneration regulations, including Schroders, Morgan Stanley, Goldman Sachs, J O Hambro and Rothschild & Co. Matthew also advises multinational companies on their executive and all-employee incentive arrangements including new client Comcast, Experian and Weber. Matthew regularly presents at industry events in Europe and the US. His work in the financial services sector sees him regularly leading industry discussions in this area. Matthew also holds the roles of SPL Corporate and Regulatory Committee Co-Secretary and employee trustee director of the Employee Ownership Trust for Tapestry.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Bob Grayson
Bob has spent his career advising on the global aspects of employee incentive arrangements. His work has included plan rule drafting, communications materials, trust and hedging arrangements, nominee arrangements and all other legal aspects of incentive plans from initial design to post-vesting dealing arrangements. As a leading expert on global compliance for incentives, first at Linklaters, then in-house at Shell, he brings immense practical experience in dealing with the legal documents and global compliance issues from a business perspective. Since transitioning his shares in Tapestry to the Employee Ownership Trust, Bob continues to work closely with the team as a consultant (Partner equivalent) and remains widely-respected by the industry for his wealth of knowledge and commercial approach, particularly in unique markets that Tapestry operates in, such as Japan.
Hannah Needle
Hannah is Legal Director (Partner equivalent) and advises many leading global companies on the implementation and operation of all forms of global executive and employee share and incentive plans, including the design and establishment of new plans, global compliance, managing grants and maturities under existing plans and on technical tax and legal matters. She also advises on the impact of corporate transactions that may affect a company's global incentive arrangements. In recent years Hannah has been instrumental in liaising with the UK’s tax authority (HMRC) regarding various important clearances which have enabled clients to deliver significant tax efficiencies. She is currently working with Rolls-Royce on a new application to HMRC. She leads on the work we do for clients such as The Coca Cola Company, Tesco, Rentokil and Schroders. Hannah has recently been appointed to the Practical Law Share Schemes & Incentives Consultation Board, which brings thought leadership to Practical Law's offering in this area. Hannah is closely involved in the Global Equity Organization (GEO). She holds fellowship status, which recognises her as an industry-leading professional, and serves on GEO's Board of Directors. Hannah is the Co-Chair of the Share Plan Lawyers’ Corporate and Regulatory Committee and leads a number of the Committee’s working groups, including leading the industry discussions with the FCA and HM Treasury on changes to the market abuse regulations in the UK, post-Brexit. Hannah sits on Tapestry’s Board of Directors under the Employee Ownership Trust structure.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Chris Fallon
Chris is Legal Director (Partner equivalent) and is Tapestry’s “UK Counsel”, both internally and externally. Chris has over 20 years of experience working with top-ranked legal and incentives teams delivering UK and global plan design and implementation. Chris is widely-recognised for his substantial expertise in incentive matters for all types of businesses. He can draw upon a deep range of experience when providing practical and proactive, solution-driven advice on discretionary executive plans, corporate governance and remuneration disclosures, as well as advising on broader employment related tax issues. He also has significant expertise in dealing with Employee Benefit Trusts and private equity-owned businesses. Chris’s clients include London Stock Exchange Group, Entain and Sage, as well as Vertical Aerospace. Chris regularly presents at many industry events including those run by industry body ProShare sharing his expert knowledge with the market. He has also assisted ProShare with successfully lobbying HMRC and the government on various industry practical issues, including discussions around how the government’s recent tax changes will impact share plans affecting the wider workforce. Chris is a member of the Society of Visually Impaired Lawyers. Chris’s role as Tapestry Board Director for the Employee Ownership Trust gives him invaluable practical experience of structuring employee-focussed solutions, from within.

Practice head

The lawyer(s) leading their teams.

Hannah Needle, Chris Fallon

Other key lawyers

Bob Grayson, Lorna Parkin, Sally Blanchflower, Matthew Hunter