Lord Hill was the UK's Commissioner to the EU until he stood down, July 2016, following the Brexit referendum, which resulted in Britain leaving the EU. Prior to that he had been leader of the British House of Lords.
Hill has been appointed to global law firm senior advisor for Freshfields Bruckhaus Deringer LLP, which is listed in the Commission's register as a lobbying outfit. It's listing says the firm has a "track record in successfully supporting the world's leading national and multinational corporations, financial institutions and investors. We work on ground breaking and business critical mandates for established organisations."
The news of his appointment was slipped out, March 29 — the day when all the news media were wholly occupied with UK Prime Minister Theresa May's letter to EU Council President Donald Tusk, which was delivered on that day, triggering Article 50 of the Treaty of Lisbon — the formal process of leaving the EU.
"This revolving door case highlights once again the urgent need for reform. As Transparency International EU's recent report on the phenomenon shows, the current 18-months cooling-off period during which former Commissioners are barred from lobbying activities has proven insufficient," said Transparency International.
"The ethics committee did provide certain conditions for clearing the new role. Lord Hill is to refrain from providing advice to Freshfields financial service and non-financial-service clients on matters related his former portfolio. He must also observe a ban on engaging in lobbying activities with the Commission, though it remains unclear what is defined as such."
The EU Ombudsman, Emily O'Reilly, has opened an inquiry into the way the European Commission handled the issue after the matter was brought to a head by a petition signed by staff members of the European Commission — an unprecedented act.
Of 27 former Commissioners, more than 50 percent are now working for organizations on the lobby register, including high-profile companies such as Uber, ArcellorMittal, Goldman Sachs, Volkswagen and Bank of America Merrill Lynch.