Following a period of upheaval that has seen Berwin Leighton Paisner (BLP) exit a number of non-performing senior lawyers, the top 20 firm is considering changes to its partnership deed to make it easier to manage partners out.
Continue reading “BLP begins consultations to ease rules around managing out partners”
Reed Smith’s recently elected managing partner, Sandy Thomas, has had his recommendations for a senior management reshuffle, which rotates nearly half the team, approved by the firm’s partnership.
Continue reading “Senior management reshuffle approved at Reed Smith”
As part of the first major changes to its corporate governance structure in 14 years Clifford Chance yesterday (24 July) voted to dispense with regional and practice head elections in favour of appointment by managing partner Matthew Layton.
Clifford Chance (CC) has today (24 July) announced a raft of changes to its governance structure, including the establishment of a new 12-strong executive leadership group and the creation of three global business units to cover financial markets; M&A and corporate transactions; and risk management and disputes. Continue reading “Clifford Chance overhauls its management structure with introduction of new executive leadership group”
Five years on from the launch of its London office, co-managing partners Mike Goetz and Maurice Allen will split from their dual role with Allen appointed to the newly created role of senior partner. Goetz continues as London head and co-head of the firm’s finance practice alongside Jay Kim in New York and Byung Choi in Boston.
It’s been a bumpy road into the Global Top 50 but with a high stakes merger with Australia’s Blake Dawson going live last year, Ashurst has called in bluechip consultants Bain & Company to polish its strategy.
Having geared up for its first managing partner elections in 15 years, the partnership at top 30 LB 100 firm Nabarro has voted to re-appoint Andrew Inkester in the leadership role after an uncontested election. Continue reading “Management: Nabarro reappoints Inkester as managing partner after first election in 15 years”
Given the amount of time I spend hanging out with managing partners it’s not unusual to be asked by law firms how they could tweak their governance or how they stack up against peers.
In one such recent conversation, I got to thinking about how best to prepare the new managing partner for the culture shock of moving from the clear purpose of a revenue-generating role to the ambiguous job spec of running a law firm. Continue reading “Comment: Advice for the new managing partner – don’t consult, just do”
Following a rigorous eight-month selection process, London-based projects partner Bill Voge has been elected to take over from Latham & Watkins retiring global chair and managing partner Robert Dell, who leaves the firm after two decades in management and an increase in revenue from $260m at the start of his tenure to $2.285bn in the latest financial year. Continue reading “Leadership: Latham elects Bill Voge to take over from Bob Dell after eight-month selection process”
The past week has seen Clifford Chance emerge as the star performer among its Magic Circle rivals, with a 7% rise in revenues to £1.36bn. Legal Business asked newly-appointed global managing partner Matthew Layton about the 2,945-lawyer firm’s plans for international expansion and his ambitions over his first four-year term. Continue reading “Clifford Chance’s global MP Matthew Layton talks expansion and ambition for his first four-year term”
