Legal Business

KWM looks outside the City as it elects new European leaders during turbulent period

King & Wood Mallesons’ (KWM) European partnership chose two new leaders last month, electing corporate partners Tim Bednall and Michael Cziesla as managing and senior partner for the legacy SJ Berwin practice.

The elections were triggered by the early retirements of managing partner William Boss and senior partner Stephen Kon, who return to full-time fee-earning, and come amid a turbulent 18 months for the Global 100 firm. The new leaders take their posts after the firm has missed profit distributions, seen global revenues fall, made a cash call and has been forced to restructure the partnership, with 24 legacy SJ Berwin exits.