As the Allen & Overy (A&O) leadership elections heat up, managing partner Andrew Ballheimer has announced his retirement from the firm at the end of his current term on 30 April 2020.
The surprise move comes in the month the City giant is to announce the list of contenders for senior partner and managing partner and follows an eventful couple of years dominated by the marathon merger bid with O’Melveny & Myers, which was abandoned in the autumn. Continue reading “Ballheimer announces surprise retirement as A&O leadership race heats up”
The Hogan Lovells board has once again chosen a legacy Hogan & Hartson partner to be its next chief executive. Miguel Zaldivar is currently the regional chief executive for Asia Pacific-Middle East, based in Hong Kong, and will replace the current CEO, Steve Immelt, on a four-year term from 1 July 2020.
Although Zaldivar’s recommendation is subject to a constitutional formality vote, according to one former partner, no-one is anticipating that the partnership will vote the board’s decision down. Continue reading “Legacy Lovells misses out again as board recommends yet another legacy Hogan & Hartson CEO”
A profession having to get used to increasingly robust regulatory oversight will have more on its plate from this week with the launch of the new rulebook from the Solicitors Regulation Authority (SRA). The new Standards and Regulations (STaRs) came into force on Monday (25 September), ushering in new reporting obligations on solicitors and much-trailed rules designed to make it easier for lawyers to practise individually.
The new code of conduct, which also cuts the core principles from ten to seven, is seen as a further step towards more robust regulation, with the shifting of the SRA’s remit to ‘promote a culture where ethical values and behaviours are embedded,’ according to its enforcement strategy. Continue reading “New solicitor code ushers in tougher duties on profession and moves to boost freelance lawyers”
Baker McKenzie tax partner Alex Chadwick (pictured) will lead the firm’s City office until the end of 2022 after seeing off competition from antitrust partner Samantha Mobley.
The firm announced today (19 November) the election of Chadwick for a second three-year term at the helm of the firm’s 500-strong London base, following a contested vote last night. Continue reading “Chadwick gets second term as Bakers’ London head after winning contested election”
Gowling WLG has elected a corporate partner chair of its UK LLP, with incumbent Andrew Witts standing down after more than eight years and multiple mergers.
M&A and private equity partner Andy Stylianou (pictured) will become the firm’s chair from May 2020 on a four-year term, the firm said today (12 November). He was already chair of Gowling’s UK partnership’s representative council and a founding member of its diversity forum. Continue reading “Gowling WLG appoints corporate partner UK chair as Witts steps down”
Anna Cole-Bailey rounds up the latest management reshuffles at home and abroad
The autumn saw significant c-suite changes announced at Global 100 and Legal Business 100 (LB100) players, with Baker McKenzie voting in Milton Cheng as its new chair in a victory for the Asia partnership, while the figureheads of Herbert Smith Freehills (HSF), TLT and Clyde & Co will step down to pave the way for successors. Continue reading “New brooms – Asian coup for Bakers as Clydes, HSF and TLT announce leadership changes”
‘If your boss demands loyalty, give him integrity. But if he demands integrity, then give him loyalty.’
USAF Colonel John Boyd, quoted in Boyd: The Fighter Pilot Who Changed the Art of War by Robert Coram
‘Our objectives are… to achieve the highest order of excellence in the practice of the art, the science and the profession of the law; through such practice to earn a living and to derive the stimulation and pleasure of worthwhile adventure.’
Judge Simon Rifkind, Paul Weiss, Rifkind, Wharton & Garrison, 1963 Continue reading “Our corporate soul – Defining the values of a law firm”
Herbert Smith Freehills (HSF) CEO Mark Rigotti is to stand down from his role next year, with the firm now priming itself to select a new leader once his term ends on 30 April.
The firm’s council will be the body appointing the new CEO, and is at the early stages of launching a selection process for Rigotti’s successor. The new incumbent will occupy the sole CEO position after the firm switched from a dual model in 2017. Continue reading “Rigotti to stand down in 2020 as HSF starts search for a new leader”
Clyde & Co has completed its management turnover by replacing long-standing chief executive Peter Hasson with chief operating officer Matthew Kelsall.
Kelsall’s (pictured) appointment is effective from 1 January 2020 and comes after the firm elected Peter Hirst its new senior partner, replacing Simon Konsta from November 1. Hirst and the Clydes’ management board led the chief executive recruitment process. Continue reading “Clyde & Co further reshuffles leadership with internal CEO appointment”
Long-standing TLT managing partner David Pester is to be replaced by corporate head John Wood (pictured) after 19 years in the top role.
The Bristol-based LB100 firm said today (1 October) Wood, who has been at TLT since 2000 and head of corporate since 2003, will take over from April next year. Pester will remain at the firm in a strategic role to be specified later. Continue reading “Fantastic platform: TLT managing partner Pester to stand down after 19 years”