Casting my mind back to the ancient history of mid-March when I penned my first piece assessing the impact that the coronavirus crisis would have on the profession, I was forced to rely on guess work and recent history as a guide. London was in semi-lockdown, the official death toll from the virus hovered around 10,000 globally – taking a view on how it would play out was a matter of gut, contacts and an anorak’s grounding in the business model of law.
My core case was that the profession would be one of the least-impacted major industries but would take a major hit in what was clearly going to be a deep recession. The other contention was that the pandemic would put the lofty values and soft issues that law firms have become increasingly inclined to promote to a brutal test, a benchmark many would fail. Continue reading “Comment: Gauging the profession’s Covid-19 response – Turns out five years of spouting values wasn’t just puff”
Latham & Watkins’ executive committee has appointed Stephen Kensell as London managing partner, just four years after he joined from Allen & Overy (A&O).
The appointment, effective yesterday (5 March), sees the banking veteran take over from fellow finance partner Jay Sadanandan, who leaves the post after five years. Continue reading “‘Building on the momentum’: Latham appoints banking veteran Kensell as London head”
After a hard-fought election which saw four vie for leadership, the Allen & Overy (A&O) partnership has thrown its weight behind Gareth Price as its new managing partner.
The global head of both the projects and energy group, Price joins Wim Dejonghe, who was earlier this week re-elected to a second stint as senior partner, to complete the City giant’s leadership. Continue reading “Seward misses out as A&O names its Price for managing partner successor”
After what was viewed as a too-close-to-call contest, Allen & Overy (A&O) partners have elected Wim Dejonghe as senior partner for a second four-year term.
The move is a vote of confidence for Dejonghe (pictured), who had stood against another heavyweight candidate in the form of Philip Bowden, the City giant’s well-regarded banking co-head. The election also came in the wake of a contentious failed bid for a US merger. Continue reading “A&O re-elects Dejonghe for a second term after heavyweight challenge”
Penelope Warne (pictured) will remain at the helm of CMS Cameron McKenna Nabarro Olswang until May 2024 after the partnership confirmed her as senior partner for a second term.
A spokesperson for the firm said the vote by the partnership closed today (24 January) but declined to comment on whether the election was contested. Continue reading “Warne gets second term as CMS UK senior partner”
While missing out on the firm’s top management role, Hogan Lovells’ London office is all but certain to see one of its most prominent partners appointed as deputy leader for the second time in a row.
Two weeks after the board recommended him as the firm’s next chief executive, Asia Pacific head Miguel Zaldivar nominated today (12 December) litigation head Michael Davison (pictured) as his proposed deputy from July 2020. Both nominations are subject to a confirmatory vote by the partnership later this month. Continue reading “Some joy for UK partnership as Hogan Lovells board backs City-based litigation chief as deputy CEO”
As voters head to the polls on UK general election day, Allen & Overy (A&O) has confirmed the names of six partners who will vie for leadership in its own election in February.
Senior partner Wim Dejonghe (pictured) is standing for a second term and will be up against Philip Bowden, the City giant’s well-regarded banking co-head. Continue reading “Dejonghe to stand again as A&O senior partner as six leadership hopefuls revealed”
Herbert Smith Freehills (HSF) has appointed senior litigation hand and managing partner for Asia Justin D’Agostino (pictured) as its new chief executive officer (CEO), following Mark Rigotti’s decision to stand down from the role in spring of next year.
D’Agostino, 47, also spearheads the firm’s global disputes practice and US regions. Unlike the London-based Rigotti, D’Agostino will retain his home base in Asia during his tenure where he manages some of the firm’s largest clients. Continue reading “Charismatic and strategic: HSF names Asia managing partner and disputes leader D’Agostino as CEO”
Canvassing ex-partners a few days after Hogan Lovells’ board recommended Miguel Zaldivar (pictured) as the firm’s next chief executive, Legal Business was in the awkward position of having to spell his surname. Even several current City partners admitted to having never met him.
Yet the Hong Kong-based, Venezuelan energy and infrastructure specialist who spent most of his career in the firm’s Miami arm is all but certain to succeed Steve Immelt at the helm of the firm next July, following a rubber-stamping vote by the partnership later this month. Continue reading “Comment: Miguel who? New Hogan Lovells chief is going to be a hard sell in Europe”
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”