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Field Fisher Waterhouse LLP announces today that the firm's partnership has voted in a new governance framework that will modernise and streamline the management of the firm.
The new structure, to be implemented in the new financial year, will see the firm run by an Executive Committee appointed by the Managing Partner and overseen by an elected Supervisory Board acting on behalf of the partnership. This replaces the existing structure of a single board comprising representatives from each practice area and a number of separate committees governing areas such as finance and business development.
The firm began the review of its constitution in March last year and following consultation with the partnership, voted in the changes on 12 January. The new structure reflects the needs of a firm that has seen a 56% rise in turnover over the last five years has almost doubled partner numbers with seven offices across Europe. The announcement follows the appointment of Managing Partner, Matthew Lohn in October last year and COO, Charlie Keeling in November.
Matthew Lohn, Managing Partner at Fieldfisher said: "The firm has changed a great deal in recent years, growing considerably and opening up offices outside the UK. We recognised the need to modernise our structure to ensure efficient, transparent and effective management whilst ensuring the partnership retains control and oversight of the firm. We are now in the process of implementing the changes which put the firm in good shape for continued growth and expansion in our core areas."
The Executive Committee, led by the Managing Partner will comprise both partners and business services heads appointed by the Managing Partner. The Committee will be responsible for implementing the strategy, managing the firm and co-ordinating the activity of offices, practice areas and business service functions.
The Supervisory Board will have a rotational membership of four partners taking three year terms. Members will be voted for by the partnership and will be responsible for supervising and holding management to account, act as a sounding board for management and feed into the Executive Board on behalf of the partners. One of the members will be elected as Chairman by the Supervisory Board, a role that will replace the firm's existing Senior Partner position.
For further information, please contact:
Louise Eckersley, PR Manager, Field Fisher Waterhouse LLP on 020 7861 4120