Veteran Latham & Watkins Chair to step down in 2014
Latham & Watkins has announced that its global chair and managing partner - Robert Dell - will retire at the end of 2014, after 20 years at the helm.
Dell has led the firm since 1995, during which time he has overseen an increase in annual revenue from $262m to $2.2bn, and a near quadrupling of the firm's lawyer headcount to 2,100, without the help of any mergers. In the same period, profits per partner grew from $550,000 to $2.44m.
An election for the firm’s leadership is scheduled for July 2014, and a succession committee has been constituted to select a replacement to put to the partners.
"Bob is a giant of the profession whose far-sighted leadership and strategic expertise have helped build an incredibly strong institution with very diversified practices and a phenomenally strong global platform," said the firm's vice chair Ora Fisher.
"He has the rare combination of sound instinct, unflappable confidence and bold decision-making that make him a truly extraordinary leader."