Linklaters taking steps to ensure smooth succession
Linklaters is taking steps to choose a permanent successor for departing managing partner Simon Davies. Davies is stepping down from his post a year early, which has changed the traditional dynamics for the appointment of a managing partner.
In the past, the firm’s partners would vote in a senior partner who in turn would appoint a new managing partner. That appointment would then be ratified in firmwide partnership vote.
With Davies’ early departure, the firm is planning to appoint a new managing partner before the next senior partner election in September 2016. That means the new senior partner will not have the opportunity to appoint a managing partner after being elected.
Davies announced his departure earlier this month, opting to join Lloyds Bank in a newly created position of chief legal, people and strategy officer.