Allen & Overy readies itself for management change
Allen & Overy will reach the limit of two served terms next May, paving the way for changes in the firms leadership. Since 2008, David Morley and Wim Dejonghe have held the two posts, respectively. Upon the end of his term, Morley plans to retire from the firm after 36 years.
An official announcement of candidates for the two roles is expected next year, but some names have already garnered some attention for the upcoming race. Dejonghe will have the option to run for the senior partner post. For the seat of managing partner, co-head of global corporate Andrew Ballheimer, global banking co-heads Stephen Kensell and Andrew Trahair, as well as disputes head Tim House are all considered to be viable candidates.
The firm has a small organising committee that oversees the elections process. The committee, which is partner-driven, will allow for partners to submit themselves for consideration before the end of the year. After nominees are officially announced, there will be a campaign period. The vote will take place early next year and will be followed by a handover period before the new roles come into force.
Morley previously beat Dejonghe for the global managing partner role in 2003. He was then selected senior partner in 2008.