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The head of Allen & Overy's (A&O) private client group and the firm's longest standing partner Peter Mimpriss is due to retire at the end of September
His move reduces the firm's private client department to three partners and 21 associates. It also comes at a time when A&O is shaking up the department to refocus its attention on corporate trust work. Mimpriss is understood to be at the top of lockstep and Clare Maurice and Richard Turnor, two of the other partners in the group, near the top. Turnover for the department is understood to be around £5.8m, 1 per cent of the firm's turnover. Maurice said: "Management is pleased about the firm's work this year." Mimpriss, who was unavailable for comment, will retire from the firm around the time of his 60th birthday to become chief executive of a charity. A&O said details of the charity cannot be disclosed as it is in the process of being set up. Charity work is central to Mimpriss's practice, alongside advising rich clients on investing their wealth. He is the co-founder of the Charity Law Association, besides having a host of other charity-related positions, including being a senior member of the World Trade Center Disaster Fund and a trustee of the Prince's Trust. He is currently involved in the establishment of the Institute of Philanthropy.