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Freshfields Bruckhaus Deringer managing partner Ted Burke is planning to stand down in the first quarter of 2014 to take up a general counsel position of Boston private equity firm Arclight Capital Partners. Here we look back at his time at the top.
Burke joins Freshfields from Milbank Tweed Hadley & McCloy
Freshfields partners vote in favour of ditching its all-equity partnership model, with the partnership council approving plans to create fixed-share partners. It was believed the move was intended to secure a US merger.
Thirty plateau partners aged 50 or over retire to take advantage of more favourable pension terms, before the scheme’s overhaul. Between natural attrition, de-equitisations and the pension scheme, Freshfields cuts 100 partners from its equity within 18 months.
The firm refocuses on growth in the Middle East, securing a license to practice in Bahrain.