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Slaughter and May has announced a re-jig of its practice stream heads following a partner vote.
The move will see corporate head Frances Murphy and finance chief Paul Stacey voluntarily step down from their roles to be replaced by corporate partner Andy Ryde and finance partner Andrew McClean respectively.
Ryde and McClean will begin their three-year terms as head of the practice streams from 1 May 2014. Meanwhile, Slaughters’ seven other practice stream heads intend to continue in their existing leadership capacities.
Slaughters senior partner Chris Saul said in a statement: “It’s excellent that Andy Ryde and Andrew McClean are joining the roster of stream heads here at the firm. They are both extremely talented and energetic individuals and will make a great contribution in their new roles.”
Murphy has headed Slaughters’ corporate stream since 2008 when she replaced incoming senior partner Chris Saul to become the department’s first female head (31 March 2008). Meanwhile, Stacey has run the firm’s financing stream since March 2011 when he stepped into the shoes of Andrew Balfour, who retired (31 March 2011). The pair will both be returning to full-time practice.
New corporate chief Ryde has an array of top-tier clients on his books including Marks & Spencer, Bupa and Moody’s. He manages Slaughters’ relationship with global packaging giant Chesapeake and in 2012 scooped a joint role on Direct Line’s IPO alongside its previous adviser Allen & Overy (14 September 2012).
McClean, who will lead the financing stream, has recently advised on transactions including the bail-in of the Central Bank of Cyprus and the refinancing of Technicolor. He was appointed to the firm’s 11-member partnership board in March 2011, having returned to the City from Slaughters’ now-defunct Paris office in 2009 (2 October 2009).
The pair will follow in the footsteps of Jan Putnis, who took over from retiree Ruth Fox as head of the firm’s financial regulation practice group stream last month (24 January 2014).
As of 1 May 2014, the firm’s full line-up of practice stream heads will be as follows: