(BLP) has promoted five associates to its partnership, the second fall-off in promotions in a row.
The slight dip from 2007-08, when six were made up, is the second year of low promotions since 2006-07’s glut of 13.
However the lower partnership promotions coincide with the firm’s introduction of the associate director alternative to partnership, first reported by The Lawyer (12 Jan 2006), to which four associates were promoted last year, and nine the year before that.
The firm made up two and nine associates respectively for each of the two years before the introduction of the scheme.
Managing partner Neville Eisenberg said: “I am very pleased for all of them and delighted that our continued growth has enabled us to offer them this opportunity to develop their careers with us.”
Two of the associates to join the partnership on 1 May are in the tax group, with one each in the finance, technology and real estate teams.
All five of the promotions are in London, with the firm’s offices in Paris, Brussels and Singapore all missing out.
The 2008-09 new partners are:
– Elizabeth Bradley and Julian Hickey (corporate tax, London)
– Alex Latner (corporate finance, London)
– Vanessa Barnett (business and technology, London)
– Angus Ford (real estate, London).