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With the recent marginalisation…sorry… repositioning, of Freshfields Bruckhaus Deringer's banking practice, the firm's corporate partners must be feeling a concentration of power of late. Which is why it is all the more interesting to see, as has just been announced, that seven of the 21 new sector heads are London-based corporate partners - nine if you include corporate finance partners Chris Mort and Christopher Bown. London did particularly well overall, with 11heads being City-based.
The firm's management is denying that there is any politicking behind the recent appointments.
"Corporate partners tend to be more generalist," co-senior partner Konstantin Mettenheimer told The Lawyer. "But we have more corporate partners than anyone else. Is the London corporate team taking over? No. We just tried to find people with leadership qualities, client-facing skills and sector knowledge."
So, no corporate coup then. It's just that corporate partners make better leaders than anyone else, apparently. Banking has no representation at all among the sector heads.Get the latest news and an irreverent commentary delivered to your desktop every day by subscribing to Lawyer News Daily.