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Ashurst private equity head Charlie Geffen has won the race to succeed Geoffrey Green as senior partner, beating litigation partner Ed Sparrow to the job.
Ashurst senior partner crown" />Ashurst private equity head Charlie Geffen (pictured) has won the race to succeed Geoffrey Green as senior partner, beating litigation partner Ed Sparrow to the job.
The election process concluded today with the contest understood to have been tight. Both partners are members of the firm's management committee.
Geffen, who takes up the new post in January, joined the firm as a trainee in 1982 and made partner in 1991. He counts a number of major private equity houses as his clients and recently acted on Apax's £1bn offer for Emap. He also advised the Blackstone Group and its portfolio company Merlin Entertainment Group on Merlin's £2bn merger with The Tussauds Group (as reported on TheLawyer.com, 5 March).
Green said of the result: "I am very pleased, but would have been very pleased with either - both are very strong candidates and have a lot to recommend them. They were always going to be the front two candidates for the role."
Geffen and Sparrow emerged as the only two contenders for the role after Green announced that he would stand down as senior partner to relocate to Hong Kong (11 Sep 2008). He will make the move to Asia in February and will spearhead Ashurst's strategic push to grow in China.
Green has held the senior partner position since 1998 and presided over a period of strong growth at the firm. During his tenure the firm has opened in the Middle East and established itself as a credible go-to adviser outside the magic circle.
Geffen said: "On behalf of the partnership, I would like to express our thanks to Geoffrey. We are very fortunate to have had someone of his calibre and experience driving the firm forward and during his tenure Ashurst has undergone a period of transformational change and great success."