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Herbert Smith’s senior partner elect David Gold has unveiled the new management structure he is hoping to install when he takes office next April.
The radical restructure is expected to result in the creation of a role akin to that of a managing partner. Gold said that he is going to identify a partner to work very closely with him on running the practice side of the business.
The shake-up is also expected to result in the appointment of a chief operating officer. Gold said that he would like to post to be filled by a non-lawyer who is a professional manager.
"It’s possible that the second partner whose going to work with me will actually take on the role of managing partner," added Gold.
Gold said that his number two is probably going to be a corporate partner in order to create a bridge between the contentious and non-contentious practices.
One Herbert Smith source said the role would probably be filled by a more junior corporate partner than Richard Fleck, Gold's rival in the senior partner elections.
A decision is yet to be made about whether the role of Asia managing partner should also be replaced.