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Hogan Lovells has created a position on its 12-strong management board for equity partners aged 45 and under.
Graduate recruitment partner Ben Higson, who was made up in 2009, is the first partner to take up the position. He was in The Lawyer’s Hot 100 list in 2011, having advised on deals worth more than £2.5bn in 2010.
Higson was voted in by partner election, after the existing management board decided they wanted to introduce a new seat to keep the committee headcount at 12.
Without a new position the board would have shrunk to 11, with co-CEOs Warren Gorrell and David Harris stepping down in June. Hogan Lovells will abolish its dual-headed management structure from July, when US co-head of litigation Steve Immelt will take up the role (17 December 2013).
It is not known how many partners went for the newly-created role. Chair Nicholas Cheffings said the post is designed to ensure the firm has “broad representation” from across the partnership.
The firm’s board has supervisory responsibility for general affairs of the firm, but has no responsibility for strategy, management or operating decisions.
From 1 May 2014 the board will comprise:
Chair (and “At large”): Nicholas Cheffings Co-CEOs: Warren Gorrell and David Harris (From 1 July 2014: CEO: Steve Immelt) Asia/Middle East: Jun Wei Continental Europe: Leopold von Gerlach Washington DC area: Helen Trilling London: Emily Reid The Americas: Bill Curtin The Americas (Except DC): Cole Finegan 45 and under: Ben Higson ‘At large’ representatives: Daniel González, Craig Hoover, and Michael Silver