Hogan Lovells to replace senior partner

Young will leave the firm on 30 April after a 33-year stint, finishing his second four-year term as co-chair and stepping down as head of the firm’s corporate ­insurance practice.

“When I was elected as senior partner (of legacy firm Lovells) in 2004 I always said that if I did one four-year term I’d go back into my practice, but if I did two terms I’d regard that as sufficient and step down and leave the firm,” he said.

On the subject of his ­succession, Young said there were “no fixed plans”, adding: “That will have to be dealt with between now and April.”