Lovells streamlines management

Lovells is radically overhauling its international executive in a move that will result in the number of partners sitting on the City firm’s main leadership body being slashed.

According to well placed sources, the executive, which currently includes the heads of Lovells’ five practice streams, will be reduced to four with the head of the firm’s projects practice being absorbed into the other streams.

Meanwhile, the regional representation will be reduced from six to four with the regional managing partners of Western Europe, Eastern Europe and Germany being merged into one region known as Continental Europe. The regional managing partners for London, the US and Asia are believed to be unaffected.

It is understood that a new managing partner for Continental Europe will be appointed once the new structure is approved.

Lovells declined to comment.