Cole is not standing for re-election and will return to full-time fee-earning. As revealed by www.thelawyer. com (9 January), chief executive and non-lawyer David Main has left Morgan Cole by mutual agreement, Cole said.
The firm, created by a 1998 merger, has dropped its chief executive role and its system of four divisional directors.
The operational management team will now comprise two new practice area directors, Philip Jardine and Alison Sarsfield-Hall, existing operations director Andrew Meyrick and new client services director Bleddyn Rees, previously a divisional director. Rees is also tipped to run for chairman.
Main presided over the introduction of merit-based remuneration, which saw more than 40 partners leave since it was created in 1998.
But the firm has made some lateral hires. The partnership has been joined by Citibank's Hedd Vine and Belinda Isaac from niche practice Arnander Irvine & Zietman, where she was an equity partner. The firm also plans to appoint non-executive directors from industry.