Norton Rose promotions drop by a third” />Norton Rose has promoted 16 associates to its partnership, a drop of 30 per cent compared to last year when the firm made up 23.
Peter Martyr, Norton Rose chief executive, said the fall in the number of promotions was not an issue.
“We’ve had a slight dip on last year but we’re happy with those that have been made up,” said Martyr. “The promotions were based on merit and so some didn’t make the mark this year.”
Martyr said that the new partners have been made up in the firm’s core areas and this maintains a status quo across Norton Rose’s practice areas.
“This year we’ve seen 35 new partners and the year before 40. This has been because once we managed to get our business straight we’ve been able to concentrate on getting more strength and depth,” said Martyr.
Banking was the largest growth area with six new partners, followed by corporate finance with three.
Competition and disputes both took two, while real estate, tax and construction received one a piece.
The promotions see London take on the most new partners, followed by Munich and Amsterdam with three. Dubai takes two, while Brussels, Prague and Shanghai take one each.
The new partners:
Daphne Broerse: Infrastructure
Remco Smorenburg: Tax
Paul Vine: Banking
Christian Filippitsch: Competition and regulatory
Martin Preston: Construction
Oliver Charlesworth: Banking
Davide Barzilai: Islamic finance
Dorian Drew: Dispute resolution
Radford Goodman: Dispute
David Hawkins: Real estate
Mark Tricker: Competition
Klaus Bader: Corporate finance
Duncan Batchelor: Asset finance
Jamie Nowak: Corporate finance and employment
Marek Bel_an: Banking and real estate
Stanley Lai: Corporate finance