The longstanding head of Berwin Leighton Paisner (BLP)’s information law unit, Adam Rose, has left the firm for Mishcon de Reya.
Rose leaves BLP after 23 years with the firm, having joined in 1990 and become a partner seven years later. As well as heading the information law arm Rose also led BLP’s work with Iberian and Latin American clients and had a lead role in the commercial and technology group.
Rose told The Lawyer that he would look at how best to mesh the corporate, IP and IT departments at Mishcon in order to maximise what the firm can offer.
BLP looks to be enduring a tough few months, with numerous partner exits and various market sources claiming that profit has fallen by at least 35 per cent. The firm’s global private equity head Raymond McKeeve left the firm for Jones Day last month (20 August 2013), marking the last of around 27 partners to have had their LLP appointments terminated since November 2012, according to filings at Companies House. Some have suggested that equity partners at the firm could see their remuneration packages halved.
Rose said he did not leave BLP due to market noise over its dwindling profits (30 July 2013), instead joking that everyone “should move once every 23 years.”
When asked about the exits at BLP, Rose said he did not feel there will be a partner stampede for the door.
“All firms have their moments of glory and their moments of less glory,” he said. “Lawyers take a long-term view of things.”
BLP’s revenue fell by 5 per cent in 2012/13, from £246m to £233m. It is yet to announce its net profit or average profit per equity partner (PEP) (19 July 2013). In 2011/12, turnover rose 10 per cent from £229m to £246m. However, PEP dropped by 7 per cent over the same period, from £712,000 to £660,000.
For more on the latest exits from BLP read our analysis: Room at the top