Freshfields Bruckhaus Deringer managing partner Ted Burke is planning to stand down in the first quarter of 2014 to take up a general counsel position of Boston private equity firm Arclight Capital Partners. Here we look back at his time at the top.
Burke joins Freshfields from Milbank Tweed Hadley & McCloy
Burke is confirmed as new chief executive of Freshfields, replacing Hugh Crisp who stands down for personal reasons
Freshfields scraps the all-equity partnership in the Far East.
Freshfields partners vote in favour of ditching its all-equity partnership model, with the partnership council approving plans to create fixed-share partners. It was believed the move was intended to secure a US merger.
Freshfields’ closes a two-partner Singapore office to refocus its Asia strategy on China.
Freshfields launches a major overhaul of its support services teams, resulting in a number of staff redundancies.
Management kick off a radical partner de-equitisation programme, affecting up to 50 equity partners, in a bid to boost profit.
Thirty plateau partners aged 50 or over retire to take advantage of more favourable pension terms, before the scheme’s overhaul. Between natural attrition, de-equitisations and the pension scheme, Freshfields cuts 100 partners from its equity within 18 months.
The firm refocuses on growth in the Middle East, securing a license to practice in Bahrain.
Freshfields launches an office in Abu Dhabi headed by Charles July.
The firm launches a US litigation practice, hiring four high profile partners in just six months.
Freshfields overhauls the management structure. Burke loses the firm’s senior partner election to Will Lawes, and switches his ‘chief executive’ position to that of managing partner.
Freshfields looks to expand its Asian litigation and investigations footprint, by sending two of its most senior litigation and arbitration partners to Hong Kong.
Freshfields relaunches an arbitration hub in Singapore after withdrawing from the region in 2006 to focus on Greater China.
Freshfields reportedly sends a high-level delegation to Australia to look into possibilities in the region.
Burke confirms his decision to leave Freshfields to take the general counsel and COO role of Boston private equity firm Arclight Capital Partners.