Slaughter and May has made its biggest round of promotions for four years, making up five partners in its City base.
Three of the new partners have been made up in the corporate group with the remaining two in the finance team. Michael Corbett, Paul Dickson and Adam Eastell are the new corporate partners, while Ian Johnson and Richard Jones have been made up in the finance group, effective from 1 May.
The promotions mark the largest round of new partners since 2007, when five were made up in the City. Last year, Slaughters promoted two lawyers to the partnership, with only one – Richard Smith – in London. The previous year also saw only two lawyers join the partnership, while four were made up in 2008 and five in 2007.
Senior partner Chris Saul downplayed the significance of the bumper round of promotions.
“It’s a question of [having] the right candidates,” he commented. “Partner promotions are always long-term decisions and depend upon who’s coming up in any given year. We’re delighted to have five new partners this year, but it’s a reflection of the qualities of the individuals rather than any particular view of the economic outlook.
“At the same time, it’s excellent to have three new partners in corporate and two in finance. It also speaks to the theme that there are great prospects at the firm for talented associates.”
Earlier this month, Freshfields Bruckhaus Deringer became the first magic circle firm to announce this year’s partner promotions, with 20 lawyers making the step up including nine in the City (4 March 2011).