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Atlanta firm King & Spalding is overhauling its management structure to prepare for future expansion.
The 700-lawyer firm has dumped the role of firmwide managing partner. Current managing partner Walter Driver, also chairman of the firm's governing policy committee, will take the title of chairman. He will focus on strategic issues, firm growth, cross-office capabilities and client relationships. The day-to-day running of the firm will be handled by four managing partners who will each take responsibility for one of the firm's offices. Former head of the real estate practice Mason Stephenson will take over as managing partner for the firm's head office in Atlanta. Sedwick Sollers, who used to head the special matters practice, will become managing partner of the Washington DC practice. Corporate finance partner Mark Zvonkovic will be managing partner of New York, while the former head of the corporate practice in Atlanta Randolph Coley will become Houston managing partner.