Macfarlanes has made up five associates to its partnership in a round that included its first corporate promotion for five years.
The City firm has promoted lawyers in five different practice areas, an increase on the four new partners last year (1 April 2011). The previous year it promoted only one associate in the pensions group (27 April 2010).
Corporate associate Nicholas Barclay becomes the firm’s first promoted corporate partner since Howard Corney and Luke Powell in 2007, when four associates were made up in total (12 April 2007).
Barclay joins the partnership on 1 May alongside funds associate Alex Amos, private client associate Oliver Court, private client property lawyer Michael Ranson and derivatives expert Will Sykes.
Amos is the latest addition to the funds practice’s senior team, with the firm bolting on a West End hedge funds boutique earlier this year (16 January 2012). It followed the departure of highly regarded private equity funds partner Stephen Sims to Skadden Arps Slate Meagher & Flom (21 September 2011).
The firm made up just two partners in 2009 (1 May 2009) and a three-year high of eight in 2008 (27 March 2008), but neither rounds included corporate promotions.