Shearman & Sterling's long-serving UK managing partner Kenneth MacRitchie is stepping down after six years in the role.
Shearman & Sterling's long-serving UK managing partner, Kenneth MacRitchie, is stepping down after six years in the role.
MacRitchie, who will return to full-time fee-earning, will be succeeded by acquisition finance star Anthony Ward.
Shearman partner Julian Tucker commented: "It's going to be tough. Trying to make money within the challenges that the market sets us will be difficult. But Anthony's a tough guy and I think he's a good choice."
Ward joined Shearman from Ashurst in 1998 with a team of four partners led by Stephen Mostyn-Williams. He specialises in acquisition finance and has worked for clients such as Citigroup, Merrill Lynch and Texas Pacific Group.
After six years as London managing partner, MacRitchie returns to his project finance practice.
Tucker said: "He's done six years and that's a pretty long stint. He is a deal lawyer. He likes to get down and dirty. In US firms you don't stop fee-earning when you move into management.
"Trying to combine the two, and considering the growth of the office over the last six years, he's done extremely well but it's a tough gig."
Ward added: "I am very appreciative of all that Kenneth has done to get us here over the past six years, and I know I will rely on his good counsel."
MacRitchie was on holiday and unavailable for comment.