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Corporate partner Eugene McCague has been voted in as the new chair of Dublin giant Arthur Cox after current chair and head of corporate, James O’Dwyer, announced his intention to step down from both roles in April 2006.
Last weekend, days after O’Dwyer’s announcement, Arthur Cox held a selection process to find its new chair. It is understood five candidates stood with McCague emerging the winner
Arthur Cox managing partner Padraig O’Reardon said the firm was able to hold the selection process so quickly after O’Dwyer’s announcement because the chair had made no secret of his intentions. “James has been a partner at Arthur Cox for 33 years and chair for 12 years,” he said. “I think he thought it was time for a change, but he will remain very actively involved.”
The exit of O’Dwyer will see a change in the length of time a partner can remain as chair at Arthur Cox. From April partners will be voted in for a maximum of two four-year terms, the same as the managing partner position. The successor to O’Dwyer as head of corporate has yet to be appointed.
O’Dwyer is one of the highest-profile names in the Dublin legal market. He has been chair of the Republic’s leading firm for 12 years and will continue as a consultant.