The London head of Orrick Herrington & Sutcliffe is stepping down after five years.
Orrick announced today that London partner-in-charge Martin Bartlam would be succeeded by Anne O’Neill, a real estate partner and member of Orrick’s European corporate group who joined the firm in June 2005 from Coudert Brothers. It is understood that there was no fixed term associated with Orrick’s London management role.
“You’ve got to work out when the right time is to step down,” Bartlam said. “One of my goals was to help build the office into a serious and profitable business. It’s grown every year and did tremendously well last year.”
Last year Orrick’s London office’s revenue hit £24.54m, a sterling increase of 18 per cent, although only a 1 per cent rise when converted to dollars (1 February 2010).
In what was a landmark year for Orrick’s City offering the US firm also moved to new offices in Cheapside.
“I feel moving into the new building was a physical manifestation of our performance while the strong profits we achieved last year was an economic manifestation of it,” added Bartlam. “I feel as far as my energy and efforts are concerned, it’s the right time to refocus them on fee earning.”
O’Neill’s real estate practice includes a variety of clients such as Capital Shopping Centres and Notting Hill Housing Group.