Pannone has launched a new management structure, with sweeping changes that will see Joy Kingsley step down from the managing partner role after 14 years and the establishment of the first board in more than a decade.
Kingsley will be replaced by corporate head Steven Grant, with Kinglsey taking on the new role of senior partner. Both will sit on a 10-member board, which will include six practice heads (three from commercial and three from private client), an operations partner and a finance partner. After running the firm since 1994, Kingsley wanted to reduce her day-to-day involvement. "It will be a considerable change for me," she said. "It will be nice to adjust after 14 years of mad working hours."
Grant was one of the five original partners at the firm and has been corporate head for five years. He will continue as a partner in the corporate team. Grant's deputy Michael Howlett is now running the team on a temporary basis.
When Kingsley took over in 1994 the firm had just 180 staff and a £6m turnover. It has now expanded to 780 staff and brings in £50m.