The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Shearman & Sterling's UK base is to gain a new managing partner, with acquisition finance lawyer Anthony Ward filling the gap left by Kenneth MacRitchie.
MacRitchie, ;who ;is stepping down from the position after six years at the helm in the UK, is to return to full-time fee-earning in the project finance practice.
Ward said: "I'm very appreciative of all that Kenneth has done to get us here over the past six years and I know I'll rely on his good counsel."
Ward, who specialises in acquisition finance, joined Shearman from Ashurst in 1998 with a team of four partners led by Stephen Mostyn-Williams. He has worked for clients such as Citigroup, Merrill Lynch and Texas Pacific Group.
According to Shearman partner Julian Tucker, while Ward is a positive choice for the firm he will face a tough task in the years ahead.
"It's going to be tough," he said. "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."
Of MacRitchie, Tucker added: "He's done six years and that's a pretty long stint. He's a deal lawyer. He likes to get down and dirty. In US firms you don't stop fee-earning when you move into management."