Slaughter and May has announced a drop in its partner promotions for this year, with two associates joining the ranks.
Only one London associate has been made up compared with five last year, with an additional lawyer earning promotion in Hong Kong this year. None of the new promotions are in corporate, the firm’s traditional area of focus.
The Bunhill Row firm has made up City finance associate Ed Fife and Hong Kong disputes associate Mark Hughes.
The promotions have a notable Asian slant, with Fife having spent two years in the Hong Kong office and Hughes transferring to the location in 2010.
The round of new partners is down on last year, when five stepped up in the City, including three in corporate (24 March 2011). The firm made up two in 2010, including one in London.
Freshfields Bruckhaus Deringer also announced a drop in City promotions earlier this week, with the firm making up five London partners compared with nine last year (28 March 2012).
Readers' comments (3)
Sign of the times | 30-Mar-2012 12:37 pm
Only one associate made up to partner in London at Slaughter and May, arguably the UK's leading law firm....?
Sign of the times perhaps.
(And no doubt a sign of a lot of very worried un-promoted/un-promotable associates wondering what they'll do next).
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Nick | 30-Mar-2012 5:01 pm
They were absolutely dead last quarter of 2011. The partnership has also shrunk by almost 10% since the boom. Wouldn't be surprised if it ends up below 110 by the end of 2015.
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Anonymous | 30-Mar-2012 5:34 pm
No, its just a sign that Slaughters are being as selective as they always have been. They have, over the past 20 years, often only made up one or two partners in a year. They have always said they focused on quality and not quantity and it has, to the chagrin of other firms, never done them any harm.
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