Herbert Smith senior partner David Gold has ditched his plan to create a managing partner role.
According to several sources at the firm, Gold’s new management structure, which could be unveiled as early as this week, will include the creation of an executive committee instead of appointing a managing partner.
It is understood that the six-strong executive committee will include Herbert Smith’s three main divisional heads.
After winning the two-way senior partner race, Gold told The Lawyer he was considering creating a role akin to that of a managing partner to work with him on running the practice side of the business (www.thelawyer.com, 27 October). Gold said the role was likely to be filled by a corporate partner in order to bridge the gap between the firm’s contentious and non-contentious practices.
It is believed that Gold is now planning to appoint a non-lawyer as chief operating officer. The new management structure will come into force on 1 April, when Gold formally takes office.
Herbert Smith and Gold declined to comment.