Lovells managing partner for Germany Oliver Felsenstein is stepping down from the role after just a year and a half in the job.
Felsenstein said his decision was prompted by a desire to undertake more client work. He said: “I’m a victim of the success of our private equity practice.”
The German partner will continue as the firm’s co-head of corporate alongside London partner Hugh Nineham. Felsenstein said that he felt time pressures compelled him to choose one of the two roles.
Under Lovells’ constitution, managing partner Lesley MacDonagh will now consult with the German partners in order to find a successor to Felsenstein. The new managing partner is expected to be appointed by 1 April.