Reynolds Porter Chamberlain is proposing to slim down its seven-strong management team after appointing a chief executive for the first time.
Reynolds Porter has just taken on former BDO Stoy Hayward managing partner and Carphone Warehouse non-executive director Adrian Martin as chief executive. The firm is now proposing a review of its 15-year-old consensual management model.
Reynolds Porter is run by an executive of seven partners, including chairman Tim Brown, who is also a fee-earner. It sees the appointment of a non-fee-earning leader to drive the firm as necessary for growth, said Brown.
“We're at a stage now where we want someone responsible for leading the firm and assisting the partners in the growth of the firm. We'll review the size of the executive. It's a seven-partner committee that we'll look at slimming down,” Brown added.
Martin stepped down as managing partner of BDO in August 2000. He took up the Carphone Warehouse post shortly afterwards, but stayed on at the accountancy firm as a consultant.