Morgan Cole chair offers hope

Morgan Cole insurance head Robin Havard will become the troubled firm's next chairman

As revealed on lawyernews last week, Havard beat corporate lawyer Graeme Guthrie and litigator Allan Wilson to the job.

Sources close to the firm said that Havard is likely to be a stronger chairman than incumbent John Cole, who will return to fee earning from April. “Robin is a healer and that firm needs a lot of healing,” said one source.

More than 40 partners have left the firm since the 1998 merger of Cole & Cole and Morgan Bruce. With last year's average profits per partner at £135,000, Havard will also need to address the issue of low profitability.

Last year, Havard stepped into the shoes of disgraced insurance head Iain Tenquist.