Boodle Hatfield has completed a major overhaul of its senior management after reorganising the firm to return to its core practice areas in property, tax and financial planning.
Head of property Richard Maughan will replace managing partner Chris Putt who will continue in his role leading the corporate department.
The 280-year old practice has also appointed a new chief executive in Nick Temple, formerly a senior partner with Andersen where he was worldwide managing partner for technology risk consulting. Temple is also a non-executive member of the audit committee of British research charity the Wellcome Trust.
The replacement of corporate expert Putt with property specialist Maughan also symbolises a change of focus at the firm.
Boodle Hatfield had attempted to build up its corporate practice though was hampered by the downturn in deal flow. “Everyone would agree that it’s been a tough market in corporate. We were given the sharp edge,” said Maughan.
Property comprises 40 per cent of the entire firm while Boodle Hatfield is actively recruiting in tax and financial planning. Maughan said: “We think we’re a natural home for partners in firms where tax and financial planning are not as central as they are here.”