Linklaters Sweden managing partner Jörgen Durban has handed over the reins to M&A head Peter Högström after almost 10 years in management.
As managing partner Högström will focus on growing Linklaters’ local client base.
He said: “There are some definite messages. We need to work on integration and the global corporate strategy by expanding the client base on a Nordic level.”
Högström will take over the managing partner role on 1 September.
The firm’s Swedish presence has suffered a number of departures to rival firms recently. In the last year Bird & Bird litigation head Henrik Bielenstein and banking chief Frederik Rydin left for Finnish firm Roschier.
Högström said: “The partners that have left have been amicable departures. It’s just the competitive environment we’re living in.
“A lateral hire is not something we rule out. We’re actively looking at expanding the client base and a lateral hire can help, so it’s a possibility.”
Durban joined Linklaters when local practice Lagerlöf & Leman merged with the magic circle firm in 2001.
Durban said: “I’ve been on the management board for nearly 10 years now. It’s time to hand over to someone younger.”