PriceWaterhouseCooper’s legal arm Landwell, the UK’s sole surviving accountancy-tied law firm, has made up a salaried to the equity – its second only salaried partner promotion since its launch in 1996.
Richard Edmundson, a lawyer in the firm’s successful human resources/ international corporate restructuring practice has now been promoted to the equity.
The firm has historically struggled to promote its own talent. A confidential strategy document prepared by Landwell in autumn 2001 identified the failure to make up equity partners as a key issue. At the time, sources inside the firm claimed that it inevitably harmed morale among salaried partners.
The firm’s first equity promotion came last year as salaried corporate partner Shirley Brookes was made head of corporate.