Too many chiefs?

Freshfields has created yet another corporate management role

Simon Marchant
Simon Marchant

Freshfields Bruckhaus Deringer’s introduction of a London M&A head was met with an unanimous response: yet another management position for the Fleet Street firm?

The role – shared by Simon Marchant and Ben Spiers – brings the number of London corporate partners with management roles to an eye-watering 20 out of 52.

Marchant is a former Asia managing partner, while Spiers will continue as co-head of TMT.

The other 20 team heads are: Christopher Bown (corporate private equity); Edward Braham (global corporate); Bruce Embley (high-growth markets and co-head of sovereign wealth funds); David Higgins (global financial investor group co-head); Tim Jones (London 2012); Sundeep Kapila (global head of market infrastructure); Julian Long (London corporate); Julian Makin (mining and metals); Laurie McFadden (international energy and natural resources co-head); Christopher Mort (global head of leisure); Sarah Murphy (US corporate for Europe and Asia and co-head of international capital markets); Barry O’Brien (corporate finance); Michael Raffan (financial services); Mark Rawlinson (London managing partner); Stephen Revell (co-head of CEE/CIS focus group); Robert Stirling (London non-contentious insurance); Martin Taylor (leisure co-head); Graham Watson (natural resources co-head). And that’s just in corporate.

Sceptics might say the lockstep firm has no financial way of keeping rainmakers so makes them heads of something or other instead.
The firm said it aims to share responsibility widely, although its chosen system could be seen as democracy taken a bit too far.