New York-based Davis Polk & Wardwell has elected London-based partner Tom Reid to the firm’s three-member management committee.
It is the first time the New York giant has had a UK partner on its most senior management board, signalling the increasing prominence within the firm of Europe and the City.
Reid was voted onto the committee on 25 April for a three-year term, replacing corporate department head Andres Gil, as first revealed on TheLawyer.com (29 April).
He ;joins ;managing partner John Ettinger and litigation partner Carey Dunne, who were re-elected to the committee.
Reid played down the significance of his appointment, but said it could serve to raise the profile of Davis Polk’s European practice.
“We already have a pronounced international focus,” said Reid. “My position on the management committee doesn’t say anything at all about a change in that strategy, but it might raise the awareness, externally, of our focus on Europe.”
Reid led the Davis Polk team advising ABN Amro on its £50.2bn takeover by a Royal Bank of Scotland-led consortium together with Paris partner Meg Tahyar.
Reid became a partner at Davis Polk in 1995. In 2000 he left to become a managing director in the investment banking division of Morgan Stanley, but rejoined the partnership in 2003.