Berwin Leighton Paisner (BLP) real estate chief Robert MacGregor is stepping down from the role next month and will hand over to Chris de Pury.
MacGregor has been head of the group for eight years, having joined BLP in 2004 from Clifford Chance to lead the department. He and de Pury are understood to have been among the few lateral hires on a guaranteed level of pay of over £1m. De Pury joined BLP from Herbert Smith in 2007. Recent deals include advising MGPA Global Fund III, on its purchase of Exchange Tower in London’s Canary Wharf for £135m.
MacGregor became chairman of the firm earlier this year after being the only candidate in the running to replace Peter Robinson.
A spokesman said: “Real estate is such a huge part of the business, it’s really important to make sure we have to the right person at the head of the practice.”
Real estate currently represents a quarter of BLP’s total business and brings in an average revenue per partner of £1.27m. In 2010/11 the real estate group turned over £64.1m and in 2011/12 real estate revenues dipped by 3.3 per cent to £62m.
However, this year the firm made just one promotion in real estate compared with four in corporate and two in tax.