Linklaters’ Australian ally Allens has elected Ian Wallace as the firm’s new chairman of partners, succeeding incumbent Ewen Crouch who is stepping down when his current term expires at the end of 2012.
Wallace will begin his term as chairman on 1 January 2013. He has been a partner of the firm since 1989 and has previously served as a member of the board and as deputy managing partner of the firm. He is a veteran practitioner in banking and finance with a focus on structured finance transactions and restructuring and insolvency practice.
“While we are immensely proud of our long history, we are tremendously excited and energised by our future opportunities as we continue to strengthen and deepen our engagement with our clients, in conjunction with our alliance partner, Linklaters,” Wallace said in a statement.
“During my four years as chairman, I have had the privilege of playing a role in the firm’s consolidation as a market leader in Australia. There are terrific opportunities that lie ahead for Allens through our alliance with Linklaters. Ian is the right person to assist the firm in taking advantage of these opportunities,” said Crouch.
Under Crouch’s leadership, Allens formed an exlusive alliance with Linklaters in April 2012 (23 April 2012).