Addleshaw Goddard has confirmed that head of business support and restructuring John Joyce has been elected managing partner for a term of three years from today (16 May).
Joyce ran against former head of real estate Adrian Collins in the election, which kicked off early after incumbent Paul Devitt stood down from the post a year early (17 February 2014).
Market sources indicated that Joyce was the forerunner throughout the hustings despite both candidates presenting similar business plans.
Both are thought to have put the need for a merger at the forefront of the presentations to partners over the past fortnight.
The firm’s former managing partner Mark Jones, who was at the helm of the business for 17 years between 1992 and 2009, has also notified partners of his intention to retire in April 2015.
Jones said in a statement that he had informed the partnership in January of his plans, which will see him leave the firm some eight months after his 60th birthday in August.
“I intend to develop my management consultancy practice after that date, but April 2015 is still too far away to begin detailed planning for that,” Jones said.
Several high-profile partners have left the firm in recent weeks, including Manchester real estate head Mark Haywood who is leaving the firm with two other partners to launch an office for Nabarro in the city (14 May 2014).
Haywood is currently on gardening leave while details of the trio’s departure are settled. Market sources described Haywood as an “A-team player” and said the loss of the team would be a massive blow to Addleshaw Goddard.
In March corporate managing partner Phillip Goodstone was confirmed as leaving the firm to establish EY’s legal capability in the UK (27 March 2014).
Leeds planning and environment head Amanda Beresford left to join Shulmans earlier this month and real estate finance partner Andrew Besser is to join Olswang next month.