Talk about a reshuffle in the Clifford Chance management suite.
Heading the executive committee in 2014 will be corporate head Matthew Layton who has been elected to replace David Childs as managing partner.
It’s the culmination of a month of changes at Clifford Chance. David Bickerton was re-elected to London managing partner position uncontested (what, no-one wanted the job?) but there are two new management new bugs. Chris Davies was elected to succeed David Harkness as global tax, pensions and employment (TPE) head and Simon Sinclair as new London capital markets head succeeding partner Andrew Forryan.
Layton had been firm favourite to win the top job to replace Childs, since his leadership of the corporate group is seen as having paid dividends for Clifford Chance’s bottom line.
If Layton was the known known, then Andrew Carnegie – the real estate finance partner whose manifesto was based on change – was the known unknown. In the end the partners opted for heir apparent.
Still, there’s a known unknown ahead. Who will replace Layton as corporate head? Let the hustings begin.
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