Former Linklaters managing partner Tony Angel is set to join DLA Piper as senior partner in one of the most sensational lateral hires in the legal market.
Angel, who is thought to have been offered a remuneration package worth £2m a year, will begin at DLA Piper on Monday 7 November following a two-week voting period.
Current senior partner Janet Legrand will move sideways, retaining her position on the board.
The move will consolidate joint CEO Sir Nigel Knowles’ ongoing project to transform the firm he has led since 1996. It is understood that the firm is aiming to double in size in three years. In the last financial year DLA Piper’s international LLP, which excludes its US operations, recorded a turnover of £604.9m.
Senior management partners rarely move firms after leaving from the one they have led; the last high-profile management move was Tony Williams, who had been managing partner of Clifford Chance before moving to run the now-defunct Andersen Legal in 2000 (10 January 2000).
Earlier this year Angel, who retired from Linklaters in 2007, returned to the law with a role as a non-executive director at SJ Berwin (11 March 2011). It is understood that he has resigned from that position.
Earlier this year DLA Piper rejigged its senior management, forming an executive team comprising Knowles, chief financial officer Paul Edwards and four managing directors – Andrew Darwin, David Bradley, Alastair Da Costa and Ulrich Jungst – who report to Knowles.
Last week the firm unveiled plans to move to an all-equity partnership model in the international side of its business (20 October 2011).
DLA Piper declined to comment.