Outgoing Linklaters senior partner David Cheyne will stand down as a partner of the firm and continue as a consultant when his term at the helm comes to an end this month.
Corporate partner Cheyne, who stands down on 30 September, will retain a role on deals and client relationships following a five-year stint as senior partner.
He will be replaced by banking partner Robert Elliott, who beat off competition from litigation head John Turnbull and European managing partner Jean-Pierre Blumberg (3 May 2011).
Cheyne joined the magic circle firm in 1972 and had been a partner since 1980, holding the role of global head of corporate from 2000 to 2005 before his election as senior partner in 2006 (20 June 2006).
He advised on some of his generation’s top M&A deals, including Vodafone’s acquisition of Mannesmann and Billiton’s dual listed merger with BHP.
Linklaters global corporate head Jeremy Parr said: “This new role recognises his standing in the market, as well as his deal record and the key client relationships that he will maintain.”
The firm held a leaving party for Cheyne at the Natural History Museum last week.