Slaughter and May executive partner Graham White is set to retire next year, with the news coming as the City firm announces that its top management team has been re-appointed for a further three years.
White will retire from the partnership on 30 April, the firm confirmed, with an election for his replacement planned for early next year, in time for the successor to be involved in the spring 2013 salary review and allowing a smooth handover.
The firm has given senior partner Chris Saul and practice partner Paul Olney another three years following a consultation with partners, although there was no election. The duo will serve until 30 April 2016.
A practice group head election will take place early next year if the firm chooses a practice head as White’s successor, but this is thought to be unlikely.
Slaughters has operated a flexible policy of extending the senior team’s terms for a while, with Saul’s predecessor Tim Clark given an extra three years and his precessor Giles Henderson an additional two on top of the standard five.
All three positions of senior partner, practice partner and executive partner are elected, although Olney’s appointment in 2008 was the first time Slaughters partners had voted for the practice partner role (31 March 2008).