Travers Smith has named a successor to managing partner Chris Carroll, handing the firm’s leadership to head of employment Andrew Lilley.
Carroll (pictured) is to remain at the firm, but is understood to be taking a lengthy sabbatical. Carroll has served three terms, taking over from Alasdair Douglas in January 2001.
Travers Smith does not hold elections but the appointment process is overseen by Douglas in his role as senior partner, who consults with the partnership.
Lilley, who saw off competition from Paris managing partner David Patient and litigation partner Andrew King, will serve an initial term of three years as managing partner.
A number of younger contenders also emerged in recent weeks, with corporate partners Philip Cheveley, Andrew Gillen and private equity head Philip Sanderson also tipped for the post.
Lilley joined the corporate specialist firm in 1995 and became a partner in 1997. He has sat on the management board since 2004.