Olswang CEO David Stewart in shock resignation

A year and a half ago David Stewart was re-elected as Olswang chief executive, a term that was supposed to last three years. But halfway through that term, Stewart has suddenly resigned.

It is clear that this has taken a lot of people by surprise internally. Stewart has been temporarily replaced by Michael Burdon, the firm’s European patent litigation head. There is no timetable yet set for the election of Stewart’s successor.

Those elections will have to happen swiftly, since Burdon is insisting on continuing with his client work in the interim.

Meanwhile, it is not clear at the time of writing whether Stewart has resigned from the partnership. Senior partner Mark Devereux told us that Stewart has “not yet decided” what his direction will be.

The news from Olswang is so unusual that it’s pushed the collapse of a law firm off the top spot on TheLawyer.com.

After seven years of plummeting turnover, Tods Murray finally accepted the inevitable and called in the administrators on Friday night.

Luckily for the bulk of its staff, joint administrators Thomas MacLennan and Iain Fraser of FRP Advisory were able to organise a pre-packed deal that saw Shepherd & Wedderburn acquire the firm in its entirety.

Also on TheLawyer.com:

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  • Our special report on litigation and arbitration ponders whether London is a victim of its own success
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