Field Fisher Waterhouse partnership votes in new governance framework
19 January 2012
Field Fisher Waterhouse LLP announces
today that the firm's partnership has voted in a new governance
framework that will modernise and streamline the management of the
firm.
The new structure, to be implemented in the
new financial year, will see the firm run by an Executive Committee
appointed by the Managing Partner and overseen by an elected
Supervisory Board acting on behalf of the partnership. This
replaces the existing structure of a single board comprising
representatives from each practice area and a number of separate
committees governing areas such as finance and business
development.
The firm began the review of its constitution
in March last year and following consultation with the partnership,
voted in the changes on 12 January. The new structure
reflects the needs of a firm that has seen a 56% rise in
turnover over the last five years has almost doubled partner
numbers with seven offices across Europe. The announcement
follows the appointment of Managing Partner, Matthew Lohn in October last year and COO,
Charlie Keeling in
November.
Matthew Lohn, Managing Partner at Field Fisher
Waterhouse said: "The firm has changed a great deal in recent
years, growing considerably and opening up offices outside the
UK. We recognised the need to modernise our structure to
ensure efficient, transparent and effective management whilst
ensuring the partnership retains control and oversight of the
firm. We are now in the process of implementing the changes
which put the firm in good shape for continued growth and expansion
in our core areas."
The Executive Committee, led by the Managing
Partner will comprise both partners and business services heads
appointed by the Managing Partner. The Committee will be
responsible for implementing the strategy, managing the firm and
co-ordinating the activity of offices, practice areas and business
service functions.
The Supervisory Board will have a rotational
membership of four partners taking three year terms. Members will
be voted for by the partnership and will be responsible for
supervising and holding management to account, act as a sounding
board for management and feed into the Executive Board on behalf of
the partners. One of the members will be elected as Chairman
by the Supervisory Board, a role that will replace the firm's
existing Senior Partner position.
For further information, please contact:
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on 020 7861 4120