Midway through last year, after deciding it was time to make some changes, the leaders at 175-year-old Kelley Drye & Warren brought in outside consultants to guide them through a comprehensive review of the firm’s operations.

The result: a transition at the top, with litigator John Callagy (left), the New York-based firm’s first-ever chairman, stepping aside after 20 years in the job to make way for broker-dealer partner Paul McCurdy (below, right), who joined Kelley Drye in 1987 and has served on its executive committee since 2006.

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