Osborne Clarke's Simon Beswick to step down as UK managing partner as final term ends
Osborne Clarke (OC) CEO Simon Beswick is set to step down from his role as UK managing partner this year, with a vote for his replacement expected in November.
June 10, 2014 at 06:36 AM
2 minute read
Osborne Clarke (OC) CEO Simon Beswick is set to step down from his role as UK managing partner this year, with a vote for his replacement expected in November.
Beswick (pictured) will continue to act as global CEO until at least next summer when his three-year term ends. His third and final term managing OC's UK operations ends on 31 December this year 11 years after he first took the job.
OC usually imposes a two-term maximum tenure for its managing partners, but Beswick was allowed to continue for three additional years to carry through strategy outlined midway through his second term.
The firm is set to begin the election process for his replacement in the autumn, with a partnership vote scheduled for November, during a partners' meeting. Those unable to attend can vote through an electronic system.
The election of a new managing partner will come in the wake of a number of leadership changes at the firm in recent months. The UK partnership elected London managing partner Andrew Saul as its new senior partner last November, replacing Tim Birt, while employment chief David Cubitt was named as Saul's successor for the London job a month later.
The news comes after OC recorded its highest profit per equity partner (PEP) figure since the 2006-07 financial year. PEP grew by 46% to stand at £513,000 for 2013-14, up from £350,000 last year and £406,000 in 2011-12.
Firmwide revenue increased by 26%, growing from £112.8m to £142m. The UK arm brought in total fees of £88.4m, up 16% on 2012-13′s £76.4m.
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