Addleshaw Goddard has created one new management position and scrapped another as part of a new five-year strategy outlined this week.

Richard Goodfellow, the firm's head of energy and utilities will take up the newly created position of sectors head in addition to his current role.

He will be charged will overseeing the firm's eight sectors: financial services; retail and consumer; real estate; industrials; energy and utilities; transport; and digital and health. Each group has been asked to come up with a two-page business plan, outlining target clients and investment priorities.

The firm wants to increase the proportion of revenue that it generates from its largest 50 clients to meet its vision of being an "elite" City presence by 2019.

In addition to the new appointment, international divisional managing partner Andrew Carpenter has  stepped down from his role, which is being phased out in light of duplication with Carpenter's responsibilities and those of the firm's regional heads for Asia and the Gulf.

The firm said scrapping the role was part of a  move to devolve power to its regional teams. The firm launched five new Asian and Middle East bases between May 2012 and May 2013.