Ashurst chairman Ben Tidswell re-elected for second term as firm predicts 'outstanding' results
Chairman takes second term after no challengers step forward
June 04, 2018 at 05:28 AM
2 minute read
Ben Tidswell has been re-elected as Ashurst chairman after standing uncontested for the role.
He will start his second term at the helm of the Anglo-Australian firm in November, after no other partners put themselves forward to challenge him ahead of the deadline at the end of May.
Ashurst managing partner Paul Jenkins said: "Over the last five years, Ben has demonstrated exceptional leadership and client skills which have played a critical role in allowing us to capitalise on the many opportunities we have as a firm. We had a very strong year and I am confident that we will achieve some outstanding results in the year ahead."
Tidswell was first appointed as chairman in November 2013, effectively ousting former senior partner – and fellow chairman contender – Charlie Geffen, who subsequently left for Gibson Dunn & Crutcher.
He has overseen some turbulent years at the firm in the wake of its 2013 merger with legacy Australian firm Blake Dawson. The firm had a particularly tough 2015-16, when average profit per equity partner (PEP) crashed by almost 20%, revenue dropped by 10% and the firm saw a regular flow of partner departures.
However, Ashurst saw its financial results improve last year, with PEP rebounding by 11.5% to £672,000, alongside a 7% revenue increase to £541m.
Tidswell said: "It is a privilege to continue to serve the firm in this role. I am excited about the prospects that lie ahead for us and what we can collectively achieve."
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