Newest Promotions: World 100 gamers are taking a blended strategy to New Years Partnership Rounds as range is excessive on the agenda
The New Year has started with a number of big 100 global companies unveiling their latest Affiliate Funding rounds – with the city and gender diversity receiving different attention.
Norton Rose Fulbright announced a round of 47 new partners yesterday (January 6th), eight of them in London. While the total has decreased slightly from the 53 announced a year ago, it has just surpassed the 2019 cohort of 46. In particular, 25 of the new partners are women – 53% of the total.
Gerry Pecht, Global Chief Executive stated, “These attorneys operate in 22 offices in 11 countries on six continents and reflect the truly global nature of Norton Rose Fulbright and its wide range of clients. Most importantly, our firm’s continued focus on diversity and inclusion is showing positive results, with more than half of our promotions being female lawyers. ‘
Funded in London are: Will Alete (finance); Zayed Al Jamil (intellectual property); Julia Lloyd (tax); Sarah Lucey (Risk Advisory / Compliance); Katie McDougall (disputes); Andrew Reeves (disputes); Kirstin Russell (finance); and Andrew Williams (finance).
NRF’s large cohort is close to that of Jones Day, who announced 50 new partners before Christmas (24 of whom are women) – but only two in London. Private equity specialist Laura Pembridge and real estate attorney John Crowley joined the partnership on January 1st.
Elsewhere, Hogan Lovells has formed 25 partners around the world, with US promotions growing to more than 56% (14 total), while five were based in London. The total number of promotions is down from 29 last year, and 44% of the total cohort are women, close to 45% last year. There were no promotions in Asia, the Middle East, Latin America or Africa.
The London promotions are: Florian Agnel (Infrastructure, Energy and Projects); Francis Booth (banking); Oliver Humphrey (litigation); Julia Marlow (regulator); and Yasmin Waljee, the company’s international pro bono director.
The company also said 16% of its new partners are from ethnic minorities, while 5% are LGBT +. CEO Miguel Zaldivar said: “Fulfilling our diversity and inclusion commitments is a strategic priority for the company, so I am particularly pleased that 16% of our new partners are racial and ethnic minorities.”
Reed Smith has now promoted 31 new partners this week, nine of them to his London office. The 2021 cohort increased slightly from the reduced round of 29 in 2020, but just before the 2019 bumper round when 43 lawyers became partners. Of the 31 new partners, 42% are women and, according to the company, 22% of the class is diverse.
The London promotions are: Chris Beaumont-McQuillan (corporate real estate); Nick Breen (entertainment and media); Frances Furness (Energy & Natural Resources); Simon Greer (disputes); Adam Hedley (Environment and Regulation); Andrzej Janiszewski (finance); Thor Maalouf (transport); Stephen Mooney (company); and Jody Wood (transport).
Morrison & Foerster, on the other hand, has cut its promotions in half to just nine worldwide for 2021, after announcing 18 new partners a year ago. Only three of these new partners are based outside the US, including white-collar crime specialist Saqib Alam, who splits his time between London and Singapore.
Finally, LB100 company Withers has found 12 new partners around the world after not winning any last year. Half of the promotions were held at the London headquarters and include five women. These are: Sinead Harris (disputes); Mara Monte (private customer); Natasha Oakshett (Private customer); Adele Pledger (family); Natasha Stourton (Disputes of trust); and Ben Williams (IP).