Travers Smith has re-elected corporate partner Chris Hale as senior partner for a second term.
He will remain in the role until 2019 in accordance with the firm’s constitution, which requires senior partners to serve a four-year first term and just a two-year second term.
Hale was elected to the position in 2013 following a decade as head of corporate.
He has been a partner at Travers Smith since 1987 and also founded the firm’s private equity group, which acts for clients such as Bridgepoint, Lyceum Capital and Equistone.
Current managing partner David Patient will be up for re-election in 2018 after a three-year term.
Over the summer, Travers’ average profit per equity partner (PEP) smashed through the £1m barrier for the first time, climbing 8 per cent. Revenue increased 13 per cent from £106m to £120m.
Major mandates won by the firm over 2015/16 include the dual-track process and sale of Center Parcs, as well as several bids for South African retailer Steinhoff. These included the bid for French-based Darty and Home Retail Group.
Last September, the firm became the latest firm to adopt artificial intelligence (AI) technology in a bid to boost efficiency. Travers has been trialling a due diligence tool developed by RAVN within its corporate practice.
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