Ms Reid officially stepped down at the end of October, with KWM Australia COO Tim Finlayson succeeding her on an interim basis. She was a core member of the team that led the merger negotiations between SJ Berwin and King & Wood Mallesons in 2013, and will join Taylor Wessing in early February after five years at the firm.
Elections and a review
It emerged last Friday that KWM will hold managing partner elections for Europe to find a successor to Mr Boss, who will officially step down from his role at the end of April. The firm has also launched a review of its capital structure, in a bid to ease cash flow, halt repeated delays to profit distribution and stem what is becoming a flow of exits by ‘frustrated’ partners. The review could see UK partners asked to make larger contributions to the firm in return for more units in the LLP. Sources: Legal Business; The Lawyer
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