11:10, November 16 70 0

2017-11-16 11:10:08
King & Spalding re-elects Hays for fifth term as chair

King & Spalding has re-elected incumbent chair Robert Hays to fill his current role for a further three years.

Hays has been at the helm of the firm since 2006, and under his leadership the firm broke the $1bn revenue barrier for the first time.

However, the firm’s latest results in London show a drop of 8 per cent in revenue to $43m, following a decline in lawyer headcount from 53 to 47.This also meant revenue per lawyer in London rose 3 per cent from $877.4m to $906.4m.

In its last promotions round, the firm made up one lawyer to partner in the office, with Ilan Kotkis joining the corporate partnership.

This year, the firm expanded in the US with an office opening in Chicago, following the hire of litigator Zachary Fardon; the first office launch since Tokyo in 2015. The firm also hired Cadwalader Wickersham & Taft’s former chair Jim Woolery to become its M&A head.

“We have enjoyed strong growth and success thanks to the dedication and drive of our passionate team of lawyers and staff,” Hays said in a statement.

“One of our core qualities is our belief that we can do better, so I’m excited by the chance to continue working with everyone across the firm to help us evolve even further.”