10:50, April 11 119 0

2018-04-11 10:50:06
Shearman City head Buckworth to stand down after seven years

Shearman & Sterling has reshuffled its London leadership, selecting new office managing partner Matthew Readings who will take over from Nick Buckworth.

Buckworth will step down as managing partner after seven years, during which time Shearman’s global revenue rose to nearly $1bn in 2017.

He will continue in his role as global head of finance.

Readings’ appointment comes after globalmanaging partner David Beveridge was appointed as senior partner of the firm at the end of February, alongside the selection of two new managing partners; global head of M&A George Casey and global head of litigation Adam Hakki.

Readings states that Beveridge’s appointment triggered a series of rotations within the firm.

At the end of 2017, Shearman & Sterling announced one of its largest ever promotions round, making up a total of 16 partners worldwide, however it lost two partners to Millbank Tweed Hadley & McCloy at the beginning of the year.