Tag: leadership

‘People are at the core’: ESG-focused Butterworth named TLT senior partner

TLT has elected a new senior partner, with head of pensions Sasha Butterworth set to assume the role at the beginning of 2023.

Taking over from Andrew Glynn, who has vacated the position after seven years, Butterworth will assume a range of new duties within the firm. These include chairing both the renumeration and promotions committees.

Speaking to Legal Business, Butterworth outlined her priorities going forward: ‘People are at the core of everything we do. One of our initiatives is TLT World, which means that people can work where they want and how they want, as longs as they are meeting client needs. We have some people in the office all the time, some who work completely from home, and some who do a mixture of both. We are completely committed to that model going forward, and I am just looking to continue the great work done by my predecessor Andrew Glynn.

‘We have also started to integrate the new routes to solicitor qualification. We have had our first cohort of legal apprenticeship and graduate legal apprenticeship candidates begin their programmes; my secretary is one of them. I’m sad to lose her, but it shows how great she is! The legal solicitor apprenticeship is now open to external candidates, and the graduate solicitor apprenticeship is only open to internal candidates for the moment.’

Another of Butterworth’s duties will be leading TLT’s responsible business agenda. Earlier this year, the firm had its commitment to reach net zero by 2040, verified by the Science Based Targets initiative. On the subject, she added: ‘Responsible business is another key thing for us. We recently received ISO 14001 certification, which is basically the gold standard for sustainable business. We are also committed to reaching net zero by 2040, which is a really ambitious target.’

In addition to her senior partner responsibilities, Butterworth will continue to act as head of pensions and maintain a practice that includes advising on the pension aspects of outsourcing from the public sector and reducing scheme liabilities with medically underwritten buy-ins.

‘I’ll be focusing on key pensions clients,’ she confirmed. ‘I won’t have the complete caseload I have now, but I will be doing around 50% alongside my new duties as senior partner.’

Charles.avery@legalease.co.uk

This article first appeared on Legal Business

Happy 200th birthday: Ashurst chief Jenkins re-appointed for four-year term

In an emphatic endorsement of five years’ sustained revenue growth, Ashurst global chief executive Paul Jenkins has been reinstated for a further four-year term from 1 November 2022.

Having originally been elected CEO in 2016, Jenkins has successfully guided Ashurst through a tricky post-merger period, with revenues far exceeding expectations. Turnover stuttered in the years immediately following Ashurst’s 2013 merger with Australian firm Blake Dawson, but over the course of Jenkins’ tenure the firm’s revenue has jumped by 40% with an average annual growth rate of over 7%.

In the latest round of financial results in July 2021, Ashurst breached the £1m-profit-per-equity-partner barrier for the first time since the global financial crisis, while revenues received a double-digit boost to reach £711m. 

Just like in 2019, Jenkins’ appointment was based on extensive consultations with the firm’s partnership and staff as conducted by Ashurst’s board – underlining his popular internal support.

Ashurst’s global chair Karen Davies, who was elected in 2021 as successor to Ben Tidswell , said of Jenkins: ‘This significant growth has been achieved through setting a clear vision and direction for the firm and disciplined strategic planning. It has included sharpening the firm’s sector focus, strengthening our capabilities in key markets and focusing on our clients and people. Inclusion, diversity and belonging has been a particular priority, as has advancing our responsible business and sustainability agenda.’

Jenkins said he relished that his appointment will coincide with Ashurst’s 200th anniversary in 2022, before setting out his key priorities: ‘Ashurst, like any other business, will be managing the lasting effects of the pandemic during 2022 and beyond. Continuing to adjust to the societal and economic impact of the pandemic will be key, including prioritising the ongoing health and well-being of our people, and encouraging new ways of working.

‘We are focused on unlocking growth for our clients, and see opportunities across our five priority sectors arising from the significant investment by our clients in sustainability, energy transition, digital transformation and new digital assets. The opportunities for growth point to a future that is very different to the past.’

In terms of strategic highlights from his current term, the firm points to ‘significant investments’ in its new law business Ashurst Advance as well as its consulting arm, Ashurst Consulting. Ashurst claims that the Advance platform has nearly doubled in size each year of Jenkins’ tenure, while Ashurst Consulting has turned over more than £10m in revenue since its 2020 launch.

Since the 2020 financial year, Ashurst has achieved 30% revenue growth in Continental Europe. And in more people-focused achievements, the firm has reached a 30% target of women in senior leadership roles, with 50% on Ashurst’s global executive team and 61% in senior business services roles.

Looking ahead, Jenkins told Legal Business: ‘Generally law firms have had a solid 12 months. I don’t want to speak too soon but common with the market, we are seeing very strong activity over the last nine months. All the signs are positive.’

Tom.baker@legalbusiness.co.uk

This article first appeared on Legal Business.