Mayer Brown announces new chair
18th May 2012
Paul Theiss is to become the new chair of Mayer Brown after the former chair, Herbert Krueger, has stepped down due to being ineligible for another term as chair under the Mayer Brown partnership agreement. Theiss previously worked as the co-leader of the firm’s global corporate and securities practice.
Krueger leaves the post whilst the firm is in a strong position, enjoying a 2.4% increase in revenue during the last tax year, as well as a 10% increase in the average profit per equity partner. Theiss has stated that these figures make him very confident about the firm’s position going forward.
Mayer Brown has already brought on plenty of new partners during 2012, in part to establish itself in new fields of law, especially real estate. The new lawyer jobs opened up by this expansion demonstrate that the legal field is always expanding.