For the first time in a collective 24 years, Barton J. Winokur and Arthur Makadon could wake up this morning without having to worry about what office to open next or what practice area needs to be supplemented. Today they are simply a corporate partner and a litigator, respectively, both having officially handed over leadership roles at the helms of their firms effective July 1.

After 15 years as chairman and chief executive officer at Dechert, Winokur passed the torch to Philadelphia-based partner G. Daniel O’Donnell, who will serve as CEO, and New York-based Andrew J. Levander, who will serve as chairman. Makadon, who has been Ballard Spahr’s chairman since 2002, turned over the reins to former strategic planning partner Mark Stewart.