Shearman & Sterling is to abolish the role of managing partner amid a reshuffle of its top management committee as the New York leader hands more power to its local and international offices.
Insiders at the firm have told Legal Week Global that the managing partner role, currently held by Robert Treuhold, is to be dropped following the creation of a New York managing partner earlier this year. In January the firm chose John Madden, the former co-head of M&A and head of Europe, to become Shearman’s first managing partner for New York.
