Ashurst’s board has reappointed managing partner Simon Bromwich for a second three-year term, meaning he will remain in the role until January 2010. Under Bromwich’s leadership, the firm has seen a strong increase in average profits per equity partner, with a 23% rise to £701,000 last year, but turnover has risen by less than 10% in each of the past two years.

Reported on legalweek.com (12 October).