N Hughes will remain as chief executive of Eversheds until at least 2017, the law firm said yesterday, after he won an uncontested leadership election.
Hughes replaced David Gray as chief executive in 2008, and earlier this year announced a new three-year strategy for the firm, including proposals to move to a Swiss verein structure across its European offices.
Chairman John Heaps said that, despite the challenging economic outlook: “Bryan’s steady hand and keen eye for business has helped the firm to significantly improve its cash position, profitability”.
In June, Eversheds reported a 14 per cent increase in profits per partner to £632,000 for the 2011-2012 financial year. Revenues rose three per cent to £366m.