Shepherd and Wedderburn announced the appointment of its new Chief Executive, Stephen Gibb, who was recently unanimously voted in by the firm’s Partners. Stephen will succeed Patrick Andrews on 1 May 2012 when Patrick completes his second term.
Chairman James Will said: “I’m delighted to announce the Partners’ appointment of Stephen Gibb as Shepherd and Wedderburn’s new Chief Executive. Having served as Patrick’s deputy for the past three years, Stephen is well-placed to take on this role as the firm continues to grow its operations in the UK and overseas. Stephen’s enthusiasm, drive and experience make him the right person for this job. I look forward to working with him and supporting the continued success of firm.
Stephen Gibb said: “I am very excited about my new role within the firm. It’s been great working with Patrick over the past three years and, through his guidance, I now feel well prepared to take on the challenges that lie ahead. In the current economic climate there’s definitely a flight to quality in the market. With our strong specialist expertise and focus on three key sectors - Energy and Natural Resources, Financial Services and Real Estate and Infrastructure, we’re confident we’ll continue both to grow our operations at all levels and to increase our market share.”
In June 2011 Shepherd and Wedderburn reported their annual results which saw a six per cent rise in turnover to £37.3 million and 16 per cent rise in profits, rising to £16 million.
Gibb said: “This was achieved through our strategy of focusing on blue chip and other quality clients in the UK and global markets. We are one of the UK’s leading legal firms amongst blue chip and listed companies.
“The economic outlook remains uncertain in the year ahead where we are retaining real focus on clients and their needs. We remain focused on our three key sectors with existing and new clients and over last eight months we’ve seen significant growth in those areas.”