'I want to draw a line under that' – Ashurst's new managing partner on turning the firm around

Paul Jenkins on devolving power to partners and the accountability that will come with this as the firm bids to boost its profitability after a difficult year

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Paul Jenkins is under no illusion about the difficult task ahead of him as managing partner of Ashurst. He acknowledges that the international firm had a very tough 2015-16, with average profit per equity partner crashing by almost 20%, revenue dropping by 10% and a regular flow of partner departures.

“We did have a tough year and I was disappointed with the results. It’s now very much about me getting out there and bringing partners along with me to improve the firm’s position. It’s very much about improving our profitability,” he says.

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