Beddow (pictured) joined the Ashurst partnership in 1998. He was appointed managing partner in Germany in 2005 and held that role for four years, returning to London in 2009. The following year he was appointed managing partner of the firm’s corporate practice in Europe.
Beddow replaces former co-head and London partner Stephen Lloyd, who left Ashurst in November.
“This is an exciting time for the firm and a very busy time for the CCC division,” said Beddow. “We have had a strong year, have a very good pipeline of work and we are undoubtedly benefitting considerably from the notable increase in capital markets work.”
Beddow is experienced in all aspects of UK and international corporate finance, as well as public and private M&A transactions, IPOs and private equity transactions.
James Collis, the firm’s managing partner, commented: “Our CCC division is performing very strongly and Simon and Phil will make an exceptionally strong management team.
“They will both play a critical role in the continued success of the division and the firm as a whole.”
The news follows a number of management changes at Ashurst since it got the green light for full financial integration in September. Litigation partner Ben Tidswell stepped into the firm’s newly-established chairman role and Sydney-based partner Mary Padbury was elected the firm’s vice chair position in October.
The rest of the firm’s new global management board was elected in November and included three Australia-based partners.
Last week (3 December) Ashurst recorded a 5.8 per cent increase in global revenue to $501 million from 1 May 2013 to 31 October 2013, compared to $473 million for the same period last year.