Crawford added that a change in leadership will present a fresh perspective for the firm, in line with a range of future opportunities - including the tighter integration with global law firm, DLA Piper.

"The firm has a very clear view of where it wants to be when the economic recovery is well underway and my successor will have a great platform to realize these opportunities when I step down from the role," he said.

The firm said the process of selecting Crawford's successor will commence shortly.

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Meanwhile Crawford is considering his future options, and said he may consider another leadership position in a different organisation.