Leadership for our new strategy
Leading the implementation of our new strategy is Hugh Verrier, who was reelected to his third four-year term as Chairman, along with the other members of our Executive Committee—Donald Baker, Oliver Brettle and David Koschik—who took up their roles on September 1, 2015.
This is an exciting time at White & Case as we implement our new five-year strategy—growing profitably, engaging our people and strengthening client relationships. We are focused on growing our offices in London and New York, the world's two most important financial centers, and growing three key practices and four market sectors. We are striving to ensure each office is a great place to work and to attract and keep the best people—those who share our values, want the opportunities of working at a global law firm and reflect the world around us. And we are strengthening our global client relationships, organizing the Firm around global businesses in a way that allows us to deliver world-class service to them.
Strengthening global client relationships as we grow is a key pillar of our new strategy. To do so, we must collectively and consistently deliver great service to our clients. This requires deep coordination by lead partners and lawyer teams as well as a high level of Firm-wide organization centered on clients who operate around the world, giving us the opportunity to work with them across our global network. We have created a Clients and Industries Team to drive our emphasis on these clients and their work in the priority areas we have identified. We listen carefully to our clients—in the last two years, we conducted more than 170 interviews with them—and are acting upon their feedback.
With dual strength in London and New York, we want to grow these key offices to increase our competitive edge over other major global law firms. The importance of English law in cross-border business is another reason to focus our efforts on our London office in particular. We aim to have at least 500 lawyers in each office by 2020. We have created New York and London growth teams to focus on targeted lateral partner recruiting and increasing internal promotions. As part of this effort, we are bringing on larger classes of associates and continuing our commitment to diversity, a core value of our Firm.
Looking to the future, it's clear that we and our clients will benefit most from our continuing targeted growth in the world's financial and business centers, New York and London. This will strengthen the foundation of the Firm. Looking at industries, we are focusing on financial institutions, private equity, technology and oil & gas. These industries are all inherently global, expected to grow and generate the complex cross-border legal work for which we are best suited. Finally, we are focusing on growth in our M&A, Capital Markets and Disputes practices—practices at the core of White & Case and important to our clients in the four global industries we are targeting.