Hall takes leave of absence from Whitney Group

He said his decision to take time out was a personal one. But it also reflects the current state of the markets.

Hall said: "There is not a huge amount going on at the moment, and nor is there likely to be before the end of the year. The firm and the clients have been great in their response to my taking some time out, and this is a good time to do it."

In his absence, beginning later in the year, Neil Wyman will be the key contact for the legal sector at the Whitney Group in London.

Hall plans to come back to his position at the beginning of the New Year. Simon Hall, the new managing partner in London, said there was "nothing sinister" in his decision." He said the legal practice had been busy, considering the markets