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Tuesday, October 21, 2008
Law - Jenner & Block "shows 10 partners the door"
Lynne Marek of The National Law Journal has a story that begins:
CHICAGO — Jenner & Block, following in the footsteps of other firms in town, recently notified some partners that they should prepare to leave the firm, according to sources familiar with the layoffs.The Chicago-based firm is asking about 10 partners, both equity and non-equity, to exit with the bulk of those affected currently working out of the firm's biggest office in Chicago, the sources said. No particular practice area is more affected than others. The departures equate to about 6 percent of Jenner's 155 equity partner headcount and 2 percent of the overall 490 lawyer headcount. The firm declined comment.
"In this economy, all well-managed law firms, including Jenner & Block, must assess operations, staffing and expenses on a continuing basis and Jenner & Block is making selected staffing changes to better align our expertise and services with the current and anticipated client needs, just as we have in the past few years," managing partner Susan Levy said in a statement issued by the firm. "In this economy, we have to be particularly vigilant and are taking a hard look at every area of expense."
Posted by Marcia Oddi on October 21, 2008 02:01 PM
Posted to General Law Related