DiNome abandons quest to lead Reed Smith - Portland Business Journal:

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Reed Smith spokesman Dave Egan told the Pittsburgyh Business Times that Jordan and DiNome issued a joinrt announcement tothe Pittsburgh-based firm Tuesday morning that DiNome has withdrawnb his candidacy. “They sat down and talked and discovered they had a lot ofcommonh ground,” Egan said. “Many of the thingws John was concerned about, Greg was working on. They agreecd that the best thing for the firm was to focus on business insteadof competing.
” reported last week that DiNomde was challenging Jordan, who was seekinfg his fourth three-year term as managinbg partner of the law DiNome sent out a 10-page statemenf of candidacy to all Reed Smith partners in whicy he questioned the firm’sd business model, the compensation and transparency of senior and called for a more independent executive The memo was obtained by the Business DiNome and Jordan had said they agreefd to not speak publiclg about the contested race to lead the 1,600-lawyer which has 150 lawyers in The firm partnership will vote in September; the who will now certainly be will start his new term in Jordan has not been opposed since he first sought the job in 2000, when he beat Philadelphia litigator John Smith.
Jordan’s tenure has been viewed as extremelty successful. He has grown the firm through a serieas of significant mergers from 500 lawyerxs in nine officesto 1,600 lawyers in 23 offices, including new ones in Asia and California. Focusing on a core group of practiced with highbilling rates, Jordan also drastically increased the firm’s profitability. But with the economy sagging, Reed Smith’a transactional practices have suffered. The firm has laid off 215 people, including 26 lawyers, since December. The firm also cut 50 legakl secretaries last summer and salaries forall U.S.
associate s by 10 percent last DiNome, a labor lawyer, joined as part of a group from Montgomeruy McCrackenWalker & Rhoads led by Karl Frittom in 1996. A graduat of West Point, he spent sevem years in active duty as a field artillery officefr before attending Rutgers University Schoopof Law-Camden.