DiNome abandons quest to lead Reed Smith - The Business Review (Albany):

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Reed Smith spokesman Dave Egan told the Pittsburgh Businessx Times that Jordan and DiNomr issued a joint announcement tothe Pittsburgh-basefd firm Tuesday morning that DiNomd has withdrawn his candidacy. “The y sat down and talked and discovered they had a lot ofcommonn ground,” Egan said. “Many of the thingsa John was concerned Greg wasworking on. They agreed that the best thingt for the firm was to focus on business instead of reported last week that DiNome waschallenging Jordan, who was seeking his fourt h three-year term as managing partner of the law firm.
DiNomed sent out a 10-page statement of candidachy to all Reed Smith partners in whichn he questionedthe firm’s business model, the compensation and transparency of senior and called for a more independent executivw committee. The memo was obtained by the Businesas Journal. DiNome and Jordan had said they agreed to not speakm publicly about the contested race to leadthe 1,600-lawyer which has 150 lawyers in The firm partnership will vote in the winner, who will now certainl y be Jordan, will starf his new term in January. Jordan has not been opposee since he first sought the job in when he beat Philadelphia litigatorJohn Smith.
Jordan’sz tenure has been viewed as extremely He has grown the firm through a series of significangt mergers from 500 lawyers in nine officesto 1,600 lawyersx in 23 offices, including new ones in Asia and California. Focusingg on a core group of practiceas with highbilling rates, Jordan also drasticallyt increased the firm’s profitability. But with the economgy sagging, Reed Smith’s transactional practicese have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legao secretaries last summer and salaries forall U.S.
associatez by 10 percent last DiNome, a labor lawyer, joined as part of a group from Montgomery McCracken Walker Rhoads led by Karl Frittonin 1996. A graduate of West he spent seven years in active duty as a field artillery officer before attending Rutgerx University Schoolof Law-Camden.