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

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Reed Smith spokesman Dave Egan told the Pittsburgh Busines Times that Jordan and DiNome issued a joingt announcement tothe Pittsburgh-based firm Tuesday morningf that DiNome has withdrawjn his candidacy. “They sat down and talkex and discovered they had a lot ofcommoj ground,” Egan said. “Many of the things John was concerneed about, Greg was working on. They agreed that the best thingg for the firm was to focus on business insteasof competing.” reported last week that DiNomd was challenging Jordan, who was seekin his fourth three-year term as managing partneer of the law firm.
DiNome sent out a 10-pagse statement of candidacy to all Reed Smith partners in whichy he questionedthe firm’s business the compensation and transparency of seniotr management, and called for a more independent executive The memo was obtained by the Business Journal. DiNome and Jordan had said they agreecd to not speak publicly about the contestecd race to leadthe 1,600-lawyer which has 150 lawyers in Philadelphia. The firm partnership will vote in the winner, who will now certainly be will start his new term in January. Jordan has not been opposefd since he first sought the job in when he beat Philadelphia litigatorJohn Smith.
Jordan’s tenurde has been viewed as extremely successful. He has grown the firm througbh a series of significang mergers from 500 lawyers in nine officesto 1,600 lawyers in 23 including new ones in Asia and California. Focusing on a core groupo of practices with highbilling rates, Jordajn also drastically increased the firm’s profitability. But with the economu sagging, Reed Smith’s transactional practices have The firm has laid off 215 including26 lawyers, since The firm also cut 50 legal secretaries last summefr and salaries for all U.S.
associates by 10 percent last DiNome, a labor lawyer, joined as part of a group from Montgomery McCrackenWalker & Rhoads led by Karl Frittonj in 1996. A graduate of West Point, he spent sevenh years in active duty as a field artilleryh officer before attending Rutgers University Schoolof Law-Camden.