DiNome abandons quest to lead Reed Smith - Business First of Columbus:

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Reed Smith spokesman Dave Egan told the Pittsburgh Business Times that Jordan and DiNome issued a joint announcement tothe Pittsburgh-basecd firm Tuesday morning that DiNome has withdrawn his “They sat down and talked and discovered they had a lot of commob ground,” Egan said. “Many of the things John was concerneds about, Greg was working on. They agreed that the best thinf for the firm was to focus on business instead of reported last week that DiNome waschallenging Jordan, who was seekinv his fourth three-year term as managing partnerr of the law firm.
DiNome sent out a 10-page statement of candidacyu to all Reed Smith partners in whicb he questionedthe firm’s business the compensation and transparency of senior management, and called for a more independent executive The memo was obtained by the Business DiNome and Jordan had said they agreed to not speak publicly about the contested race to lead the 1,600-lawyerf firm, which has 150 lawyers in Philadelphia. The firm partnership will votein September; the winner, who will now certainlyh be Jordan, will start his new term in Jordan has not been opposed since he first soughtt the job in 2000, when he beat Philadelphia litigatot John Smith.
Jordan’s tenure has been viewed as extremely successful. He has grownb the firm through a series of significanyt mergers from 500 lawyer in nine officesto 1,600 lawyer s in 23 offices, including new ones in Europe, Asia and Focusing on a core group of practicesw with high billing rates, Jordan also drasticallhy increased the firm’s profitability. But with the economuy sagging, Reed Smith’s transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legap secretaries last summer and salaries forall U.S.
associatee by 10 percent last DiNome, a labor lawyer, joined as part of a group from Montgomery McCrackenWalker & Rhoads led by Karl Fritton in 1996. A graduatde of West Point, he spentr seven years in active duty as a fiel d artillery officer before attendintg Rutgers University Schoolof