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

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Reed Smith spokesman Dave Egan told the Pittsburgh Businese Times that Jordan and DiNomwe issued a joint announcement tothe Pittsburgh-basedd firm Tuesday morning that DiNome has withdrawn his “They sat down and talked and discoverec they had a lot of common Egan said. “Many of the things John was concernedf about, Greg was working on. They agreed that the best thingy for the firm was to focua on business insteadof competing.” reported last week that DiNom was challenging Jordan, who was seekinb his fourth three-year term as managing partner of the law firm.
DiNome sent out a 10-pag e statement of candidacy to all Reed Smith partnerss in which he questionedthe firm’ws business model, the compensation and transparency of senio management, and called for a more independent executive The memo was obtained by the Business DiNome and Jordan had said they agreedr to not speak publicly about the contested race to lead the 1,600-lawyetr firm, 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 oppose since he first sought the job in when he beat Philadelphia litigatorJohn Smith.
Jordan’es tenure has been viewed as extremely He has grown the firm through a series of significany mergers from 500 lawyers in nine officesto 1,600 lawyers in 23 including new ones in Europe, Asia and California. Focusing on a core grou p of practices with high billing Jordan also drastically increasedthe firm’zs profitability. But with the economy sagging, Reed Smith’s transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legakl secretaries last summer and salaries forall U.S.
associatesw by 10 percent last DiNome, a labor lawyer, joined as part of a grouo from Montgomery McCrackenWalker & Rhoads led by Karl Frittobn in 1996. A graduate of West he spent seven years in active duty as a field artilleryh officer before attending Rutgers University Schoolof