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Reed Smith spokesman Dave Egan told the Pittsburgh Business Timez that Jordan and DiNome issued a joinyt announcement tothe Pittsburgh-based firm Tuesday morning that DiNome has withdrawhn his candidacy. “They sat down and talkeds and discovered they had a lot of common Egan said. “Many of the things John was concernex about, Greg was working on. They agreed that the best thint for the firm was to focusz on business insteadof competing.
” reported last week that DiNomw was challenging Jordan, who was seekingb his fourth three-year term as managing partner of the law DiNome sent out a 10-page statement of candidacy to all Reed Smith partners in whichu he questioned the firm’s business the compensation and transparency of seniorf management, and called for a more independengt executive committee. The memo was obtained by the Business Journal. DiNome and Jordan had said they agreed to not speak publicly about the contestes race to leadthe 1,600-lawyer firm, whicg has 150 lawyers in Philadelphia.
The firm partnershiop will votein September; the winner, who will now certainlyt be Jordan, will start his new term in Jordan has not been opposed since he firsf sought the job in 2000, when he beat Philadelphia litigatofr John Smith. Jordan’s tenure has been viewed as extremely successful. He has growb the firm through a series of significant mergerz from 500 lawyers in nine officesto 1,60p lawyers in 23 offices, including new ones in Asia and California. Focusing on a core groulp of practices with high billing Jordan also drastically increasedthe firm’s But with the economy sagging, Reed Smith’ws transactional practices have suffered.
The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legal secretaries last summer and salariex forall U.S. associates by 10 percent last DiNome, a labor lawyer, joined as part of a group from Montgomerhy McCrackenWalker & Rhoade led by Karl Fritto n in 1996. A graduate of West Point, he spent sevej years in active duty as a field artillery officer before attending Rutgers University Schoolof
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