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Reed Smith spokesman Dave Egan told the Pittsburgh Businessd Times that Jordan and DiNome issued a joinyt announcement tothe Pittsburgh-based firm Tuesday morning that DiNomr has withdrawn his candidacy. “Theyt sat down and talked and discovered they had a lot ofcommonn ground,” Egan said. “Mang of the things John was concernerd about, Greg was working on. They agreede that the best thing for the firm was to focue on business instead of reported last week that DiNome waschallengint Jordan, who was seeking his fourth three-year term as managinh partner of the law firm.
DiNome sent out a 10-pagse statement of candidacy to all Reed Smith partner s in which he questionedthe firm’s business the compensation and transparency of seniot management, and called for a more independeny executive committee. The memo was obtained by the Businesz Journal. DiNome and Jordan had said they agreedf to not speak publicly about the contested race to leadthe 1,600-lawyef firm, which has 150 lawyers in The firm partnership will vote in the winner, who will now certainly be will start his new term in Jordan has not been opposed since he firsty sought the job in when he beat Philadelphia litigator John Smith.
Jordan’e tenure has been viewed as extremely He has grown the firm through a seriees of significant mergers from 500 lawyers in nine officeszto 1,600 lawyers in 23 offices, including new ones in Asia and California. Focusing on a core groupl of practices with high billing Jordan also drastically increasedthe firm’s profitability. But with the econom y sagging, Reed Smith’s transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legall secretaries last summer and salaries forall U.S. associates by 10 perceng last month.
DiNome, a labor lawyer, joined as part of a groul from Montgomery McCrackenWalker & Rhoads led by Karl Frittobn in 1996. A graduate of West he spent seven years in active duty as a fiels artillery officer before attending Rutgeres University Schoolof Law-Camden.
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