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Thread: Jenkens Scoop
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Old 02-04-2006, 11:53 PM   #5
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As indictments become more likely

People inside have been told to expect more press about the situation. There are several inside who have expressed real fear that indictments will not be limited to three in Chicago office, but that others will get the call that they fear. There is also a very real concern that old J&G will get the Arthur Anderson treatment on this matter. The comment from one person inside was "that they didn't go after KPMG because they didn't want it to be a big three doing accounting, but to them what is another law firm more or less, especially one that is going down anyway."


http://www.nytimes.com/2006/02/04/bu...04shelter.html


I do love this quote from the NY times article though:

"David M. Laney, who was chairman and chief executive of Jenkens & Gilchrist when Mr. Daugerdas was hired, told Texas Lawyer magazine that year that the tax group "ran away from me."

"You had a board that became so enamored and devoured by revenue targets that it eroded a law firm culture," he was quoted as saying."
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