Looks like
Pennie & Edmonds is about to be swept into the vortex that is Jones Day. Not too surprising - Pennie has looked at several firms recently. Why it's held off from Jones Day can only be due to partner arrogance and feeling that it wants to be an equal with, not a step-child to, a bigger firm. But get real - partners and associates have been bleeding out of Pennie for the past couple years, including many of the very high-profile, big-book partners. They have some talented lawyers there still, but the current partners need to rub off their soft-lensed glasses and see their own wrinkles. Joining up with a firm like Jones Day may be one of the only ways they can sort of keep their teams together (the ones that haven't been decimated, at least).
C(mmm.... caffeine)deuced
