Jenkens Scoop

[i812]

rumor is that firm may dissolve by the end of the year.

Originally posted by i812
rumor is that firm may dissolve by the end of the year.

Nice avatar. Are you an incognito regular or a newbie? If a newbie - welcome!

And btw, where is your rumor from - if you don't mind?

-TL

Originally posted by i812
rumor is that firm may dissolve by the end of the year.

doubtful that it would dissolve, but my guess is well under 350 lawyers total. big push that managment makes is per partner profit but with so few partners left that becomes a lot easier. won't matter due to size contraction J&G probably will fall out of Amlaw 100 anyway so per partner profit will be a worthless stat, especially as distributions are ver y much uneven across the shareholder ranks. their may be a deal with some people in managment as to comp being based upon the per partner figure, but my guess is revolt may occur sooner than end of year if tide of people leaving does not end soon.

[i812]

If j&g falls out of amlaw 100, there will be a major revolt.

it would become a 2nd or 3rd tier firm.

i would expect major defections by the end of the year.

feel sorry for any summer associates working there.

Originally posted by i812
If j&g falls out of amlaw 100, there will be a major revolt.

it would become a 2nd or 3rd tier firm.

i would expect major defections by the end of the year.

feel sorry for any summer associates working there.

using amlaw 2002 numbers J&G had 589 lawyers and 312Mill. count is now about 400 and dropping rapidly. at 400 and same per lawyer numbers would be at about 220 M which would drop them from 50th place to 74 th or 75 th on list. At 350 using same per lawyer number it would be 185 M or 85th place on 2002 list. probably will hold on list through 2003 and possibly be close to fall of in 2004 absent some way to stop hemorage of lawyers. BTW another IP person is out door to Paton Boggs this week.

There have been several cryptic messages on the other board referring to an "incident" at a recruiting function in which the J&G board chair made a jackass of himself. Details are woefully lacking. Can anyone confirm, fill in the blanks and, if true, the fallout?

Another message referred to a "soon to be published" story about J&G in the Texas Lawyer. Any advance on this?

Originally posted by Regional Anon
There have been several cryptic messages on the other board referring to an "incident" at a recruiting function in which the J&G board chair made a jackass of himself. Details are woefully lacking. Can anyone confirm, fill in the blanks and, if true, the fallout?

Another message referred to a "soon to be published" story about J&G in the Texas Lawyer. Any advance on this?

Story in this Texas Lawyer is about several of the Dallas IP people who left (small story). There may be another story coming as that story just made press date and there was allegedly a long interview with some of the departing lawyers.

J&G board chair supposedly showed at summer associate recruiting function "three sheets to wind" and made inappropriate comment/suggestion to wife/fiance/girlfriend (unclear rumor mill here) of summer associate before several GA's tried to get him to leave(confirmed this portion). Alleged that he got belligerent to GA's at that point, but finally left.

...
J&G board chair supposedly showed at summer associate recruiting function "three sheets to wind" and made inappropriate comment/suggestion to wife/fiance/girlfriend (unclear rumor mill here) of summer associate before several GA's tried to get him to leave(confirmed this portion). Alleged that he got belligerent to GA's at that point, but finally left.

Hey he supposedly apologized, so I guess if you run the place that is enough. Or maybe it is enough if you pack the board, the electoral committee and operating committee with your friends, who won't say no to you, especially if he has set up a bogus Tier system so he can reward friends and punish any rivals.

Regional Anon wrote: "Or maybe it is enough if you pack the board, the electoral committee and operating committee with your friends, who won't say no to you, especially if he has set up a bogus Tier system so he can reward friends and punish any rivals."


How could the new chairman pull off something like what is described in the above post while Laney, who I thought was very well liked, was running the ship. The firm must have a flimsy power structure that is subject to quick changes.

Originally posted by Billy
Regional Anon wrote: "Or maybe it is enough if you pack the board, the electoral committee and operating committee with your friends, who won't say no to you, especially if he has set up a bogus Tier system so he can reward friends and punish any rivals."


How could the new chairman pull off something like what is described in the above post while Laney, who I thought was very well liked, was running the ship. The firm must have a flimsy power structure that is subject to quick changes.

Never underestimate the power of the purse strings for gaining support especially if you are willing to shaft those not your friends and reward those that are.

along with a support staff member. Will the last one out of Dallas IP please turn off the lights!

[evenodds]

Originally posted by guest
along with a support staff member. Will the last one out of Dallas IP please turn off the lights!

Are they all reconsituting somewhere else in the metroplex?

An IP associate leaving a big law firm is not ground-breaking news. IP associates, like all associates, are a fungible commodity. My understanding is that the guys with the big books of business in the IP section are still there.

By the way, will someone please change the topic of this thread to correct the spelling of "Jenkens" (not "Jenkins").

Originally posted by Regional Anon
An IP associate leaving a big law firm is not ground-breaking news. IP associates, like all associates, are a fungible commodity. My understanding is that the guys with the big books of business in the IP section are still there.

By the way, will someone please change the topic of this thread to correct the spelling of "Jenkens" (not "Jenkins").

I guess you have been drinking what Bill was. The big books are gone. The Practice group leader left for F&R with another equity. A big time of counsel left for McKool, another former PGL left for Patton Boggs. Before the end of last year another equity left for F&R as well. 4 equities and a heavyweight of counsel leaving is ground-breaking news. Several associates went with both groups, Dallas IP is now about 1/3 of what it was at height of section.

Guess my understanding is somewhat misguided. I'm not a J&Ger but some who are (not particularly cheerleader types) thought the equities who left the IP section did not have lots of business. According to them, the real strength of the section, business-wise, remains and isn't going anywhere. I could be wrong but the IP folks in Dallas, especially IP litigation, are busy.