Seven major law firms welcome new leaders in 2023, including a trio of lawyers that will become the first women to hold the top roles at their firms.
The leaders take the reins amid a slowdown that has pumped the brakes on the transactions work that had propelled revenue and profits to new highs at many firms.
“While the uncertainty across global markets presents a potential challenge for the legal profession and our clients, planning for potential downturns comes with the territory when leading any large organization,” said Faegre Drinker chair-elect Gina Kastel in an email.
Jones Day has its first new managing partner in two decades after Greg Shumaker took over Jan. 1.
The Washington lawyer and 35-year veteran of the firm replaces Stephen Brogan, who helped Jones Day establish itself as a powerful player in the nation’s capital. Brogan began telling colleagues in early 2021 he would relinquish the role by year’s end, prompting speculation about who he would pick as his successor.
Shumaker joins an exclusive club: Only eight people have held the managing partner title in Jones Day’s 130-year history.
Shumaker, formerly the head of Jones Day’s global disputes practice, has focused much of his career on complicated litigation related to major bankruptcy cases, including those involving the City of Detroit and several large auto manufacturers.
An FIR has been filed against a woman for allegedly disseminating misleading information and attempting to attribute a communal motive to the Yamuna Expressway bus fire incident in Greater Noida, ...