Chicago's Mayer, Brown, Rowe & Maw has announced a major restructuring calling for the termination -- or "de-equitization" -- of 45 of its partners, around 10 percent of its total. A spokesman for the 1,500-lawyer firm said the move, first reported in the Chicago Tribune, primarily affected U.S. partners, but he declined to name them. Rival Chicago firm Sidley Austin's 2000 move to de-equitize partners is the subject of an EEOC lawsuit, which claims the firm discriminated on the basis of age.
Mayer Brown 'De-Equitizes' 45 Partners
New York Law Journal
March 5, 2007