Robert Ruyak, Howrey's managing partner, confirmed Thursday that the firm plans to cut between 20 and 30 partners. The firm's profits per partner dropped 35 percent in 2009, and the acquisition of high-profile laterals created internal client conflicts that hurt some partners, sources say. Ruyak says that the hope is to keep the partners at Howrey until helping them land elsewhere. The plan is to position Howrey for a fast recovery, and Ruyak says he believes the firm can thrive by focusing on its core litigation practices.
Howrey to Cut Between 20 and 30 Partners
The American Lawyer
March 12, 2010