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Chicago-based Jenner & Block recently shifted about 10 equity partners to non-equity status, firm chairman Anton Valukas confirmed yesterday. Valukas said “some very productive equity partners” have chosen to work as non-equity partners because it is less pressured � though not all moves were voluntary, he added. “It is a more competitive business world than it was 10 or 15 years ago,” he said. The action follows two recent strategic moves by the firm. It shifted between 15 and 20 of its equity partners to nonequity status last year, with some being asked to leave the firm and a smaller number moving voluntarily toward retirement. Also, Jenner & Block closed its four-lawyer office in Dallas earlier this year. But Valukas said the firm, which now has a total of 163 equity partners, is in good fiscal health. “This past year we had record profits per partner and record revenues,” Valukas said. “We’ve added 12 new equity partners since late 2007. We’ve also adjusted the status of some partners.” Jenner & Block has seen a downturn in commercial litigation but other areas of litigation are growing, Valukas said. “There is a downturn in commercial litigation across the country but we have areas that are booming, including our new media practice. That has been growing dramatically the last two or three years,” he said. “We are also involved with some very substantial sub-prime matters. One door closes, another door opens.”

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