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.
March 05, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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 or break down the impact of the move by office or practice area.
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