Jones Day Leader Said to Step Down, Four Possible Successors (1)
Jones Day s managing partner is granted more authority than at virtually any other major law firm. The leader has the authority to make all management decisions, the firm s website says, including the right to select the next leader.
That autonomy makes it nearly impossible even for current Jones Day partners to know who will be picked as the next leader. The firm says its standard practice is to designate the successor by written instrument.
A Jones Day spokeswoman did not respond to a phone call and email seeking comment.
I always use Jones Day as the example of just how flexible partnership agreements can be. Also, they put on a great show for Cleveland when I interviewed there back in the day.