Another senior exit, another move in-house. Mere days after Freshfields’ boss Ted Burke quit for a GC job at Boston’s Arclight Capital Partners, we find out that Reed Smith’s global chief Greg Jordan is to become the legal boss of PNC Financial Services Group. Goodness.
But this tale of musical chairs is all about surprises. When Reed Smith’s global chief Greg Jordan was re-elected as global managing partner last October, few would have suspected he’d be off to pastures new a year later. Having been the firm’s boss since 2000, the grass at PNC Financial Services Group must have looked pretty green when its general counsel Bob Hoyt threw in the towel for Barclays after Mark Harding’s retirement.
There had been predictions that the banking giant was going to pick its next legal boss from within. But that was reckoning without the umbilical relationship between Pittsburgh-headquartered Reed Smith and Pittsburgh-headquartered PNC.
As the grass gleams with promise for Hoyt and Jordan, Reed Smith’s litigation chief Alexander Thomas, who has been with the firm since 1999, gets his chance to be boss. How’s that for a Friday warmer.
PS Don’t miss The Lawyer on Monday. There’s an examination of what GCs really think of procurement, an interview with BT legal chief Dan Fitz and a full report on The Lawyer Management Conference and Awards.
Also on TheLawyer.com:
- Ashurst’s collective redundancy consultation has come to an end, with the firm due to cut just over 120 support staff jobs from its City base
- The South London Legal Partnership (SLLP), which opened earlier this week following the merger of London’s Merton, Kingston, Sutton and Richmond legal teams, is to launch its own trainee scheme
- South African firm Bowman Gilfillan has formed an association with Botswanan firm Bookbinder Business Law, as it seeks further growth opportunities for its Africa Group