Posted Nov 13, 2009 06:55 pm CST
Jones Day demoted five partners to counsel in its London office during 2009.
The law firm has not commented about why the demotions were made, according to Legal Week.
Jones Day presently has 48 partners in its London office.
Headquartered in Cleveland, Ohio, the law firm has more than 2,300 attorneys worldwide. It has made a number of cost-cutting moves this year.
ABAJournal.com: “Jones Day Memo Freezes Staff Pay, Asks Troops to Work Harder”