Posted Mar 29, 2010 03:14 pm CDT
Jenner & Block’s high-profile assignment investigating the collapse of Lehman Brothers has boosted the firm’s profile, positioning it to grab more boardroom assignments.
That’s the take of lawyers and consultants interviewed by Crain’s Chicago Business. The law firm has earned more than $43 million doing legal work related to the bankruptcies of Lehman and General Motors, helping spur a 5.7 percent increase in revenue.
Profits per partner jumped even more—by 32 percent—boosted by a “bloodletting” that accelerated under managing partner Susan Levy, who took over the job two years ago, the story says.
The author of the Lehman report is law firm chairman Anton Valukas, who declined to comment to a Crain’s reporter pending final motions in the case. “But he indirectly affirmed the opportunity at hand for Jenner,” the story says, “by acknowledging receipt of ” ‘675,000 media requests.’ “