The law firm that drew up a more than 2,000-page report on the Lehman Brothers bankruptcy is seeing an exodus of six top partners.
The move highlights how even elite firms such as Jenner are not immune from partner attrition, a trend that's accelerated in the legal profession, in part because of widening profitability between top firms and others.Jenner & Block, the law firm that's played a central role in everything from dissecting the Lehman Brothers bankruptcy, to guiding General Motors through its 2009 bankruptcy, just lost six partners including some of its most senior members.
""Even at this moment of uncertainty, we feel that the opportunity to secure Craig, whom we have admired for years, and his team, is too good to pass up," said Willkie chairman Thomas Cerabino, in a statement. Still, Jenner's attorney roster counts some of the most celebrated lawyers in the country and its name has been behind some of the biggest US courtroom disputes and corporate workouts.
Perrelli, who serves as Jenner's current chair, helped negotiate a $20 billion trust fund with oil and gas company BP to compensate victims of the 2010 Deepwater Horizon oil spill.