Jones Day

Jones Day operates like no other major firm. One managing partner makes all significant decisions, compensation, hiring, strategy, with almost no formal input from the broader partnership. There are no public profit per partner figures. Compensation is set by the managing partner's assessment. The system is either brilliant or authoritarian. Roughly 3 billion in revenue with over 2,500 lawyers across 43 offices. The managing partner has led since 2003, one of the longest tenures in major firm history. Under his leadership, aggressive expansion into Asia and Latin America, while prising institutional loyalty over individual credit.