Volcker Addresses Jones Day Gathering

Tuesday, December 6, 2011 - 17:14

More than 300 guests gathered at global law firm Jones Day’s Washington office during the annual meetings of the International Monetary Fund and World Bank to hear central bankers, government officials, economists, and executives discuss the global debt crisis and its implications for the world economy.

Following a rooftop reception, former chairman of the Federal Reserve Paul Volcker chaired a panel discussion with former president of Mexico Ernesto Zedillo; MIT professor and former IMF chief economist Simon Johnson; and David Marsh, senior advisor to Soditic Asset Management LLP. Mr. Volcker then delivered the William Taylor Memorial Lecture, “Three Years Later: Unfinished Business in Financial Reform,” which later became the subject of a New York Times article.

“We’ve been sponsoring events in conjunction with the IMF/World Bank meetings for over a decade, and the particularly large turnout of clients and friends from around the world this time suggests the eagerness for high-level insight into current global financial developments,” said Greg Shumaker, partner-in-charge of Jones Day’s Washington office. “We are grateful to Messrs. Volcker, Zedillo, Johnson and Marsh for taking time from extremely busy schedules to share their views.” 

“This year’s discussion was particularly timely given the debt crisis confronting Europe and the United States,” said Noel Francisco, leader of Jones Day’s Government Regulation Practice. “Our distinguished speakers provided our guests with unique and timely insights into these rapidly changing world events.”


Jones Day topped Boston-based BTI Consulting Group's 2012 "Client Service A-Team" ranking, which identifies the top law firms for client service through a national survey of corporate counsel. Jones Day's client service score surpassed that of the second-ranked firm by a 196-point margin. For the 11th consecutive year, the Firm has won a place among BTI's "Client Service 30," the elite group within the "A-Team." The Firm has held the No. 1 spot in this survey for seven of those 11 years and has always ranked in the top four.

BTI ranks firms into three tiers of honors: "Best of the Best," "Leaders of the Best," and "Honor Roll of the Best." BTI's survey placed the Firm in the first tier, among the Best of the Best, in the following 10 categories:

Breadth of Services*; Brings Together National Resources*; Commitment to Help ; Handles Problems*; Helps Advise on Business Issues; Innovative Approach*; Keeps Clients Informed*; Legal Skills*; Quality Products*; and Understands the Client’s Business*.

In the eight categories marked with an asterisk, Jones Day was the only firm ranked "Best of the Best."

The survey placed Jones Day among the "Leaders of the Best" in:

Anticipates the Client's Needs; Client Focus; Deals with Unexpected Changes; and Regional Reputation.

In the three remaining categories, the Firm ranked among the "Honor Roll of the Best" and so was ranked in every one of the 17 categories deemed critical drivers of superior client relationships.

"BTI welcomes Jones Day to the number one spot for the 7th time—and into The BTI Client Service 30 for the 11th straight year," says the BTI report. "Jones Day secures its position in the top spot for the second year in a row by earning an exceptional 10 Best of the Best honors in the activities driving superior client relationships; including 2 of the most strategic: Commitment to Help and Understanding the Client's Business.

"Client descriptions of Jones Day include 'my trusted partner' and 'great innovative thinkers;' driving the firm to the top of The BTI Client Service 30. Jones Day positions itself 'at the forefront of changes in law' and shares industry knowledge and understanding in 'thorough updates' to demonstrate superior commitment and client service."