Ed. note: Welcome to our daily feature, Quote of the Day.
Earlier today, I informed the partnership that I have made the difficult decision to step down as chair, effective April 2024 for health-related reasons. This is not a decision that I have taken lightly and, while I will be fine, I will be turning my attention to my health. Doing so will not allow me to devote the time and energy that the role of chair requires and deserves.
Being chair of Proskauer is an honor, and I am immensely proud of our firm’s strength and success and excited to see where we go next.
— Steven Ellis, chairman of Proskauer Rose, in a memo sent firmwide concerning his decision to step down from his role due to health-related reasons. Ellis was reelected to his second term as chair in January 2020, and led the elite firm through the pandemic, including its best year ever in 2021. “Proskauer is in a strong position, as we continue to grow our high-value practices and strengthen our industry leadership,” Ellis wrote to the firm. “We remain a place where clients come for their most critical, important, complex and novel matters.” Proskauer will hold an election to fill his position in January, and the newly elected chair will take his place in April 2024.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.