(Photo
by
David
Lat)
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.