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Wednesday, August 1, 2007

Tonia Schulz to leave Oppenheimer for financial sector

After just seven months as managing partner of the Minneapolis law firm of Oppenheimer Wolf & Donnolly, Tonia Schulz has announced that she is leaving the 99-lawyer firm to take a position as executive vice president of Emmerich Financial. According to Emmerich Financial's website, the company has a client list that includes some of the country's top-performing financial services companies.

Many will recall that Schulz became Oppenheimer's first woman managing partner in January. Oppenheimer has a unique management structure whereby Schulz -- who works full time on operations -- shares executive power with firm CEO David Potter, who, in addition to his management duties, continues to practice law. The idea behind having the full-time manager was that in an increasingly complex world, the firm should have at least one person whose complete attention was devoted to strategic thinking and other management-related issues. (Many law firms have practicing lawyers serve on a rotating basis as CEO, but no full-time top manager.)

Oppenheimer firm spokesperson Jacquie Bystrom said the firm is sad to Schulz go, but the firm understood her decision to take on a leadership position in the fast-growing financial services sector. The Oppenheimer firm remains committed to its management structure of having a full-time managing partner, Bystrom added.

Schulz's departure is effective Aug. 31.

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