Counsel News and Events for Attorneys and Executives

Law Firm Management

Former Attorney General Now Bills for Biglaw at Nearly $2,300 Per Hour

NewsFormer U.S. Attorney General Eric Holder Jr. is billing at $2,295 as a partner at Covington & Burling, according to a contract that the firm signed with a public university.

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Littler Pays Up, Drops Partner from Website After Keeping Docs from Court

NewsLittler Mendelson appears to have parted ways with a shareholder who allegedly misrepresented to a federal court that human resources software company ADP LLC wasn’t complying with a subpoena when in fact it had.

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Top 25 Biglaw Firm Shares the Wealth With All U.S. Associates

NewsKing & Spalding announced special bonuses for associates yesterday.

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Amazon Legal Chief’s Pay Topped $17M During Busy Year

NewsThe top in-house lawyer at Amazon.com Inc. received a total compensation package of nearly $17.2 million in 2020, according to the company’s annual proxy statement.

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Biglaw Firm Give Associates Special Bonus

NewsThe latest firm to announce bonuses is Katten Muchin, a firm that brought in $669,709,000 gross revenue in 2019, placing it at #63 in the most recent Am Law 100 ranking.

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A $16 Billion Firm? It’s Coming if Kirkland Repeats Its Decade

NewsIt’s always a big day when Kirkland & Ellis’ year-end financial results are unveiled.

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Top Biglaw Firm Gives Out Delayed Special Bonuses

NewsHunton Andrews Kurth has announced that their firm will be matching the market standard for Biglaw special bonuses for associates, but they have to wait until the fall for their bonus.

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Thompson & Knight, Holland & Knight In Talks for Tie-Up

NewsHolland & Knight and Thompson & Knight announced on Friday that they are in talks for a merger that would unite two of the largest law firms from Florida and Texas, respectively.

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Kirkland Lawyers Move to Posts at Private Equity Companies

NewsNine Kirkland & Ellis lawyers have taken in-house private equity positions during the first quarter of 2021, with most leaving for legal chief roles.

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Biglaw Firm Raises Salaries For (Some) Associates, Offers Special Bonuses For All

NewsBiglaw has done well — really, really well — in spite of the ongoing pandemic. In fact, the largest law firms in America have done so well that many of them are in the process of handing out millions of dollars’ worth of special bonuses to their hardworking associates.

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ViacomCBS’s Highest-Paid Lawyers Took In $12.7M Last Year

NewsThree lawyers were among the top six highest-paid executives at ViacomCBS Inc. in 2020, according to a proxy statement filed by the media conglomerate.

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Law Firm Mergers Rebound After Pandemic Slowdown

NewsLaw firm mergers may quadruple by the end of the year after cratering in 2020 when offices struggled to cope with the coronavirus pandemic, an Altman Weil report released Tuesday found.

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Two Prominent Biglaw Antitrust Lawyers Join Antitrust Boutique Bona Law

NewsBona Law, a national boutique antitrust law firm headquartered in San Diego, announced today that two prominent antitrust attorneys, Pat Pascarella and Jim Lerner, have joined the firm.

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Big Law’s Bonus Spree Fails to Curtail Risk of Associate Burnout

NewsWill Meyerhofer’s patients lately tell their therapist a similar story. They are working all hours of the day and night. Being the Big Law workhorses they are, they’re going along fine.

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Suit Alleges Biglaw Firm Used Lexisnexis Product to Inflate Bills for Flat-Fee Legal Research

NewsA corporate litigant disputing the legal bill charged by Squire Patton Boggs has filed a third-party complaint alleging that LexisNexis helped the law firm inflate its fees.

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The Biglaw Lateral Market Is On FIRE Right Now

NewsIn an effort to capture this sought-after talent, Biglaw firms are pulling out all the stops.

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Another Biglaw Firm Rolls Out Special Bonuses

NewsFried Frank, a firm that place 56th on the Am Law 200 thanks to $776,000,000 in gross revenue in 2019, announced its own special bonuses. As expected for such an elite firm, they’re matching the standard set by Davis Polk.

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General Counsel Role Shifts to Offense to Prevent Business Risks

NewsThe role of general counsel and chief legal officers has shifted from a defensive position to an offensive one.

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BigLaw Partner Added ‘Fictional Hours’ to Client Bills, Meriting a 2-Year Suspension

NewsMassachusetts’ top court ruled Thursday that a Duane Morris litigation partner got off too easy when she was suspended for six months for overbilling clients at her prior law firm, saying her actions reflected manifest “dishonesty” and deserved a two-year suspension instead.

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Associate Compensation Scorecard

NewsA trend that was started by Willkie on Friday, March 19, 2021 (offering between $7,500 and $40,000), and quickly one-upped by Davis Polk on Monday, March 22, 2021 (offering between $12,000 and $64,000) — many firms quickly fell in line and matched the generous scale.

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