Law Firm Management

NewsNew York’s Davis Polk & Wardwell, whose fall 2020 bonuses set the standard for top law firms looking to reward pandemic-weary associates, said Monday it will give associates extra bonuses in the spring and fall of 2021, too.

NewsFreshfields Bruckhaus Deringer has hired former Kirkland & Ellis partner Joseph Halloum to build out the firm’s upstart Silicon Valley office.

NewsOrrick — a firm that brought in $1,158,537,000 in 2019 gross revenue, placing in at No. 31 in the most recent Am Law 100 rankings — is offering everyone the chance to truly ‘unplug.’ The firm will credit 40 hours of bonus-eligible time for everyone to sit back, relax, and stop doing work.

NewsNikola Corp. has given more than $79.6 million in stock to its chief legal officer Britton Worthen, who last year agreed to forego a $250,000 salary at the electric truck and hydrogen fuel cell battery maker.

NewsClifford Chance and Herbert Smith Freehills are paying staff an extra bonus of 5% of their salary for their hard work during the pandemic.

NewsThe American Bar Association (ABA) has issued Formal Opinion 498, which outlines several of the ethical implications of maintaining a virtual law practice but focuses primarily on data privacy and security issues.

NewsBoies Schiller Flexner will likely drop out of the American Lawyer’s list of the nation’s top 100 grossing law firms after losing a third of its equity partners last year.

NewsToday, it looks like raises are on the horizon for associates working for at least one firm, but will others follow in this firm’s footsteps?

NewsBiglaw has endured a practice-level impact over the past year.

NewsDLA Piper LLP (US) is pleased to announce a number of firm and practice leadership changes.

NewsSome of the nation’s top law firms posted substantial boosts in profits last year after laying off attorneys or staff members.

NewsAssociates have the opportunity to select a gift from a curated selection of items and experiences that include a shopping spree, fitness equipment, and wine packages, said Davis Polk managing partner Neil Barr in an email.

NewsDespite the coronavirus pandemic and recession that made life so miserable for millions last year, law firms did very well for themselves.

NewsStepping into his role as global co-chair of 4,500-lawyer DLA Piper, Frank Ryan says the best path forward is to get even bigger.

NewsFrost Brown Todd (FBT) is formally consolidating its federal public policy and regulatory practices into a Washington D.C. office.

NewsHusch Blackwell is pleased to announce that the firm reported revenue of $417,056,000 in 2020. This figure represents the highest single-year revenue total in the firm’s 104-year history.

NewsBig Law continues to report large ‘pandemic profit’ growth, as Cooleys and White & Case report double digit growth in 2020, while Hogan Lovells reports profits per partner (PPP) jumping 30 per cent from 2019 to 2020.