Law Firm Management

NewsGlobal law firm Hogan Lovells has opened a Legal Service Center (LSC) in the firm’s Louisville office. The LSC provides dedicated services to the Corporate & Finance practice with an initial focus on due diligence analysis and review services. The LSC is co-located with the firm’s existing Global Business Service team.

NewsA new pair of bonuses recently introduced by Big Law to reward and retain associates may not be enough to keep them in their seats in a hot job market and amid what recruiters call increasing lawyer burnout.

NewsDay Pitney LLP announced that it will expand its East Coast presence through a merger with Rhode Island-based law firm Howland Evangelista Kohlenberg LLP, a dedicated trusts and estates boutique handling complex and sophisticated planning, probate and trust matters for high net worth individuals and families.

NewsCooley — a firm that hadn’t announced any compensation cuts — stepped up and offered special bonuses ranging from $2,500 to $7,500 for all associates and counsel. Of course, Davis Polk upped the ante (just like the firm did this spring), but Cooley deserves all the credit in the world. Now, the firm is here to match Davis Polk once again.

NewsWhich firm is the latest to fall in line and offer up bountiful bonuses in recognition of its attorneys’ hard work?

NewsDebevoise & Plimpton’s associates and counsel in the U.S. will receive special bonuses in June and September of this year, as Big Law seeks to reward lawyers for their hard work during Covid-19 and to retain valuable talent.

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.