Law Firm Management
Biglaw Merger Mania Sweeping the Midwest
NewsDinsmore & Shohl announced a merger with Wooden McLaughlin that became official on January 1. Just last month, megafirm Dentons announced a combination with Iowa law firm Davis Brown.
IRS Fishing Expedition Is Successful and Raises Important Attorney-Client Privilege Concerns
NewsThe attorney-client privilege is one of the bedrocks of the legal profession.
Biglaw Firm Touts Successful Year, But Doesn’t Thank Associates with Special Bonuses
NewsAt Alston & Bird, the year-end bonuses are individualized and tied to hours, not class year, as at most Biglaw firms.
Millions in Pandemic Aid Didn’t Stop These Firms from Cutting Jobs or Pay
NewsLaw firms rushed to secure government aid early in the coronavirus pandemic, borrowing nearly $12 billion from the U.S. Small Business Administration’s Paycheck Protection Program as their revenues were threatened by court closures and a freeze in corporate deals.
Am Law 50 Firm Offers Market-Busting Bonuses on Top of Bonuses on Top of Bonuses
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 market-busting bonuses to associates this year.
Disbarred Lawyer Arrested for Defrauding Clients out of $700K
NewsA former lawyer faces multiple charges of theft and fraud after investigators say he stole about $700K from clients over a period of three years.
5 Trends That Will Shape Legal Practices in 2021
NewsAs law firms position themselves to succeed in 2021 and beyond, understanding and leveraging distinct trends will help firms become more efficient, productive and competitive in the coming year.
Company Lawyers Dealt with Covid-19’s Effect on Businesses and Wider Communities.
NewsIn a tumultuous year defined by the Covid-19 pandemic and social justice movements, in-house legal teams have been relied on by their businesses to support employees, their organisations and the wider community.
Biglaw Firm Offers $20,000 Bonus For New Associates Who Don’t Even Work There Yet
NewsBoies Schiller & Flexner announced bank breaking bonuses, but they aren’t done spreading the good news.
Des Moines’ Davis Brown Law Firm Combining with Dentons
NewsDavis Brown Law Firm, one of Iowa’s largest law firms, is combining with Dentons, which bills itself as the world’s largest firm.
Biglaw Firm to Hand Out Year-End AND Special Bonuses — If Associates Bill Enough
NewsOn Friday, Kramer Levin announced year-end bonuses that match the prevailing market rate.
Billion-Dollar Biglaw Firm to Make True-Up Payments for Cut Salary
NewsDespite $1,035,000,000 in gross revenue last year Squire Patton Boggs instituted COVID-19 austerity measures.
Dickinson Wright Expands to Chicago Via Acquisition
NewsDetroit-based Dickinson Wright is opening a Chicago office in the new year through the acquisition of Stahl Cowen Crowley Addis.
Geoffrey S. Berman Joins Fried Frank to Lead Fried Frank’s White Collar Practice
NewsFried, Frank, Harris, Shriver & Jacobson LLP announced today that Geoffrey S. Berman, former US Attorney for the Southern District of New York (SDNY), has joined as head of the White Collar Defense, Regulatory Enforcement & Investigations Practice and member of the Firm’s Governance Committee.
These 7 Larger Law Firms Got the $10M Maximum in Coronavirus Pandemic Loans
NewsSeven of the nation’s 200 top-grossing law firms received the maximum $10 million loan in the paycheck protection program.
Davis Polk Comes Out On Top As 2020’s Biglaw Bonus Champion
NewsDavis Polk really raised the bar on special bonuses, offering associates up to $40,000 based on class year in recognition of their hard work throughout the pandemic.
14 Lawyers Disciplined on December List
NewsThe State Bar of Texas announced attorney discipline sanctions against 14 Texas attorneys on its December list.
Top 25 Am Law Firm Hands Out Up to Six-Figure Bonuses for Associates — But People Are Still Mad
NewsPaul Hastings just announced its year-end bonuses, and of course the firm is including special bonuses. No firm as highly ranked and regarded would want to offer associates below-market compensation.
‘Copyright Troll’ Richard Liebowitz Suspended from Manhattan Federal Court
NewsThe grievance committee for the Southern District of New York has suspended Richard Liebowitz, a New York lawyer notorious for filing low-value copyright cases on behalf of photographers, from practicing law while it investigates charges against him.
Cooley Remains #1 Most Active Global Firm for Deals
NewsPitchBook has again ranked Cooley as the #1 most active global law firm for all deals in its Q3 2020 Global League Tables – marking the second consecutive quarter Cooley has earned the top spot.
