These 7 Larger Law Firms Got the $10M Maximum in Coronavirus Pandemic Loans

“When the government offered forgivable loans to keep businesses afloat and workers on the payroll during the novel coronavirus pandemic, dozens of larger law firms received the money,” reports Debra Cassens Weiss in ABA Journal’s News.

“Now, the U.S. Small Business Administration has released more details on the loans as a result of a federal judge’s order, including the loan amounts.”

“…seven of the nation’s 200 top-grossing law firms received the maximum $10 million loan in the paycheck protection program.”

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Davis Polk Comes Out On Top As 2020’s Biglaw Bonus Champion

“Back in September, Davis 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. These bonuses weren’t consequential for Davis Polk associates alone — now almost all firms have adopted the Davis Polk special bonus, lest they be left in the dust when it comes to offering market compensation,” reports Staci Zaretsky in Above the Law’s Biglaw.

“And now, the top 20 Am Law firm that brought about 2020’s bonus big boom has announced its year-end bonuses. Unsurprisingly, the firm has matched the prevailing market rate that was first announced by Baker McKenzie and later echoed by Cravath.”

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14 Lawyers Disciplined on December List

The State Bar of Texas announced attorney discipline sanctions against 14 Texas attorneys on its December list, reports Mary Flood in Chron’s Houston Legal.

Two disbarments, one resignation, 10 suspensions and three public reprimands.

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Top 25 Am Law Firm Hands Out Up to Six-Figure Bonuses for Associates — But People Are Still Mad

“Another day, another bonus match. That’s what the next few weeks are going to look like in the world of large law firms in the United States. There’s just one question to be asked: Will firms match the original Baker McKenzie bonus scale, without special bonuses, or the Cravath bonus scale, which includes special bonuses?” asks Staci Zaretsky in Above The Law’s Biglaw.

“Paul 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.”

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‘Copyright Troll’ Richard Liebowitz Suspended from Manhattan Federal Court

“The 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,” reports Caroline Spiezio in Westlaw Today.

“The committee’s chair, U.S. District Court Judge Katherine Polk Failla, wrote in a Monday order that the interim suspension was needed to ‘protect the public’ because of Liebowitz’s ‘unwillingness to change despite 19 formal sanctions and scores of other admonishments and warnings from judges across the country.'”

“Liebowitz and his counsel, Brian Jacobs of Morvillo Abramowitz Grand Iason & Anello, did not immediately respond to request for comment on Tuesday.”

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Cooley Remains #1 Most Active Global Firm for Deals

“PitchBook 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,” posts Cooley in their News.

“Across all deal types, Cooley was credited with 339 disclosable deals last quarter, representing more than $30 billion in combined deal value. The data also confirms Cooley as the #1 most active law firm in the US and globally for venture capital and #1 in venture capital deals across multiple sector categories, including pharma and biotech, healthcare systems and services and IT hardware, and US regional categories, including the West Coast, mid-Atlantic, mountain, south and Great Lakes. The firm is also #1 for late-stage deals and #1 for all company-side deals in the US and globally.”

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Top 25 Am Law Firm Announces Special Bonuses — But There’s A Catch

“Earlier this fall, when elite firms were falling over themselves to match the Davis Polk special bonus scale, others were in no rush, instead simply committing to make sure that associates would be properly compensated in the future. That’s what Goodwin Procter did back in early October. Lo and behold, today, the morning after Cravath announced that it would fall in line to match those generous pandemic bonuses, Goodwin has announced that it will be handing out special bonuses on the DPW scale,” reports Staci Zaretsky in Above the Law’s Biglaw.

“But, there’s a catch. While the DPW special bonuses merely required associates to be in ‘good standing,’ Goodwin’s special bonuses are hours-based by class year.”

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Milbank Announces Bonuses: What Does That Mean for the Biglaw Compensation Leader Race?

“Which Biglaw firm is the true gold standard of Biglaw compensation? … Cravath is sorta the default answer, even though they aren’t, strictly speaking, the top of the market. And that reputation took a further hit this year when Cooley started the COVID fall bonus trend followed by Davis Polk coming over the top of that scale, while Cravath opted to wait until the end of the year. Now year-end bonuses at Cravath have been announced, and while their associates will get full market scale, it’s clear they’re not about making any waves this year,” writes Kathryn Rubino in Above the Law’s Biglaw.

“But there’s another firm that’s been making their pitch to be the compensation leader. Milbank’s the firm that brought about the $190K salary scale, and last year, they were the first to move on year-end bonuses. So they’ve definitely proven they have what it takes to set the standard in Biglaw compensation. Now they’ve released their year-end bonuses…”

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Nelson Mullins and Redgrave LLP to Form Encompass Redgrave Law Practice, Largest in the Nation

“Nelson Mullins Riley & Scarborough LLP is pleased to announce that the attorneys, directors, and advisors from Redgrave LLP will join the firm’s Encompass practice, establishing Encompass Redgrave as the nation’s largest and most comprehensive information and discovery law practice. In this field, both firms already top the market in scale and scope of experience and resources, and the combined team will offer clients unparalleled depth of legal experience along with best-in-class technological capabilities to address the most complex and high-risk litigation, government investigation, and data governance challenges,” posted the company on Encompass’ News.

“Encompass Redgrave will be co-led by John Martin and Jonathan Redgrave. Martin, who has led the Encompass practice at Nelson Mullins since its inception more than a decade ago, said.”

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Are Biglaw Associates Billing Themselves to the Brink of Exhaustion for Subpar Bonuses?

“It’s been almost one week since Baker McKenzie unexpectedly kicked off Biglaw’s 2020 bonus season, and the announcement has been met with crickets. To be honest, no one thought Baker of all firms would be the one to make the first move, and based on associates’ responses to our annual bonus and billable hours survey, no one really thought this year’s bonus scale would be announced as early as it was due to the ongoing pandemic. Thirty-four percent of our respondents think a big bonus announcement will drop sometime this week, while 33 percent think it will come next week. As a reminder, last year, bonuses were announced on November 7, and the year before that, bonuses were announced just before Thanksgiving, in the second to last week of November,” reports Staci Zaretsky in Above the Law’s Biglaw.

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Biglaw Firm That Cut Associate Compensation By Up To 50 Percent To Reinstate Full Salaries

“Schiff Hardin, a firm that brought in $186,437,000 gross revenue in 2019, ranking 158th on the Am Law 200. If you recall, back in April, the firm instituted some of the largest associate pay cuts we’d heard about during the coronavirus crisis. While the majority of attorneys saw a 15 percent compensation cut, certain practice areas took an astonishing 50 percent hit. Staff making $100,000+ were also subject to up to a 15 percent cut, and the firm also laid off some staff members,” reports Staci Zaretsky in Above the Law’s Biglaw.

“After months of suffering, all of this bad news is finally coming to and end.”

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Biglaw Firm Restores All Partner Pay After 5 Months of COVID Cuts

“Another day, another Biglaw firm that’s reversing its COVID-19 austerity measures,” reports Staci Zaretsky in Above the Law’s Biglaw.

“This time, the good news is coming from Taft Law (formerly known as Taft Stettinius & Hollister). If you recall, back in April, the firm decided to reduce partner draws by 25 percent, leaving compensation for staff, associates, and of counsel attorneys intact. At the same time, the firm laid off 1.4 percent of its attorneys and 3.5 percent of its staff. We’ve been told that the firm’s partners received a treat for Halloween instead of a trick, because all of their pay was restored in full in October.”

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Greenberg Traurig Offers Voluntary Buyouts With ‘Enhanced’ Severance

“For the past seven months, the coronavirus crisis has ravaged the legal profession, leading to salary cuts, furloughs, and in some cases, layoffs. But some firms seem to have remained completely unscathed by the global economic turmoil that’s been caused by COVID-19,” writes Staci Zaretsky in Above The Law’s Biglaw.

“Take Greenberg Traurig, a firm that brought in $1,641,790,000 in gross revenue last year, earning it 14th place in the latest Am Law 100 ranking, for example. Back in April, we reported that the firm had offered “a good deal of transparency about [its] financial position” and assured attorneys that there would be no layoffs. At that time, there had been no word of salary cuts at the firm, and to our knowledge, throughout the pandemic, no such cuts were made. The firm made it quite far without having to take any major cost-cutting measures, but sources have told us that GT has now decided to roll out a voluntary separation program for full-time staff.”

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Biglaw Firm Resolves Pay Bias Claim Over Bonuses Paid at Predecessor Firm

“After a routine compliance review by the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP), Locke Lord LLP – a federal contractor formerly known as Edwards Wildman – voluntarily entered into a conciliation agreement to resolve allegations of pay discrimination at its Providence, Rhode Island, office,” released the U.S. Department of Labor’s News Releases.

“In January 2015, Locke Lord LLP acquired Edwards Wildman. In fiscal years 2016 through 2020, Locke Lord LLP received payments totaling $4,915,638 due to federal contracts.”

“After a routine compliance evaluation, OFCCP alleged that Locke Lord LLP discriminated in its practice of issuing bonuses to 22 female associates. While not admitting the allegations, Locke Lord LLP agreed to provide relief for the affected associates totaling $150,000 in lost bonuses and interest, as well as assuring that all employees are afforded equal employment opportunities.”

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Winning the Good Fight

Lyons & Simmons, LLP has a hard-earned reputation for obtaining big results in important personal injury and wrongful death cases. The trial firm’s custom-tailored, client-focused approach has yielded remarkable results, leading to selection by readers of Texas Lawyer magazine as the top personal injury firm in Dallas in the “Best of 2020” survey of the Texas legal market.

The firm – led by founders Michael Lyons and Christopher Simmons – has garnered an impressive recent string of victories without a loss on its scorecard. That nearly unprecedented success has not gone unnoticed, either by clients or peers. In addition to recognition as the Best PI Firm in Dallas, Lyons and Simmons were recently named individually in The Best Lawyers in America, while trial lawyer Stephen Higdon was honored among Best Lawyer’s Ones to Watch.

The attorneys of Lyons & Simmons are truly warriors for their clients’ cases and causes, and it is a responsibility they take very seriously. Their tenacity, ingenuity and innovation have become hallmarks of the firm, and something that clients have come to expect and opponents respect.

Devoted to representing people who have the deck stacked against them, the firm has developed a national reputation for getting remarkable results in big, high-exposure disputes. Michael Lyons and Christopher Simmons’ recent results look more like career-spanning highlights than a 22-month snapshot.

In 2019, the pair represented the family of Parker Waldridge, one of five victims of the worst oilfield incident in Oklahoma history (and the deadliest in the U.S. since the 2010 Macondo Deepwater Horizon blowout). Waldridge was burned alive trying to escape a well fire sparked by a blowout that occurred while workers were performing drilling operations. The fire was so intense that it could be seen on satellite images. Lyons and Simmons have noted that the human tragedy from this case is one that still haunts them, as the circumstances that led to the blowout should never have happened.

Shortly before the start of that trial, the firm obtained a settlement with the last remaining defendant. The combined settlements in the case resulted in one of the largest recoveries for a wrongful death claimant in Oklahoma history. But for the attorneys of Lyons & Simmons, financial restitution is simply not enough in cases such as this. Through their investigative work, the partners were able to demonstrate the circumstances and practices that led to the tragedy, which will help to change the culture that allowed it to occur.

Such efforts to institute change are a recurring theme in the firm’s work.

“Our clients’ problems are our problems. I literally lose sleep at night thinking about how they have been wronged and how I intend to fix it,” says Lyons. “We are always ready to go into battle for our clients.”

Emblematic of their commitment to change was a particularly unsettling sexual assault case. The client, who suffered from dementia, was sexually assaulted in her own home by a cable installer. The team’s investigation would ultimately uncover a blind spot in the hiring practices of communications companies, which allowed dangerous predators to be employed. Lyons and Simmons were in the middle of depositions with corporate representatives when it became obvious that the “ball had been dropped” during the employment screening process. After shining a light on these negligent practices, the company was finally ready to take responsibility for its shortcomings.

“Most of our cases are David vs. Goliath stories,” says Simmons. “It is usually us against some giant institution represented by a team of big-firm lawyers whose strategy is to outspend and outflank you. We are not going to be intimidated. We just say, ‘Bring it on.’ We will be ready.”

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More Big Law Pay Moves as Orrick Reverses Cuts, Weil Rewards Earners

“Good news continues to trickle in for associates who’ve hitched themselves to the right law firms or practices, as more firms either end pandemic pay cuts or pile special bonuses on top of lawyers’ regular earnings,” reports David Thomas in Thomas Reuters Westlaw Today.

“In the case of Orrick, Herrington & Sutcliffe, starting Oct. 1 the firm is completely scrapping pay cuts it enacted earlier for associates, of counsel and staff.”

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The Global 100: The Richest Law Firms in the World (2020)

Law.com recently published its latest edition of the Global 100, a ranking of the world’s 100 largest law firms by total revenue,” reports Staci Zaretsky in Above the Law’s Biglaw.

“Overall, the Global 100’s gross revenue grew by 4.7 percent, bringing the collective earnings of these firms up to $119.6 billion. Of course, this is nowhere near the heights reached in 2018, when gross revenue for the Global 100 increased by 8.1 percent, but when Biglaw is up by $5.4 billion, there’s not much room for complaints. The United States continues to dominate the list, and this time around, 50 firms had more than $1 billion in revenue — and the vast majority of those firms are based in the U.S.”

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Biglaw Firm is Punishing 5 Departing Partners in Bonus Clawback Dispute, Petition Says

“Five former Nixon Peabody partners allege that their former law firm tried to punish them for jumping to DLA Piper by trying to claw back bonuses and withholding money in support of the effort,” summarizes Debra Cassens Weiss in ABA Journal’s Law Firms.

“Their mediation petition, filed Tuesday in New York state court, claims that Nixon Peabody’s bonus clawback provision restricts partners from practicing law where they choose. As a result, the provision is unenforceable under New York law, the petition says.”

“The partners resigned from Nixon Peabody in June 2019, the same month their bonuses for fiscal year 2018 were paid in full, the petition says. The partners each were awarded a bonus of $100,000 or more for fiscal year 2018, which ended Jan. 31, 2019. Nixon Peabody did not allow the partners to begin work at their new firm until July 16, 2019, according to the petition.”

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Biglaw Firm Switches From Strict Lockstep Compensation for Partners to Modified System

“Davis Polk & Wardwell is changing to a more flexible compensation system, allowing it to pay more money to retain and attract rainmaking partners,” reports Debra Cassens Weiss in ABA Journal’s Daily News.

“Davis Polk has paid partners based on seniority under a lockstep compensation model. The law firm is changing to a modified lockstep system.”

“Only a few elite New York firms retain a strict lockstep pay structure, according to Bloomberg Law. Other firms that have used a lockstep system include Cravath Swaine & Moore, Cleary Gottlieb Steen & Hamilton, and Debevoise & Plimpton. Those firms typically were most profitable, enabling high partner compensation.”

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Woman Arrested at Boston Airport, Suspected of Running Unlawful Law Practice in Uptown Dallas

“A 32-year-old woman suspected since July of running an unlawful law practice in Uptown Dallas has been arrested in Boston, and police are asking anyone who may have been victimized to speak up,” reports Marc Ramirez in The Dallas Morning News’ Crime.

“Massachusetts state police detained Camilia Shene Johnson at Logan International Airport on Sept. 5 as she tried to board a flight to Istanbul, Turkey. Johnson, a convicted felon, also goes by the name Camilia Johnson Ibrahim.”

“Authorities had been looking into Johnson’s conduct since mid-July, when a skeptical DeSoto resident alerted police to say that a number of legal actions being proposed to them by the suspect were in fact not the law.”

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