Tag: LawFirmManagement

NewsAt Alston & Bird, the year-end bonuses are individualized and tied to hours, not class year, as at most Biglaw firms.

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.

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.

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.

NewsDespite $1,035,000,000 in gross revenue last year Squire Patton Boggs instituted COVID-19 austerity measures.

NewsDetroit-based Dickinson Wright is opening a Chicago office in the new year through the acquisition of Stahl Cowen Crowley Addis.

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.

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

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.

NewsThe State Bar of Texas announced attorney discipline sanctions against 14 Texas attorneys on its December list.

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.

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.

NewsEarlier 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.

NewsWhich Biglaw firm is the true gold standard of Biglaw compensation? … Cravath is sorta the default answer.

NewsNelson 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.