Another Big Law Bonus Bonanza Beckons: The Morning Minute
The news and analysis you need to start your day.
November 01, 2021 at 06:00 AM
4 minute read
Law Firm Competition
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WHAT WE'RE WATCHING
MASK MANDATES AND OTHER MAYHEM - Turns out a global pandemic that alters human life as we know it can create a few sticky wickets. Courts continue to struggle with inconsistent COVID-19 protocols and pushback on reinstituting in-person proceedings, suggesting that even as the Delta variant shows signs of receding in the U.S., getting back to normal—or even proceeding with a new normal—may not be possible any time soon. Our reporters across the country have been tracking these issues throughout the pandemic, including the flare up of a number of new issues in recent weeks. As we explore in the latest Law.com Litigation Trendspotter column, some court systems continue to deal with confusion over mask mandates that have, apparently unbeknownst to some, been in place since summertime. Meanwhile, courts are also facing fallout from litigators who are less-than-eager to give up the efficiency, safety and cost-effectiveness of remote proceedings.
BONUS ARMY - Here we go again! Paul, Weiss, Rifkind, Wharton & Garrison announced a new round of discretionary bonuses last week and, to the surprise of no one, other firm leaders are now planning their own special rewards for those who have contributed most to meeting exceptional client demand. In fact, at least one, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, has already made its own announcement of an hours-based bonus of up to $40,000 for associates to be awarded in March 2022, just before the firm's fiscal year ends. And, as Law.com's Patrick Smith, Andrew Maloney and Jessie Yount reported, industry observers expect plenty more of Paul Weiss' peers to match the firm's move. "Every time you see an associate compensation bump, for lockstep associate compensation, firms follow suit. Whenever you see the bonuses increasing, firms will follow suit," said Rob Delicate, co-founder of the New York recruiting firm Erica Robert Associates. Delicate noted that while his shop doesn't focus on associates, "it would be surprising if we didn't see a handful [of law firms] following suit, and potentially dozens."
METAL MAGIC - Crowley Fleck and Kukala Law filed a copyright and trademark infringement lawsuit Friday in Wyoming District Court on behalf of Motamoa Holdings, a New Zealand business that sells metal sculptures under the (totally headbangin') trade name Metalbird. The complaint pursues claims against the operators of a competing ecommerce website that sells similar artwork using the brand name Magicbird. Counsel have not yet appeared for the defendants. The case is 0:21-cv-00198, Motamoa Holdings Limited v. VL Media LLC et al. Stay up on the latest deals and litigation with the new Law.com Radar.
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EDITOR'S PICKS
Same Court, Same Day, 2 Very Different Rulings on the Judicially Created 'Frankenstein' of Police Qualified Immunity By Allison Dunn Amid California's Raging Talent War, 'Firms That Have Lost Associates Are Desperate' By Jessie Yount Jury Awards Ex-University of Utah Autism Researcher $760K Over Retaliatory Firing By Allison Dunn In Title IX Case, 8th Circ. Says University Denied Women Equal Opportunities to Play Sports By Marianna Wharry $28M US Financial Life Class Action Settlement Includes $4.5M for the Lawyers By Katheryn Hayes Tucker|
WHILE YOU WERE SLEEPING
LEVELING UP AT LATHAM - Latham & Watkins is the latest firm to promote a bumper crop of lawyers to its partnership, with 44 making the cut across the firm's global network, Law.com International's Hannah Roberts reported. The promotions mark a change of pace for Latham, which has added 33 lawyers to its partnership in the past two years. In Europe, 15 lawyers are being promoted to partner, with London lawyers making up nine of the promotions in what is a record for the London base. Four lawyers are being promoted in Germany, and one apiece in Paris and Milan, while two lawyers are being promoted in the firm's Hong Kong office. Meanwhile, nine lawyers are being bumped up to partner in the firm's California offices and four in its Texas bases. Elsewhere, seven are being promoted in New York, three in Chicago and Washington, D.C., and one in Boston. The firm is also promoting 39 lawyers to counsel across its global offices. All appointments will take effect from January 1 2022.
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WHAT YOU SAID
"The talking heads predicting a multimillion dollar plaintiff's verdict— including some of my own brethren in the plaintiffs' bar—are skipping over a lot of complicated legal issues."
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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