Photo: Jason Doiy/ALM Baker Botts Joins Ranks of Big Law Firms Announcing Market Scale Year-End Bonuses
Baker Botts is the first Texas-founded Big Law firm to announce year-end bonuses for associates and special counsel at the market rate that ranges up to $115,000 for senior associates.
December 02, 2022 at 12:35 PM
2 minute read
Baker Botts on Friday announced year-end associate and special counsel bonuses ranging up to $115,000 for senior associates, becoming the first Am Law 100 firm in Texas to announce bonuses at the market bonus scale set by Cravath, Swaine & Moore and Baker McKenzie.
While some Big Law firms have been slow to announce a bonus scale, due to uncertainties in the economy for 2023 and overcapacity issues at some firms, a number of other firms announced year-end bonuses on Friday, including Paul, Weiss, Rifkind, Wharton & Garrison; Davis Polk & Wardwell; Debevoise & Plimpton; Cleary Gottlieb Steen & Hamilton; and Fried, Frank, Harris, Shriver & Jacobson. The firms moved to the market rate.
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J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
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Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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