Earlier this week, Locke Lord’s Larry Gray — managing partner of the firm’s Chicago office, and a lawyer at the firm for more than 35 years — passed away. He suffered a heart attack on Monday at the office. The firm was informed via an email from firm-wide managing partner Jerry Clements, on Monday night:
Dear LLBL Friends:
I am terribly sorry to report that our good friend and Managing Partner of our Chicago office, Larry Gray, passed away this morning after suffering a heart attack at the office.
More information regarding arrangements will follow when we have them. Please keep Larry’s wife, Sheri, and their children in your thoughts and prayers.
Condolences to the Gray family and to the entire Locke Lord community. A statement from the firm about Larry Gray appears after the jump.
Here’s some recent associate pay raise news from Locke Lord Bissell & Liddell (the entity formed by the merger last year of Texas-based Locke Liddell & Sapp and Chicago-based Lord Bissell & Brook):
Attached is a memo from, purportedly, the Locke Lord Bissell & Liddell (the new combined firm) management regarding associate salary increases. Despite the fact that it is being issued from the new combined firm, the memo only relates to the Locke Liddell associates and is completely silent as to raises for the Lord Bissell associates. We found this unbelievable, especially considering the new firm’s internal tag line is “One Firm, One Future.”
To put it simply, the LLS side is getting salaries increased across the board, albeit on a deferred comp scale, and the LBB side is getting nothing….
Nothing like dual compensation policies (well, at least one comp policy) for associates at the same (purported) firm!!!! That will surely make already declining morale even better.
Update: This post is the subject of a correction. See here.
Check out the memo for yourself, after the jump.
1. Back in May, Locke Liddell & Sapp, of Houston and Dallas, and Lord, Bissell & Brook, of Chicago, announced plans to merge. Those plans have now been finalized, and the merger will take effect on October 2.
Sadly, they didn’t take our advice about that unwieldy name: the new firm will be known as Locke Lord Bissell & Liddell. More details appear in the Texas Lawyer.
2. Some readers were impressed by the ability to earn $160,000 in Connecticut, by working in the Stamford office of Paul Hastings.
Guess it was too good to last. PH is closing its Stamford office effective December 3rd. We contacted the firm for comment, and they issued this statement:
“As transactions and cases become more sophisticated and global in scope, they require large teams of attorneys and deeper resources. We have decided to consolidate our New York and Stamford offices in order to better serve our client’s growing needs.”
Thanks to everyone who has responded thus far to our call for summer associate stories. We’ve received a number of colorful anecdotes, which we’ll be publishing over the next few days (or weeks, if the supply holds up). If you have a story you’d like to share, please check out the submission guidelines.
We like this one ’cause it’s weird — not just your typical tale of SA inebriation, followed by a drunken hookup and/or fistfight. Check it out:
1. Superhero name: The Swiss Mister
2. Special power: The ability to consume massive quantities of hot chocolate.
3. Summered: Lord, Bissell & Brook, Chicago, “a few years ago”
4. Claim to fame: From a source at the firm:
at the firm, there are kitchens on every floor. the kitchens have various drinks for the people to have while working: coffee, tea, and hot cocoa.
there is a protocol — it’s not that hard. if you are thirsty, or cold, or just want something nice and caffeinated, you go there and get a drink. common sense, right?
well, on this guy’s floor, meeting services noticed that every night, the hot cocoa drawer was empty. they would refill it, and the next night it would be gone again. it was very bizarre… since the coffee and tea are more popular anyway, especially during the summer. the drawer is big. it holds a lot of packets of hot cocoa. but, every night… it was all gone.
it turns out this summer associate was stealing all of the hot cocoa. every day.
Read more — including how he was apprehended, and whether he got an offer — after the jump.
The latest Biglaw combination brings together more “L”s than you can shake a stick at. From the Texas Lawyer:
Locke Liddell & Sapp, based in Houston and Dallas, and Chicago-based Lord, Bissell & Brook have agreed to merge, and will form a 700-lawyer firm named Locke Lord Bissell & Liddell.
Hmm, that’s a mouthful — the marketing people might want to rethink things. The alliteration and internal rhyme make the firm name far too “busy.” Correction: Based on the comments, it appears that we’re wrong about the internal rhyme. But we still think the new firm name is unwieldy.
Some reactions to more substantive aspects of the deal, after the jump.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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