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.
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.