Tuesday, February 12, 2008 2:05 PM - By David Lat
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.
Continue reading "Nationwide Pay Raise Watch: Locke Lord Bissell & Liddell"
Friday, September 14, 2007 11:00 AM - By David Lat
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.”
Paul Hastings in Stamford, RIP.
Locke Liddell and Lord, Bissell Finalize Merger [Texas Lawyer]
Earlier: Law Firm Merger Mania: Locke Liddell + Lord Bissell
Monday, July 23, 2007 11:30 AM - By David Lat
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.
Continue reading "X-Summers: The Swiss Mister"
Thursday, May 24, 2007 1:36 PM - By David Lat
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.
Continue reading "Law Firm Merger Mania: Locke Liddell + Lord Bissell"