Lovells

Associate Bonus Watch: Hogan Lovells

By

In our recent post on the top 10 most generous large law firms — based on analysis by ATL’s new director of research, Brian Dalton — the firm of Hogan Lovells placed second. Under the rankings, this meant that Hogan partners are taking the second-biggest hit to their own bottom lines in order to keep their associates happy and well-compensated.

But is this still the case today? Based on what we’re hearing about the most recent Hogan bonuses, announced shortly before Christmas, one wonders whether the Ho-Love partners have turned from Santas into Scrooges….

double red triangle arrows Continue reading “Associate Bonus Watch: Hogan Lovells”

14 Comments

The Biggest Law Firms in the World: Meet the Global 100

By

Say hello to the Global 100 for 2011. This is the American Lawyer’s list of the world’s 100 largest law firms, ranked by total revenue.

There’s a lot of economic anxiety these days, with fears of a double-dip recession running rampant. But looking back — the list is compiled based on 2010 revenue numbers — the legal business seems to be hanging in there. As noted by Am Law, total revenue for the Global 100 increased by 3 percent last year.

Lawyers are a competitive lot. So you’re probably less interested in the overall figures than in how different firms fared in the rankings….

double red triangle arrows Continue reading “The Biggest Law Firms in the World: Meet the Global 100″

50 Comments

Associate Bonus Watch: Ho-Love Gives Bonus Love

By

Every day that major law firms do not announce spring bonuses makes them look like below-market, “non-peer” institutions. It has become very clear that firms claiming to pay market compensation need to be providing spring bonuses.

The latest firm to yield to market realities is Hogan Lovells. The relatively new Ho-Love, formed by the merger of Hogan & Hartson and Lovells, showed love to its hos on Friday. The firm matched the Cravath scale for spring bonuses.

You can read the full memo below. But you should also listen to how surprised and happy Ho-Love associates are about the bonuses. Hogan associates are like bizzaro Sidley associates….

double red triangle arrows Continue reading “Associate Bonus Watch: Ho-Love Gives Bonus Love”

61 Comments

Associate Bonus Watch: Unhappiness at Hogan Lovells?

By

Last week, Hogan Lovells announced its associate bonuses. It’s the first bonus season for the firm since the merger of Hogan & Hartson and Lovells. Unfortunately for some associates, the transatlantic deal apparently did not pay off for them at bonus time.

The memos are individualized, but the associates who have reached out to Above the Law are not happy. Here’s one tipster’s report:

Most people with whom I’ve spoken received $2500-$5000 less than the Cravath-model for billing around 2150 (our hours requirement is 1950). This is true no matter the class year.

A number of associates left the office as soon as the memos came out because they were so disgusted. I predict a mass exodus of associates leaving HoLove this coming year, because a lot of people have been pissed about the hours anyway and these bonuses are just insulting.

But according to a Hogan Lovells spokesperson, the HoLove bonuses matched the market. So why are associates upset?

(Please note that we’ve added some UPDATES after the jump.)

double red triangle arrows Continue reading “Associate Bonus Watch: Unhappiness at Hogan Lovells?”

126 Comments

Fall Recruiting Open Threads: Vault 61 – 80 (2011)

By

With fall recruiting gearing up, and the lateral market warming up, we continue our annual series of open threads about the law firms featured in the Vault prestige rankings. These threads provide ATL readers with a forum to discuss the different firms and their various strengths and weaknesses.

The end of the Vault 100 is in sight. We’re covering the firms in batches of 20 now. Here are the firms ranked #61 to #80, which will provide today’s discussion fodder:

61. Greenberg Traurig, LLP
62. Holland & Knight LLP
63. Fish & Richardson P.C.
64. Sonnenschein Nath & Rosenthal LLP
65. Cahill Gordon & Reindel LLP
66. Foley & Lardner LLP
67. Perkins Coie LLP
68. Nixon Peabody LLP
69. Patton Boggs LLP
70. Kaye Scholer LLP
71. Hunton & Williams LLP
72. Reed Smith LLP
73. Steptoe & Johnson LLP
74. Chadbourne & Parke LLP
75. Howrey LLP
76. Bryan Cave LLP
77. Lovells (US) [now part of Hogan Lovells]
78. Katten Muchin Rosenman LLP
79. Crowell & Moring LLP
80. Schulte Roth & Zabel LLP

This is a very eclectic group, including a few New York-centric firms, some D.C.-dominated places, and a bunch of national and even international giants.

Let’s take a closer look at some of these shops….

double red triangle arrows Continue reading “Fall Recruiting Open Threads: Vault 61 – 80 (2011)”

51 Comments

Nationwide Salary Thaw: Hogan Lovells Loves Its Associates

By

The prior reports of additional payments to some associates at Hogan Lovells, designed to reward these associates for making their billable-hours targets, were accurate — at least with respect to the New York office. And it turns out that these payments constitute what in ATL-speak we call “true-up payments” — i.e., payments designed to give associates the pay they would have received had a salary freeze never occurred and they had received the customary annual raise for seniority.

This may sound confusing, but it’s really not. Let’s take a look at the memo from Hogan Lovells….

double red triangle arrows Continue reading “Nationwide Salary Thaw: Hogan Lovells Loves Its Associates”

24 Comments

Nationwide Salary Thaw: Happy Happenings at Hogan?

By

Last Wednesday, the firm of Hogan Lovells — formerly known as Hogan & Hartson, before its recent merger with U.K.-based Lovells — made an announcement about associate salaries.

So what went down?

double red triangle arrows Continue reading “Nationwide Salary Thaw: Happy Happenings at Hogan?”

27 Comments

Lawyer of the Day: A Hogan Lovells Ex-Partner Who Likes It Rough

By

Why are British lawyers always getting caught with their pants down? We all remember the classic scene in A Fish Called Wanda, in which an unsuspecting family walks in on a naked barrister, Archie Leach (John Cleese), as he’s getting ready for a roll in the hay with Wanda (Jamie Lee Curtis).

But this kind of thing happens in real life, too. And sometimes the lawyers involved are partners at top firms — e.g., Lovells, which recently merged with Hogan & Hartson to form Hogan Lovells.

Check out this Daily Mail headline: “The top lawyer, his lover and a drug-fuelled sadomasochistic sex session that led to bloodshed at the Hilton.”

Wow. That’s almost as delicious a headline as this one.

And the headline, even though it’s a mouthful, doesn’t quite say it all. There’s more, much more — including leather thongs, nipple clamps, and a pile of blow….

double red triangle arrows Continue reading “Lawyer of the Day: A Hogan Lovells Ex-Partner Who Likes It Rough”

20 Comments

Summer Associate of the Day: America’s Next Top… Lawyer?

By

Supermodel Linda Evangelista famously quipped that she doesn’t wake up for less than $10,000 a day. Alas, not all models occupy such a privileged position. This summer, one model is getting out of bed for considerably less than $10,000 a day — to wit, about $3,000 a week.

Sara Albert, who made it to the final four on America’s Next Top Model – Cycle 6, has excelled in yet another reality competition. In a still challenging job market, Sara Albert — actually, now Sara Hallmark, since her 2008 wedding to John Hallmark — managed to snag a summer associate position in the Washington office of a major international law firm. A Biglaw biggie that just got bigger, as it turns out….

So, which fine firm will have its hallways graced by the 6’1” blond beauty?

double red triangle arrows Continue reading “Summer Associate of the Day: America’s Next Top… Lawyer?”

73 Comments

Law Firm Merger Mania? Townsend and Kilpatrick Might Be in Talks; Hogan Lovells Officially Debuts

By

One merger is an accident. Two mergers … well, that could be a trend.

The merger of Hogan & Hartson and Lovells is in the books. The new firm is up and running, and it’s already saying goodbye to people. The Blog of the Legal Times reports that Hogan Lovells had some departures over the weekend:

A six-lawyer insurance litigation group left Hogan to launch a D.C. office for Hartford, Conn.-based Shipman & Goodwin. James Ruggeri, who leads the group, said that the move was made because of conflicts created by the merger for his group’s chief client, The Hartford Financial Services Group Inc. Ruggeri serves as The Hartford’s national counsel for complex insurance coverage matters. He had been at Hogan since 1991.

Hogan Lovells has gotten a lot of attention in part because it is the highest-profile law firm merger to take place after the recession fully took hold.

But over the weekend, a tipster reported that there might be another notable merger on the horizon. Our source tells us that Townsend and Townsend and Crew and Kilpatrick Stockton are in talks…

double red triangle arrows Continue reading “Law Firm Merger Mania? Townsend and Kilpatrick Might Be in Talks; Hogan Lovells Officially Debuts”

29 Comments
Page 1 of 212