Some people question whether large law firms do enough to make the world a better place. These people wonder: Are Biglaw partners letting Third World babies die, just so they can enjoy their Ferraris?
Or is the “Baby vs. Ferrari” choice a false dichotomy? Here’s another way of looking at it. Lawyers at large law firms, by providing top-notch legal services to large corporations — corporations owned not just by fat cats but also by ordinary Americans, through mutual funds and similar investment vehicles — create value that otherwise would not exist. Some of this surplus value makes its way into the pockets of partners (and their Ferrari dealers). But some of it makes its way to charitable causes (as well as federal and state government coffers, in the form of tax revenue).
Last week we commended the firms of Dewey & LeBoeuf and Heller Ehrman for their generous donations in support of China earthquake relief efforts. And it seems that supporting relief organizations, just like raising associate salaries, may be contagious within Biglaw.
Several other leading law firms have donated to support China earthquake relief efforts (and a number of these firms, including Orrick and Weil, acted within a few hours of last week’s ATL post). Here are some that we know of:
1. Allen & Overy: $80,000 contribution + matching donations.
2. Kirkland & Ellis: $100,000 contribution + matching donations.
3. McDermott Will & Emery: $10,000 contribution.
4. Morrison & Foerster
5. Orrick Herrington & Sutcliffe: matching donations, up to $100,000.
6. Sullivan & Cromwell: $100,000 contribution.
7. Weil Gotshal & Manges: $50,000 contribution.
We commend the foregoing firms and their employees for their generosity. If your firm has taken action and isn’t mentioned above, feel free to post a shout-out in the comments.
For those of you who are curious — perhaps your firm would like to start a similar initiative, and you’d like to lift some language for the announcement — the Orrick and Weil memos appear after the jump.