Wake Up Call: A&O Says London Associates to Get Bonuses

In today’s column, law firm leaders say the cost savings that helped boost 2020 profits are mostly gone this year; Tesla, whose CEO has had several disputes with the SEC, has hired a former trial attorney at the agency to be its managing counsel; a former Cozen O’Connor attorney agreed to settle SEC insider trader charges.

• Leading off, Allen & Overy said its London-based associates will be eligible for year-end bonuses, as part of the firm’s effort to compete with the local offices of deep-pocketed U.S. Big Law firms. The Lawyer reported today that A&O will offer bonuses to its ...