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Wake Up Call: Fried Frank Says Some to Get Cravath-Size Bonus

Nov. 29, 2021, 1:41 PM

In today’s column, Day Pitney dropped out of Remington’s defense team in a Connecticut suit against the gunmaker related to the 2012 Sandy Hook massacre; Alec Baldwin hired a Pillsbury white collar practice co-leader to represent him as he faces lawsuits over his “Rust” shooting accident; as they battle for legal talent, elite London law firms have new appreciation for young social media “lawfluencers.”

  • Leading off, Fried Frank is matching, for some, the year-end bonus scale of $15,000 to $115,000 that Cravath set for its U.S. associates last week and which was matched by three other firms. According to a memo posted by Above the Law, Fried Frank is offering the Cravath-size payouts—a 15% increase from last year’s bonuses—to associates in New York, Washington, and London. The firm says bonuses for special counsel and other attorneys will be decided on an individual basis, while it’s also offering a premium of up to $30,000 for particularly valuable attorneys.(Above The Law)
  • Day Pitney quit the defense team for Remington Arms Company, LLC in the gunmaker’s long legal battle with families of victims of the 2012 Sandy Hook massacre in Newtown, Connecticut. Day Pitney got bad press for its efforts to subpoena school records of five children among 25 people killed Dec. 14, 2012, by Adam Lanza. (Reuters)
  • As elite London law firms struggle to hold onto talent, they’re learning new appreciation for so-called lawfluencers. These are junior lawyers, at firms including Clifford Chance and Linklaters, whose big social media followings can help their firms recruit recent law school graduates. (Financial Times)

Lawyers, Law Firms

  • A GoFundme campaign has raised over a million dollars for Kevin Strickland, who was released from a Missouri prison last week after serving over 40 years for a triple murder he did not commit. Bryan Cave’s representation of Strickland was a highlight in Big Law pro bono efforts to win Thanksgiving releases and exonerations this year. (American Lawyer)
  • Alec Baldwin hired Pillsbury Winthrop partner Aaron Dyer, global co-chair of the firm’s corporate investigations and white collar defense team, to help him face lawsuits stemming from Baldwin’s accidental shooting of a cinematographer on the set of a movie “Rust.” Dyer, a former California federal prosecutor, is also representing Rust Productions LLC, this report says. (Deadline)
  • The American Lawyer announced Kirkland & Ellis, Cooley, Munger Tolles, WilmerHale, Skadden, Paul Weiss, and Gibson Dunn as its litigation department of the year finalists for 2021. (American Lawyer) American Lawyer also announced attorney of the year finalists. (American Lawyer)
  • Swiss banking giant Credit Suisse is getting panned for its decision to reduce work it gives its longtime counsel Allen & Overy because of concerns of potential conflicts and data problems at the firm. (Law.com International ) Prosecutor pay isn’t keeping up with inflation, a study finds. (ABA Journal)

Laterals, Moves, In-house

  • Dechert private equity partner Mark Evans, one of three partners in a team reported in October to be moving to White & Case in London, has now decided to stay put, according to a report. (Global Legal Post) White & Case said it promoted 28 lawyers to “local partner,” a position, offered in certain of the firm’s non-U.S. regions and locations worldwide, that it called “a recognized career step toward admission into firm partnership.” The firm also said it promoted 40 lawyers to counsel across its 29 offices and 12 global practices. (WhiteCase.com)
  • Data intelligence company Morning Consult, recently valued at $1.01 billion, promoted its deputy general counsel David Mitchell to be its first-ever chief legal officer. (Corporate Counsel)

Legal Education

  • Yale Law School’s dean apologized for the school’s handing of a recent email controversy. (Law.com) The University of Connecticut School of Law is launching a Masters of Law program for corporate compliance officers. (Connecticut Law Tribune)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer in New York at copfer@bloomberglaw.com; Darren Bowman at dbowman@bloomberglaw.com

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