Wake Up Call: Latham Revenues Rocket 26% to Near $5.5 Billion

In today’s column, Boies Schiller plans to pay federal law clerks a $110,000 signing bonus; online legal technology company LegalZoom.com said its revenues grew 22%; a Crowell partner nominated to a top Treasury post reported $1 million in compensation.

• Leading off, Latham & Watkins’ strong demand growth for all its practices and a record $900 billion-plus in global deal activity propelled gross revenues by 26.7% to about $5.49 billion. Its average profits per equity partner bounded 26.2%, to top $5.7 million. Latham’s headcount rose 7.7% to 3,078 and equity partnership expanded 5% to 550. (American Lawyer)
• Boies Schiller Flexner said it will offer a $110,000 signing bonus to federal law clerks joining the firm in 2021. (American Lawyer)
• Stroock & Stroock & Lavan and Perkins Coie matched the Cravath scale for associate pay, which runs up to $415,000 for the most senior associates. (Above The Law)

Lawyers, Law Firms

• Crowell & Moring white collar, investigations and cybersecurity partner Paul Rosen, a Biden nominee to assistant Treasury secretary for investment security, disclosed earning about $1.018 million in compensation from the firm. He is co-chair of the firm’s national security practice. (National Law Journal)
• Online legal technology company LegalZoom.com Inc., which went public in June 2021, said its revenues grew 22% for the full year. (L.A. Business Journal)
• Akerman and Gibson Dunn & Crutcher were denied about $5 million in attorney fees and costs by a Florida federal judge who faulted their offer of judgment. (Daily Business Review) A former U.K. Gibson Dunn partner lost a High Court appeal of his disbarment. (Global Legal Post)

Laterals, Moves, In-house

• DLA Piper poached corporate partners James Fischer in Short Hills, N.J. and Alexander Meiseles in New York City from Faegre Drinker, where Fischer was corporate group co-chair; Willkie Farr & Gallagher snagged Wilson Sonsini private equity attorney Patrick Sandor as a partner in San Francisco; Barnes & Thornburg recruited Apollo private funds and products counsel Kerry Potter McCormick as a partner in New York; K&L Gates added Michael Best derivatives and cryptocurrency attorney Cheryl Isaac as of counsel in Washington in its asset management and investment funds practice; Cozen O’Connor added three more Miller Thomson capital markets and securities lawyers to its Vancouver, British Columbia, office in Canada. (Cozen.com)
• Winston & Strawn grabbed Jones Day business and tort litigator Christopher Pace, a former Florida federal prosecutor, as a partner in Dallas; Arnold & Porter brought in former Securities and Exchange Commission assistant chief litigation counsel Christian Schultz as a partner in Washington; Ropes & Gray got former SEC regional trial counsel Amy Jane Longo as a partner in Los Angeles; Loeb & Loeb hired commercial litigator Devin Donohue and real estate litigator Thomas Lombardi from Cozen as partners in Los Angeles; product liability litigator Patrick Clyder joined McGuireWoods as a partner in Chicago after 14 years at Swanson, Martin & Bell; Morrison & Foerster picked up London-based EU and U.K. antitrust and competition counsel Marie-Claire Strawbridge from Freshfields as a partner; Womble Bond Dickinson hired former acting South Carolina U.S. Attorney Rhett DeHart as of counsel on its white collar and government investigations team in Charleston, S.C.; Stroock got Weil, Gotshal & Manges transactional tax attorney Gary Silber as a partner in New York. (WombleBon Dickinson.com)
• Automotive assistants software company Cerence Inc. hired Lenovo general counsel for infrastructure solutions and global litigation head Jennifer Salinas, a former Big Law partner, as its new senior vice president and general counsel starting April 4; Warner Chappell Music appointed veteran music and entertainment business in-house leader Peter Rosenthal to the company’s new role of executive vice president, global head of legal and business affairs. (Music Business Worldwide); The nonprofit Juneteenth Foundation named Karim Marshall as its first ever general counsel. (Corporate Counsel); mortgage giant the Federal Home Loan Mortgage Corp., Freddie Mac, named its deputy general counsel Wendell Chambliss to the newly created post of senior vice president and chief diversity and inclusion officer, effective April 11. (Market Watch)