May 7, 2021 at 3:15 PM
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Biglaw firms continue to make progress when it comes to plans for the reopening of their offices and a return to work for attorneys and staff members. Thus far, the majority of firms have aimed for soft openings during the first week of July, and a full return sometime after Labor Day. Yesterday, another firm announced a similar plan, with an interesting twist: lawyers will
not be required to work a certain number of days in the office.
Reed Smith a firm that posted a 5.1% revenue increase in 2020, bringing its total gross to about $1.31 billion has not only announced a return-to-work plan for all of its U.S. offices, but has created a flexible work policy for lawyers and staff on a global basis. The firm will roll out a three-phase reopening that will have everyone ready for office life on September 7, subject to local COVID restrictions.
Billion-Dollar Biglaw Firm Ponies Up Special Bonuses For Hardworking Associates
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January 29, 2021 at 11:56 AM
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Biglaw firms are finally starting to put their money where their mouth is when it comes to diversity and inclusion. At least two firms Dorsey & Whitney in 2019 and Hogan Lovells in 2021 have announced that approved diversity and inclusion-related work will be billable for attorneys and will count toward bonus thresholds. Now, another leading law firm has stepped forward to announce that
all timekeepers, not just lawyers, will be able to receive billable-hours credit for their diversity work. The firm is the first to offer a program like this.
Reed Smith, a firm that came in at #26 in the latest Am Law 100 rankings, announced this new policy earlier this week. Under this new protocol, all timekeepers at the firm will be able to allocate up to 50 hours of work and activities related to its Diversity, Equity, and Inclusion program (DE&I), its Women Initiative Network program (WINRS), and its Racial Equity Action Plan (REAP) as billable time.