Dorsey Caps Partner Draws, Furloughs a Fragment of Its Workforce
The Minneapolis-based law firm said it was also cutting contributions to its employee retirement plans by 33%.
April 08, 2020 at 05:23 PM
2 minute read
Am Law 100 firm Dorsey & Whitney is capping the value of its monthly equity partner distributions and has furloughed less than 4% of its 1,100-plus workforce in response to the economic effects of the COVID-19 pandemic.
The Minneapolis-based law firm said in a statement it is also cutting its contributions to its employees' retirement plans by 33%. And Dorsey has instructed its employees to keep a close track of the amount of money they're spending.
The firm said it will "reevaluate its measures from time-to-time and is intent on limiting disruptions to its workforce as much as possible." These measures were detailed in an internal announcement Monday, the firm said.
At the end of March, Dorsey had 1,186 employees spread across 19 offices, a firm leader said. The firm said it is furloughing employees who cannot work remotely, which is less than 4% of its overall personnel head count—or around 48 employees.
Dorsey saw both revenue and head count growth in 2019, according to preliminary reporting for The American Lawyer's Am Law 100 rankings. The firm's gross revenue rose by 5% last year, from $368 million to $387 million. It added 17 lawyers to its ranks last year, a 3.4% increase.
Dorsey's news come amid a rapid string of Am Law 200 announcements in the last two weeks, including layoffs, furloughs, pay cuts and summer associate suspensions, in response to the economic upheaval during the pandemic.
|Read More:
Pay Cuts, Layoffs, and More: How Law Firms Are Managing the Pandemic
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAs Global Law Firm Mergers Keep Coming, Will There Ever Be a New Swiss Verein?
Topping Big Law, Litigation Firm the Latest to Dole Out Above-Market Bonuses
3 minute readLaw Firms Mentioned
Trending Stories
- 1City Bar Presents Thomas E. Dewey Awards to Outstanding NYC Prosecutors
- 2NC Solicitor General Park Withdraws His 4th Circuit Nomination
- 3Trump-Appointed Judge Presides Over NASCAR Antitrust Dispute Under Case Reassignment
- 4CFPB Orders Big Banks to Limit Overdraft Fees to $5. But Will Its Edict Stick?
- 5FIFA Faces Legal Challenge Over Winning Saudi World Cup Bid
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250