Silver Circle Firm Enters The Bonus Game, But Special Bonuses Seem To Be Missing

Biglaw bonus season is getting into full swing, and even Magic Circle firms with U.S. offices have gotten on board. Thus far, Clifford Chance and Freshfields have announced market year-end bonuses for their associates, and both firms have announced that they’d also be offering associates the prevailing special bonus rate of up to $40,000 on top of their regular bonuses. Allen & Overy and Linklaters have yet to enter the bonus scene, but a Silver Circle firm has decided to step into the bonus frenzy in their absence.

Ashurst, a global firm with 27 offices in 15 countries and about 1,600 lawyers, has matched the Baker McKenzie bonus scale for its U.S. associates. Why aren’t we calling this a Cravath match? Because just like Baker, Ashurst isn’t including any special bonuses with its year-end bonuses (yet). Here’s the bonus scale for U.S. associates:

Don’t get too excited about the firm’s relatively low billable hours requirement of 1900 hours. That’s what’s required for associates to receive just a fraction of this year’s bonus pool. Check out Ashurst’s tiered hours requirements for bonus eligibility:

Sources say the firm hasn’t offered any extraordinary performance bonuses for those who have billed more than 2200 hours, and they’re unsure if the firm will offer the special bonuses that have been matched by Clifford Chance and Freshfields.

Congratulations to Ashurst associates on their year-end bonus haul if they’ve billed enough to get it in full. Hopefully the firm will borrow some magic from its U.K. Biglaw brethren to summon those special bonus bucks.

Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Trump Bringing Back Firing Squads… Maybe Not A Terrible Idea?

Many years later, as he faced the firing squad, Colonel Aureliano Buendía was to remember that distant afternoon when his father took him to discover ice. — Gabriel García Márquez

Firing squads feel like a relic, reserved for nations with histories pockmarked by military juntas. But death by firing squad is still kicking around within the United States where Oklahoma still deploys the punishment, while Utah still has a few more prisoners to execute before its ban on the punishment ends the practice there. And now the Trump Justice Department is racing in its final weeks to approve a new rule that would give federal authorities access to firing squads as a means of execution.

Most media outlets reported this over the holiday with deliberately shock-inducing headlines. That the administration is pursuing this rule on a fast-track and curtailing the usual comment period only added to the alarm. Is Trump making a final push to align his regime with the tinpot dictators of the past who would line the original “#resistance” up against a brick wall with a blindfold and a cigarette? After failing to make the trains run on time, the reasoning goes, this could be Trump offering to do the very least he can to enshrine his admiration for anti-democratic forces in the Federal Register.

But… maybe this isn’t actually a terrible idea?

Firing squads are symbolic of brutality in an American imagination that sees lethal injections as the “nice” way for the state to kill people. But folks are increasingly waking up to the reality that the cheap drugs that governments use in lethal injections result in horrifically cruel ordeals for the prisoner and have resulted in botched executions where the condemned struggles in wordless agony for an eternity as executioners scramble to figure out how they screwed up.

In an opinion dissenting from the denial of cert, Justice Sotomayor expressed willingness to hear from a prisoner who wished to avoid lethal injection in favor of firing squad. At the time, she noted that, based on the evidence, firing squads sounded like a superior method of execution:

As an alternative to death by midazolam, Thomas Arthur has proposed death by firing squad. Some might find this choice regressive, but the available evidence suggests “that a competently performed shooting may cause nearly instant death.” Denno, Is Electrocution An Unconstitutional Method of Execution? The Engineering of Death Over the Century, 35 Wm. & Mary L. Rev. 551, 688 (1994). In addition to being near instant, death by shooting may also be comparatively painless. See Banner, supra, at 203. And historically, the firing squad has yielded significantly fewer botched executions. See A. Sarat, Gruesome Spectacles: Botched Executions and America’s Death Penalty, App. A, p. 177 (2014) (calculating that while 7.12% of the 1,054 executions by lethal injection between 1900 and 2010 were “botched,” none of the 34 executions by firing squad had been).

Not that the Bill Barr Justice Department is acting with the pure intention of realizing Justice Sotomayor’s vision of the Eighth Amendment here. Lethal injection drugs are growing scarce as manufacturers, to borrow from Justice Blackmon, wish to “no longer shall tinker with the machinery of death.” The proposed rule seeks to bring back the electric chair too. The new rule is less an effort to bring a modicum of humanity to the death penalty than an effort to award the federal government with a grab bag of cost-effective mechanisms for state-sponsored killing. “Drugs gotten too expense? Have you considered the Iron Maiden?”

But even though the intentions behind this rule are garbage and the fact that the Biden administration’s seeming commitment to avoid pursuing death sentences altogether may render this rule moot — at least for four years — America needs to have a serious talk about why it viscerally recoils from the method of execution that’s more reliable and instantaneous in favor of ones that, well, aren’t.

Perhaps it’s just that the optics appear too fascist for American sensibilities. That could be an encouraging statement about the state of the country’s democratic institutions and it’s nice to look at glasses as half-full. But in the grand scheme of things, if the hangup is that the imagery of the state aiming rifles is materially worse than the state standing behind a one-way mirror, it’s possible that those institutions may already be wearing a bit thin.

Trump Races to Weaken Environmental and Worker Protections, and Implement Other Last-Minute Policies, Before Jan. 20 [Pro Publica]


HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

Golf Goes Global

Top 50 Am Law Firm Announces Generous Bonuses For Associates

We hope you had a happy Thanksgiving. While associates at some Biglaw firms were enjoying their socially distanced feasts, they had something to be extra thankful for: up to six figures of bonus bucks soon to be deposited into their accounts.

One of the firms that made associates happy is Proskauer Rose, which recently came in at No. 41 in the Am Law 100 rankings, having raked in $1,004,942,000 gross revenue in 2019. On the day before the holiday, the firm announced that it would be matching the prevailing market bonuses (i.e., the Baker McKenzie year-end bonuses that were later adopted by Cravath, plus the Davis Polk special bonuses that were also adopted by Cravath).

Here’s what Proskauer’s 2020 bonus scale looks like:

Not everyone will be receiving these bonuses, though. The file name on the firm’s PDF is “2020 Bonus – BN,CH,LA,NY,DC.” Associates working at the firm’s Boston, Chicago, Los Angeles, New York, and D.C. offices will get the full scale bonuses, while those in the New Orleans and Boca Raton offices will receive bonuses on reduced scales. Bonuses for associates beyond the class of 2012 will be individualized.

All bonuses will be paid out to associates on December 22. Congratulations!

(Flip to the next page to see the full Proskauer bonus memo.)

Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Morning Docket: 11.30.20

* A new lawsuit alleges that a beer manufacturer falsely claimed its brew was made in Mexico instead of Holland. Would be amazing if free beer is part of any settlement… [Fox Business]

* Carter Page has filed a lawsuit against the FBI and others for allegedly illicit surveillance during the Russia investigation. [USA Today]

* The legal challenges facing the Attorney General of Texas may impede the state’s antitrust claims against Google. [Wall Street Journal]

* A man sought in the slaying of an Illinois lawyer is on the FBI’s Most Wanted List. [Fox News]

* Since Above the Law hasn’t had a “Lawyerly Lairs” feature in a while, wanted to share that a top Las Vegas attorney has placed his multimillion-dollar mansion on the market. [Review-Journal]


Jordan Rothman is a partner of The Rothman Law Firm, a full-service New York and New Jersey law firm. He is also the founder of Student Debt Diaries, a website discussing how he paid off his student loans. You can reach Jordan through email at jordan@rothmanlawyer.com.

Stand up to corruption, Zimra commissioner general urges – The Zimbabwean

“Let’s stand up to corruption. Police are not supposed to demand customs clearance documents,” she said.

She was responding to a suggestion put to her at the Institute of Chartered Secretaries and Administrators in Zimbabwe annual conference dinner on Thursday in Nyanga.

It had been suggested that Zimra train police on customs clearance documents as it often happened that clearance would be obtained from the customs department at the border but police would later stop the vehicle in which the cleared goods were, demand to see the clearance documents and then insist they were  not in order.

Ms Mazani said Zimra would not train police on customs documents as it was not their business to deal with customs clearance documents and they were not supposed to demand them.

She said police could investigate if they suspected customs officials had committed an offence but she suggested that most people knew why police officers demanded such documents, implying it was to solicit a bribe.

They should stand up to such policemen. Unless people were bold enough to stand up against corruption, nothing would change, she said.

If Zimra staff were doing what they were not supposed to do, this should be reported to their superior or could even be reported directly to her, she said.

“Let’s fight corruption together,” she implored.

After highlighting the legal obligation of those receiving payment in foreign currency to issue foreign currency invoices and receipts and pay the tax on the transaction in foreign currency, she said fighting underhand dealings such as tax evasion and avoidance as well as corruption called for unity of purpose.

She told conference participants that they were strategically positioned to “perpetuate Zimra’s zero tolerance of corruption by condemning, not condoning the vice”.

“This nation is being driven by domestic resources. Therefore your role in accounting and administering taxes is critically important to the building of Zimbabwe,” she said.

Post published in: Business

Gender equality well earned during war – The Zimbabwean

She was officially opening the annual conference in Nyanga of the Institute of Chartered Secretaries and Administrators in Zimbabwe and delivering the keynote speech.

She said the country’s Constitution, which requires the state to take measures to ensure that both genders are equally represented in all government institutions and agencies, reflects and honours the nation’s recent history as the product of an armed national liberation struggle.

“I took part in the struggle together with many other youthful women and young girls.
We fought an asymmetrical war pitting the population against a well-armed minority.

“To win we had to organise everyone into a people’s war. It spared no-one as we strove for victory. Women had to equally participate side by side with their men to offset the enemy’s technological edge.

“This gender equality should never be construed as an act of charity. That is why the revolutionary constitution of 1980 was founded on the bedrock of gender parity. Since then, as women, we never looked back,” she said.

“Feudal bandage of male patriarchy was done away with. No longer does a woman need her father, brother or husband to be given majority status. She now enjoys full rights without any hindrance of male sanction,” she said.

She pointed out that soon after independence education opportunities were expanded. Rural folk built classrooms for free to be rewarded with teachers from central government. As classes were opened, the girl child was accorded equal access.

“This explains the 96% literacy rating by Unesco in a nation where women outnumber men,” she said.

“From my vantage point of a female combatant of the Chimurenga national liberation struggle, I am really impressed. Zimbabwe women have more than delivered in the last four decades of freedom and independence.

“The most outstanding is the farming domain for a nation that is still dependent on agriculture,” she said.

She said the majority of the 200 000 leaf tobacco farmers registered with the Tobacco Marketing Board were women, who, unlike their male counterparts, were prone to spending their hard earned money on the welfare of their family. The end result was rising levels of rural prosperity.

“When Air Zimbabwe pioneered Africa’s commercial flights to China our women seized commercial opportunities with Guangzhou,” she said, adding that many of them built their own new homes in growing towns and cities.

Zimbabwean nurses were in demand in the United Kingdom, Dubai and elsewhere. Other countries in the region welcomed Zimbabwean teachers, with women prominent among them.

“Zimbabwe women have boldly ventured into mining especially chrome and gold as our bountiful mineral resources are reclaimed for the majority.

“All these are shining cases of women breaking through the gender glass ceiling of opportunities.

“Even then we have not yet fully attained our pinnacle. Still more needs to done and we will do it,” she said to enthusiastic applause form delegates.

She said President Emmerson Mnangagwa had described the Second Republic as a republic of rights, peace, love harmony, dialogue, inclusive development that leaves no-one behind and where the democratic principles of transparency, accountability, good governance, rule of law and constitutionalism, for which the country’s heroes fought, must be consolidated and entrenched.

She said that since June there had been remarkable price and currency stability, courtesy of statutory instruments that helped restore the authority of the Reserve Bank as the sole monetary authority in the land.

“Two major private players, the Zimbabwe Stock Exchange and the Ecocash Mobile Platform, were stripped of their self-assumed role of printing money and driving hyperinflation.

“The result is that both the public and the business community now enjoy a new confidence as the national currency is maintaining value. Wages can now maintain purchasing power. Companies can now plan with a measure of certainty,” she said, adding that annual reports were painting a bullish picture of economic activity.

“Petrol queues have disappeared as the fossil fuel sector is opened up to competition.  Load‑shedding is giving way to a reliable electricity supply.  This is owed to the new Kariba South hydroelectric power station as well as growth in coal mining.

“New thermal power stations are being erected. Soon Zimbabwe will generate 5 000kwh of electricity leading to exports to the region.

“The agricultural sector has rebounded. We have trebled winter wheat production from 45 000 tonnes to 150 000 tonnes, leading to cutting of imports and savings in foreign currency.

The newly introduced climate proofed agriculture Pfumvudza initiative is poised to deliver food security to households. Commercial agriculture is on the rebound. Horticulture exports are back and growing.

“Capital expenditure is rising. Production is up and the job market is beginning to firm up. Indeed you as corporate secretaries attest to this in the annual reports of the last quarter of 2020.

“All in all, there is a new “can do” mood among Zimbabweans. Confidence is back. The Second Republic of President Mnangagwa is delivering on the promise of prosperity.

“This is the new socio-economic mood that is gripping the nation. No more despondency. Your theme is `Transforming Governance and Accounting in the New Normal: A Call to Action`.
These are sprouting shoots of a new and dynamic economy which Zimbabweans have longed for.

“Our economy is on the verge of a major take-off. We have the bountiful mineral resources. There are fertile and well-watered soils that germinate every type of seed. We have great tourist attractions starting with the spectacular Victoria Falls.

“To top it all is a well-educated, organised and hardworking population. Our state is solid and the political stability is tried and proven.

“We enjoy a perfect geographical location as Africa lowers trade barriers into the Africa Free Trade Area. We are sharpening our investment attraction environment to both domestic and foreign entrepreneurs hence the mantra Zimbabwe is open for business.

“That is why we are improving on the World Bank’s business friendly index. There is ZIDA and also the Victoria Falls Stock Exchange.

“The requisite ingredient is a proper and fair corporate governance climate that ensures that capital and risk are rightly rewarded. This will engender sustained growth,” she said.

“Vision 2030 lies with none but ourselves as Zimbabweans,” she said.

She said the Second Republic of President Emmerson Mnangagwa is ushering in a period of sustained double digit GDP growth.

“Watch this space,” she said. “The world will be soon be mesmerised by a new wonder beyond the majestic Victoria Falls. Zimbabwe is poised to become a new Singapore-type economy.

“The well-educated, enterprising, hard-working Zimbo woman will be right there to play her fulsome part in the bonanza of economic prosperity,” she said.

“The challenge is to build upon these historical gains. In particular we need to   encourage the study of STEM subjects by the girl child. This deepens our pool of productive knowledge while opening equal employment opportunities to women.

“It must be noted that the Happiness Index is highest in those Nordic nation societies that have attained gender parity. So breaking the gender glass ceiling to women is the right and only way to go,” she said.

Post published in: Featured

Parliament Invites Expressions of Interest in a Consultancy – The Zimbabwean

DEVELOPMENT OF A FIVE-YEAR STRATEGIC PLAN FOR THE
AFRICAN PARLIAMENTARY NETWORK AGAINST CORRUPTION (APNAC) ZIMBABWE

The Parliament of Zimbabwe has republished its invitation for qualified consultants to submit Expressions of Interest in providing the above consultancy services.

The deadline for submission of Expression of Interest (EOI), CV and copies of educational certificates, is no later than Monday 7th December 2020 at 10:30 am (local time).

APNAC Zimbabwe was established to strengthen parliamentary capacity to fight corruption and promote good governance.

The overall objective of this consultancy is to conduct background assessments and facilitate the development of a comprehensive 5-year Strategic Plan for the period 2021-2025 to ensure that APNAC fulfils its mandate.

For more information

The complete invitation is available on the Veritas website [link].  It provides full information on the background to the invitation, the nature of the services required and  how to submit applications.

Veritas makes every effort to ensure reliable information, but cannot take legal responsibility for information supplied.

Post published in: Featured

Zimbabwe: Life After Mugabe – The Zimbabwean

After the coup, the Mnangagwa administration came to power and in a bid to differentiate themselves from Mugabe, the government pledged towards stabilizing the economy and ensuring democratic political processes. However, Zimbabwe is currently experiencing a rife economic crisis characterized by high inflation, food insecurity and rampant unemployment. The hardships have intensified under the pressures of the pandemic.

The deteriorating economy underpins the plethora of concerns regarding the situation in Zimbabwe. The hyperinflation can be traced back to the adoption of U.S. currency in 2009 which led the country to be vulnerable to international influences. After the Mnangagwa takeover, there were major cuts on government spending and austerity measures created financial hardship on the public. Currently, the inflation rate is at 800%, where more than 70% of the populous experience poverty. According to economist Victor Bhoroma, “The employment council points over 1.2 million formal jobs have been lost in the last 18 months.” The economic hardship is starkly reminiscent of the lives of Zimbabweans under the rule of Mugabe, thereby deeply undermining the confidence of the Mnangagwa administration.

Similarly, food insecurity and the lack of access to clean, drinking water is an extreme problem Zimbabwean society is facing. Last December, the World Food Programme stated 7.7 million people were food insecure. The situation has progressively worsened as a result of natural droughts, which have dried up the water reservoirs. The desperate search for water has led to thousands being forced to drink sewage water for survival. Moreover, during this crisis, women and young girls are most at risk as there have been reports of abuse at water boreholes. The lack of access to water and regulation by government officials has led to people staking claim over the water pumps, where they demand money or sexual favours for water.

Furthermore, pregnant women are forced to pay bribes to health staff to deliver their babies. The lack of funding and infrastructure has created an environment susceptible to corruption. The healthcare system has further deteriorated under the pressures of COVID-19 and according to the Zimbabwe Demographic Health Survey (ZDHS 2015) the estimated maternal mortality ratio (MMR) for Zimbabwe is 651 deaths per 100,000 live births. The right to healthcare is enshrined in the constitution of Zimbabwe which has led women launching a case to the city authorities to reopen medical clinics. The corruption and violation of rights exposes the weaknesses in the infrastructure of Zimbabwe. More significantly, however, it denotes the limits of the Mnangagwa administration to uphold their promises of safeguarding civil liberties for Zimbabwe.

Notwithstanding Mnangagwa’s efforts to differentiate itself from Mugabe, the political policies and actions regarding human rights of the populace has not seen substantial change. The undermining of liberty and freedom remain bound in legislation through the Access to Information and Protection of Privacy Act (AIPPA), in which freedom of press and speech are restricted. Moreover, despite, Mnangagwa committing to international re-engagement, there has been little engagement with the international community. Specifically, the United States and the European Union and other international bodies have criticized Mnangagwa for human rights abuses, however, all allegations have been denied.

For the people experiencing hardship in Zimbabwe, it is hard not to be sceptical. According to Chivedede, a resident of Zimbabwe, “I have not seen any change since Mnangagwa took over. In fact, things have gotten worse.” Hence, it is evident that despite promises of democracy and political and economic prosperity, there has been little in the way of tangible change for the lives of the people in Zimbabwe. However, in early August the U.S. Treasury imposed sanctions on Kudakwashe Tagwirei, a wealthy business ally of Mnangagwa. Thereby, in the wake of economic downturn, the sanctions signify that international loans may be dependent on tackling corruption present in the governance which may incite change for the betterment of the people of Zimbabwe.

Post published in: Featured

Rescuers Search for 30 Trapped Miners in Zimbabwe – The Zimbabwean

28.11.2020 14:06

Rescuers are trying to reach at least 30 miners in Zimbabwe trapped underground after a shaft in an outdated gold mine collapsed.

Relatives of trapped gold miners await news and watch the progress of rescue workers Ran Mine in Bindura, Zimbabwe, on Nov. 26, 2020.

Relatives of those trapped have been holding vigil since late Wednesday, when the accident occurred in the town of Bindura, well north of the capital, Harare.

The French news agency Agence France-Presse reports the head of Zimbabwe’s miners’ federation, Wellington Takavarasha, said Thursday that six people have been rescued.

Miners who are part of small-scale operations are said to work in unauthorized settings to avoid selling their gold to a state-owned buyer and receiving a reduced amount of foreign currency.

Gold mining accounts for 60% of the foreign currency coming into Zimbabwe.

Post published in: Featured