Canadian firm BLG acquires asset management specialist AUM Law
10 May 2021
Deal will boost firm s regulatory and compliance offering to the investment industry
Toronto, Canada Shutterstock Toronto-headquartered Borden Ladner Gervais (BLG) has acquired specialist Canadian asset management legal advisory and compliance firm AUM Law to further expand its investment industry coverage. AUM Law was founded in 2009 to coincide with the introduction of the Canadian Securities Administrators cross-Canada registration regime, providing asset management firms with regulatory and compliance support for a fixed-fee. The terms of the deal were not disclosed. John Murphy, national managing partner and CEO of BLG, said: “Our clients rely on us to stay ahead of change and help them navigate the complex business landscape. This acquisition, which is the first of note in our sector in several years, is evidence of our commitment to embrace innovation to transform the practice of law and brin
April 26, 2021 at 12:47 PM
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In case you’ve been too busy billing to realize, Thompson & Knight has been in the news recently. The firm is reportedly considering a merger with Holland & Knight. The combined firm would have nearly 1,600 lawyers across 30 offices, making it one of the largest law firms in the country. The potential merger is one of the largest announced in 2021 yet.
Holland & Knight, the firm’s prospective merger partner, announced special bonuses last week, and so did Thompson & Knight, which ranked 141st on the Am Law 200 with $217,856,000 gross revenue in 2019.
The firm, which “has always punched above its weight in quality and still does,” matched the bonus scale set by Davis Polk in March. Special bonuses will be available for eligible U.S. associates, and will be in addition to the firm’s annual bonuses that will be paid in March 2022. Here’s what the bonus scale looks like:
$12,000
To be eligible for the bonuses, associates have to be on track to bill 1,900 hours (which includes pro bono and other approved non-client hours), with the opportunity to make up a missed first payment if an associates’ hours pick up in the second half of the year.
According to tipsters at the firm, associates are happy with the largesse, saying:
Associates are thrilled that the firm is keeping compensation competitive with market leaders.
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.
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