Jones Day

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Jones Day
Image:Jones Day Logo 1.png
Headquarters Cleveland (Ohio)
Number of Offices 43
Offices Atlanta (Georgia)
Boston (MA)
Chicago (IL)
Cleveland (OH)
Columbus (OH)
Dallas (TX)
Detroit (MI)
Houston (TX)
Irvine (CA)
Los Angeles (CA)
Miami (FL)
Minneapolis (MN)
New York (NY)
Pittsburgh (PA)
San Diego (CA)
San Francisco (CA)
Silicon Valley (CA)
Washington (DC)
Number of attorneys 2,500
Practice Areas General Practice
Established 1893
Key People Stephen J. Brogan (managing partner)
Annual Revenue $1980 million
Annual Profit Per Equity Partner $2000 million
Minimum Billable Hours 2000 hours
Website www.jonesday.com
Jones Day Pay Scale
(all numbers in thousands of dollars)
First year salary180
Second year salary190
Third year salary215
Fourth year salary260
Fifth year salary300
Sixth year salary350
Seventh year salary400
Eighth year salary
Ninth year salary
Tenth year salary
bonus
bonus
bonus
bonus
bonus
bonus
bonus
bonus
bonus
bonus


Jones Day is an international law firm based in the United States. It is the largest law firm in the United States[1] and one of the ten largest law firms in the world.[2] Jones Day is recognized as one of the most elite law firms in the world, ranking 1st in the U.S. Law Firm Brand Index 2017.[3]

Jones Day provides significant legal representation for over half of the Fortune 500, including General Motors, Goldman Sachs, and Verizon Communications.[4]

History

Jones Day was founded as Blandin & Rice in 1893 by two partners, Edwin J. Blandin and William Lowe Rice, in Cleveland, Ohio.[5][6] Frank Ginn joined the firm in 1899, and it changed its name to Blandin, Rice & Ginn.[7] Rice was murdered in August 1910,[8] and in 1912 Thomas H. Hogsett joined the firm as partner.[7] The firm became Blandin, Hogsett & Ginn that year,[9] and Tolles, Hogsett, Ginn & Morley a year later after the retirement of Judge Blandin and the addition of partners Sheldon H. Tolles and John C. Morley.[7] After Morley retired in 1928, the firm adopted the name Tolles, Hogsett & Ginn.[7]

In its early years, the firm was known for representing major industries in the Cleveland area, including Standard Oil and several railroad and utility companies.[10]

In November 1938, then-managing partner Thomas Jones led the merger of Tolles, Hogsett & Ginn with litigation-focused firm Day, Young, Veach & LeFever to create Jones, Day, Cockley & Reavis. The merger was effective January 1, 1939.[11] The firm's Washington, D.C. office was opened in 1946, becoming the firm's first office outside Ohio.[12] In 1967, the firm merged with D.C. firm Pogue & Neal to become Jones, Day, Reavis & Pogue.[13]

International expansion

The international expansion of Jones Day began in 1986 when the firm merged with boutique law firm Surrey & Morse, a firm of 75 attorneys with international offices in New York City, Paris, London, and Washington, D.C. The following years the firm expanded to Hong Kong, Brussels, Tokyo, Taipei, and Frankfurt.

Recent years

In August 2008, Jones Day filed a lawsuit[14] against Blockshopper LLC for service mark infringement, service mark dilution, false designation of origin, and deceptive trade practices. In February 2009, Blockshopper LLC and Jones Day settled the case, allowing Blockshopper LLC to continue to cover Jones Day attorneys and embed deep links to Jones Day attorney profiles on non-Jones Day owned sites. The case was seen by some as an abuse of trademark law and potentially harmful to the concept of linking.[15]

As of 2013, Jones Day was the largest American law firm, with more than 2,400 lawyers and 800 partners.[16]

Jones Day partner Don McGahn, who was previously a member of the Federal Election Commission, served as counsel for the 2016 Donald Trump presidential campaign and was later nominated to serve as Trump's White House Counsel.[17][18] At least 14 Jones Day attorneys have been appointed to work for the Trump administration as of March 2017.[10]

Compensation

Jones Day prides itself on its compensation structure. Unlike many of its peer firms, Jones Day does not pay a year-end or mid-year bonus and instead compensates associates entirely with salary.[19] Salaries are not public and salaries are not determined by class-year. Instead, the firm compensates each associate (after their first year) differently based on the quality of their work and jurisdiction.[20] The firm has long claimed that this "black box" compensation system breeds collegiality and that its associates—even though they are not paid a bonus—generally earn the same as or more than associates at other major firms.[21] However, associates have claimed that they are under-compensated, sometimes by tens of thousands of dollars, compared to their peers at other firms and that their compensation is much lower than what they were promised when they interviewed.[22]

Notable people

Notable alumni of the firm include:

References

  1. https://www.law360.com/articles/777439/the-law360-400
  2. http://www.investopedia.com/articles/personal-finance/010715/worlds-top-10-law-firms.asp
  3. https://www.acritas.com/jones-day-number-one-law-firm-brand-acritas-2017-us-law-firm-brand-index
  4. url=http://www.jonesday.com/principlesandvalues/clientlist/
  5. Bench and Bar of Ohio: A Compendium of History and Biography. Vol. 2, Chicago, Century Publishing and Engraving Co., pages 222-223
  6. Jones Day names Heather Lennox its Cleveland Partner-in-Charge, 1st woman in that role, The Plain Dealer, January 19, 2016, http://www.cleveland.com/business/index.ssf/2016/01/jones_day_names_heather_lennox.html
  7. 7.0 7.1 7.2 7.3 F. H. Ginn, 69, Lawyer, Arts Patron, Dies, The Plain Dealer, February 7, 1938, page 4
  8. William L. Rice Murdered, The New York Times, August 6, 1910, page 1, http://timesmachine.nytimes.com/timesmachine/1910/08/06/104945805.html?pageNumber=1
  9. Law Firms Will Merge, The Plain Dealer, January 27, 1912, page 14
  10. 10.0 10.1 https://www.bloomberg.com/news/articles/2017-03-16/donald-trump-s-favorite-law-firm, 2017-03-16
  11. Form New Law Firm, The Plain Dealer, November 18, 1938, page A12
  12. Djordjevich, Vera, Vault Guide to the Top Washington, D.C. Law Firms 2008, New York, Vault Reports Inc., 2007, https://books.google.com/books?id=_lJJLeNY_C0C&printsec=frontcover#v=onepage&q&f=false, page 122
  13. George C. Neale Dies; Law Firm Founder, The Plain Dealer, May 13, 1971 page B2
  14. http://www.citmedialaw.org/sites/citmedialaw.org/files/COMPLAINT.pdf
  15. http://www.slate.com/id/2210636, Linked Out, Davis, Wendy, 2009-02-12
  16. https://www.economist.com/news/business/21571132-lawsuit-could-lead-more-competition-and-more-choice-case-against-clones, America’s legal industry: The case against clones
  17. https://www.washingtonpost.com/news/post-politics/wp/2016/03/19/trump-to-huddle-with-top-republicans-ahead-of-aipac-speech/, Trump to huddle with influential Republicans in D.C. ahead of AIPAC speech
  18. https://www.bloomberg.com/politics/articles/2016-11-25/trump-said-to-name-mcfarland-as-deputy-national-security-adviser, Trump Names White House Counsel as Potential Conflicts Loom
  19. http://www.jonesday.com/principlesandvalues/associates/
  20. http://www.jonesday.com/principlesandvalues/associates/
  21. http://www.jonesday.com/principlesandvalues/associates/
  22. http://abovethelaw.com/2016/06/the-jig-is-up-opening-up-jones-days-black-box/?rf=1