Jones Day

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Jones Day
Jones Day Logo 1.svg
No. of offices44
No. of attorneys2,501
Major practice areasFull Service
Revenue$1.98 billion (2016)
Date founded1893; 125 years ago (1893) (as Blandin & Rice)
Cleveland, Ohio, U.S.
Company typeGeneral partnership[1]
SloganOne Firm Worldwide
Websitejonesday.com

Jones Day, known as Jones, Day, Reavis & Pogue from 1974–2003,[2] is an international law firm based in the United States. It is the largest law firm in the United States[3] and one of the ten largest law firms in the world.[4] Jones Day is one of the most recognizable and prestigious law firms in the world, ranking first in the 2017 U.S. Law Firm Brand Index 2017.

Jones Day provides significant legal representation for over half of the Fortune 500, including General Motors, Goldman Sachs and Verizon.[5] First-year associates have a starting salary of 190,000 USD.

History[edit]

Jones Day was founded as Blandin & Rice in 1893 by two partners, Edwin J. Blandin and William Lowe Rice, in Cleveland, Ohio.[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[edit]

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.[citation needed]

Recent years[edit]

Jones Day offices in Washington, D.C.

As of 2013, Jones Day was the largest American law firm, with more than 2,400 lawyers and 800 partners.[14]

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.[15][16] At least 14 Jones Day attorneys have been appointed to work for the Trump administration as of March 2017.[10]

Compensation[edit]

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.[17] 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.[17] 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.[17] 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.[18]

Notable people[edit]

Notable alumni of the firm include:

References[edit]

  1. ^ Jones Day Amicus Brief at EFF.org
  2. ^ "Jones Day officially shortens name of firm". Jones Day. January 30, 2003. Retrieved August 2, 2018.
  3. ^ Simpson, Jake (30 March 2016). "Law360 Reveals 400 Largest US Firms". Law360.com. New York: Portfolio Media, Inc. Retrieved 11 April 2016.
  4. ^ Seth, Shobhit (7 January 2015). "World's Top 10 Law Firms". Investopedia.com. Retrieved 28 August 2015.
  5. ^ "Jones Day | Client List". www.jonesday.com. Retrieved 2017-05-05.
  6. ^ Reed, George Irving (1897). Bench and Bar of Ohio: A Compendium of History and Biography. Vol. 2. Chicago: Century Publishing and Engraving Co. pp. 222–223.; Cho, Janet H. (January 19, 2016). "Jones Day names Heather Lennox its Cleveland Partner-in-Charge, 1st woman in that role". The Plain Dealer. Retrieved May 6, 2016.
  7. ^ a b c d "F. H. Ginn, 69, Lawyer, Arts Patron, Dies". The Plain Dealer. February 7, 1938. p. 4.
  8. ^ "William L. Rice Murdered". The New York Times. August 6, 1910. p. 1. Retrieved May 6, 2016.
  9. ^ "Law Firms Will Merge". The Plain Dealer. January 27, 1912. p. 14.
  10. ^ a b "Donald Trump's Favorite Law Firm". Bloomberg.com. 2017-03-16. Retrieved 2017-03-31.
  11. ^ "Form New Law Firm". The Plain Dealer. November 18, 1938. p. A12.
  12. ^ Djordjevich, Vera (2007). Vault Guide to the Top Washington, D.C. Law Firms 2008. New York: Vault Reports Inc. p. 122. ISBN 9781581315011.
  13. ^ "George C. Neale Dies; Law Firm Founder". The Plain Dealer. May 13, 1971. p. B2.
  14. ^ "America's legal industry: The case against clones". Economist.com. 2 February 2013. Retrieved 28 August 2015.
  15. ^ Costa, Robert; Kane, Paul (2016-03-19). "Trump to huddle with influential Republicans in D.C. ahead of AIPAC speech". The Washington Post. ISSN 0190-8286. Retrieved 2016-03-21.
  16. ^ "Trump Names White House Counsel as Potential Conflicts Loom". Bloomberg.com/politics. 2016-11-25. Retrieved 2016-11-30.
  17. ^ a b c "Jones Day | Associates". www.jonesday.com. Retrieved 2016-06-30.
  18. ^ "'The Jig Is Up' — Opening Up Jones Day's Black Box". Retrieved 2016-06-30.
  19. ^ "High-ranking Cook County prosecutor resigns after inquiry into case referrals to former employer". Chicago Tribune. December 15, 2017. Retrieved December 16, 2017.
  20. ^ "Cook County's top civil attorney Chaka Patterson resigns". Chicago Sun-Times. December 15, 2017. Retrieved December 16, 2017.
  21. ^ "Top Kim Foxx aide resigns amid investigation". WFLD. December 15, 2017. Retrieved December 16, 2017.

External links[edit]