Compensation & Benefits

Compensation and Benefits

​Orrick has an elite and pragmatic team of Compensation & Benefits lawyers and legal analysts who are experts in the most important areas of employee benefits law. We are a one-stop destination practice for a wide range of clients, including financial institutions, investment managers and other financial services providers, as well as leading public and private companies. Drawing on our accumulated wealth of knowledge and experience, we partner with our clients to provide comprehensive and sophisticated answers to legal questions varying from the day-to-day to those that are unique and complex. Because of our expertise and experience, we often provide “start-to-finish” employee benefits solutions on a fixed-fee basis. We offer solutions in the following areas:

  • Employee Benefits
  • Global Human Resources
  • Health and Welfare
  • Executive Compensation
  • Global Corporate Solutions
  • ERISA Litigation

Orrick’s Compensation & Benefits Group’s network of U.S. and non-U.S. resources and relationships enables Orrick to provide clients with a complete solution to every project that is timely and within budget.

Our Clients

Our clients include top Fortune 100 corporations, middle-market companies, emerging enterprises, closely held companies, financial institutions, investment banks, tax-exempt entities, company founders, executive and management teams, and public-sector retirement systems.

Chevron Corporation (International). Chevron in its US$17 billion acquisition of Unocal Corporation. The purchase agreement was initially signed in April 2005; however, a competing bid was subsequently made by Chinese National Offshore Oil Corporation (CNOOC). CNOOC eventually withdrew from the bidding, and the purchase by Chevron closed in August 2005. Orrick assisted Chevron in evaluating Unocal's change in control severance plans, its qualified and nonqualified retirement plans, and other related compensation and benefits matters. The Deal profiled Chevron's acquisition of Unocal as one of the "2005 M&A Deals of the Year." The group is continuing to work with Chevron to integrate Unocal's and Chevron's benefits programs.

Cisco Systems, Inc. (International). Cisco in its US$7 billion acquisition of Scientific-Atlanta, Inc., the second-largest acquisition in Cisco's history. Orrick negotiated the compensation and benefits aspects of the merger agreement, provided executive compensation and corporate governance advice to Cisco's board and compensation committee, advised on the defined benefits plan and assisted with the 280G/golden parachute issues. This merger was profiled in The Deal's "2005 M&A Deals of the Year."

Oregon Public Employees Retirement System (United States). Orrick represented the board that governs the Oregon Public Employees Retirement System (OPERS) in two important victories involving approximately US$6 billion in potential liabilities. OPERS members had challenged key aspects of pension reform legislation that was adopted in 2003.

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