Darcy is the Managing Partner of Tonkon Torp LLP, where she has practiced business law since 1998. Darcy's practice focuses on general business and corporate law.
She works with clients in the insurance and financial services industry on a wide variety of matters, including regulatory compliance, privacy laws, contract drafting, and general corporate matters.
Darcy's practice also emphasizes executive compensation, ERISA, and employee benefits counsel. Darcy has extensive experience in a wide range of employee benefit plans and executive compensation arrangements. She regularly designs and drafts incentive compensation plans, equity-based compensation plans, nonqualified deferred compensation plans, and executive agreements. She provides ongoing legal advice and counsel about the establishment, maintenance, administration, and termination of clients' employee benefit plans.
Among the issues she regularly addresses are concerns and strategies involving tax qualified and non-qualified employee benefit plans, equity based plans, health and welfare plans, and fringe benefit plans.
Darcy advises investment advisors who work with employee benefit plan clients regarding ERISA compliance in a complex and changing regulatory environment. She also advises private investment funds regarding investment of assets held by employee benefit plans.
When compensation and benefits matters are triggered during mergers, acquisitions, divestitures, and other major business transactions, Darcy guides clients in protecting their interests and ensuring the integrity of transactions
Get To Know
Diverse Team Aids Greenbrier in Joint Venture
Tonkon Torp acted as Oregon corporate counsel for its long-term client The Greenbrier Companies, Inc. in finalizing a 50/50 joint venture with Watco Companies, L.L.C. The venture combines the two companies’ railcar repair, refurbishment and maintenance businesses into a new organization, GBW Railcar Services, LLC.
Community Involvement & Activities
2009–Present, Pro Bono Volunteer
Oregon Business & Industry (formerly OBA)
2017–Present, Board of Directors
Oregon Business Association (OBA)
2010–2017, Board of Directors
Campaign for Equal Justice
Advisory Board Member
YWCA of Greater Portland
2011–2014, Board of Directors
Multnomah Bar Association
2010–2013, Board of Directors
Oregon Law Foundation
2006–2009, Board Member
Multnomah Bar Association
National Association of Stock Plan Professionals
Oregon Women Lawyers
Western Pension and Benefits Conference
2020 List for Best Lawyers in America® Includes 48 Tonkon Torp Attorneys
Darcy Norville Recognized as One of Portland’s Women of Influence
Tonkon Torp Sponsors 28th Annual CEJ Awards Luncheon
Best Lawyers in America® Names 51 Tonkon Torp Attorneys to 2019 List
Tonkon Torp Sponsors 27th Annual CEJ Awards Luncheon
Best Lawyers in America® Names 49 Tonkon Torp Attorneys to 2018 List
Darcy Norville Joins Board of Directors of the Campaign for Equal Justice
Darcy Norville Shares Her Path to Managing Partner
Financial Service Attorneys Explain Fiduciary Rule Updates for GPCA
Best Lawyers in America® Names 44 Tonkon Torp Attorneys to 2017 List
The Fleischer Case: IRS Challenges Ahead for Insurance Producers?
DOL Major Changes to Fiduciary Investment Adviser Definition and Prohibited Transaction Exemptions - Part 3
DOL Major Changes to Fiduciary Investment Adviser Definition and Prohibited Transaction Exemptions - Part 2
Major Changes to DOL Fiduciary Investment Adviser Definition and Prohibited Transaction Exemptions
IRS Modifies "Use-it-or Lose-it" Rule for Health Flexible Spending Accounts
ACA Employer Mandate and Reporting Requirements Delayed
What Employers Can Learn from Petraeus's Downfall
Sick Times in Seattle: A New Ordinance Provides Generous Leave for Seattle Employees
IRS Issues Guidance on $2,500 Health Flexible Spending Account Limit
JOBS Act Directs SEC to Lift Ban on General Solicitation and General Advertising in Rule 506 Offerings
Publications & Presentations
"The Path to the Top," Women in the Law Distinguished Speaker Program, Lewis & Clark Law School, March 2017
"Department of Labor Fiduciary Rule Overview," Greater Portland Compliance Association, September 2016
"Health Care Reform," Cascade Employers Association, March 2013