Services & Industries
J.D., University of California, Berkeley, School of Law, 1984
B.A., Political Science, California State University at Chico, 1980
Bar & Court Admissions
Oregon State Bar
State Bar of California, Inactive
Washington State Bar Association, Inactive
United States District Court, District of Oregon
Ninth Circuit Court of Appeals
United States District Court, Western District of Washington
During her impressive tenure at Tonkon Torp, Darcy was the first female attorney to serve as firm Managing Partner, during which time she helped kick-start and modernize the firm’s Diversity, Equity, & Inclusion efforts, launched a successful firm-wide rebrand, and developed a vital new strategic plan to guide the firm’s future development. Darcy’s practice focused on general business and corporate law. She worked 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 emphasized executive compensation, ERISA, and employee benefits counsel.
Sale of Pulp Mill
Represented Wayzata Investment Partners, a private equity fund, in connection with a sale of Halsey, Oregon pulp mill.
Represented Rejuvenation, Inc. in the sale to a national leading home furnishings company.
Meridian Rail Holdings Corporation Stock Acquisitions
Represented The Greenbrier Companies, Inc. in connection with acquisitions of stock of Meridian Rail Holdings Corporation for approximately $230 million.
Sale to UTi Worldwide Logistics
Represented Market Industries, Ltd. in the ultimate sale to UTi Worldwide Logistics for approximately $197 million in cash.
Acquisition of Market Industries, Inc.
Represented Endeavour Capital in acquisitions of Market Industries, Inc.
Legal Aid Services of Oregon is a statewide nonprofit organization providing high-quality legal representation and advocacy to vulnerable and low-income communities throughout Oregon. Partner James Hein, current Chair of Tonkon Torp’s Pro Bono Committee, was instrumental in launching the firm’s partnership with Legal Aid Roseburg.
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
Emeritus Board Member
Past Statewide Co-Chair
YWCA of Greater Portland
2011–2014, Board of Directors
Multnomah Bar Association
2010–2013, Board of Directors
Oregon Law Foundation
2006–2009, Board Member
American Bar Association
Multnomah Bar Association
Oregon Women Lawyers
Fifty-three Tonkon Torp lawyers representing 39 practice areas have been selected for inclusion in The Best Lawyers in America® 2022
Forty-nine Tonkon Torp lawyers representing 36 practice areas have been selected for inclusion in The Best Lawyers in America® 2021. A majority of attorneys have been named to the peer-review list in past years, and most have been recognized for more than five years.
Forty-eight Tonkon Torp lawyers representing 39 practice areas have been selected for inclusion in The Best Lawyers in America® 2020. A majority of attorneys have been named to the list in past years, and most have been recognized for more than five years.
Tonkon Torp Managing Partner Darcy Norville has been honored by the Portland Business Journal as one of its 2019 Women of Influence. The highly regarded award recognizes women who are business and community leaders in the greater Portland area.
Tonkon Torp was a table sponsor at the 28th Annual Campaign for Equal Justice (CEJ) Awards Luncheon on February 21. Darcy Norville led Tonkon’s involvement with the event and attended along with nine others from Tonkon Torp.
A 2017 Tax Court decision, Fleischer v. Commissioner, may call into question a tax planning strategy commonly used by commissioned brokers and salespersons in many industries. This Alert looks at the impact of the decision on insurance brokers and agents. Fleischer was an insurance agent and a registered representative of broker-dealer LPL. Fleischer received commissions from sales of fixed life insurance policies from the issuing insurance carriers, and received commissions from sales of variable life insurance policies from LPL.
DOL Major Changes to Fiduciary Investment Adviser Definition and Prohibited Transaction Exemptions – Part 3
On April 6, 2016, the U.S. Department of Labor (the “DOL”) issued final regulations expanding the definition of who is a fiduciary and what constitutes fiduciary advice to ERISA-covered employee benefit plans, as well as a new fiduciary adviser definition and related prohibited transaction exemptions. This Tonkon Tip, the third in a series of tips, addresses the new Best Interest Contract Exemption, which includes a streamlined exemption that can be used by “Level-Fee Fiduciaries.”
DOL Major Changes to Fiduciary Investment Adviser Definition and Prohibited Transaction Exemptions – Part 2
On April 6, 2016, the U.S. Department of Labor (the “DOL”) issued final regulations expanding the definition of who is a fiduciary and what constitutes fiduciary advice to ERISA-covered employee benefit plans and individual retirement accounts (IRAs). This is the second in a series of Tonkon Tips addressing the new investment advice fiduciary definition. This Tip focuses on what activities do not constitute fiduciary advice under the new rule and therefore are not subject to the rule’s requirements.
On April 6, 2016, the U.S. Department of Labor (the “DOL”) issued final regulations redefining fiduciary investment advice for ERISA-covered employee benefit plans and individual retirement accounts (“IRAs”). The final rule significantly expands the definition of who is a fiduciary and what constitutes fiduciary advice.
On October 31, 2013 the IRS issued Notice 2013-71 modifying the “use-it-or-lose-it” rule for health flexible spending accounts (“FSAs”) under §125 cafeteria plans. These modified rules are welcome relief for employers and employees, and can apply as early as the 2013 plan year.
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