Boutique Law Firms, Money, Skaddenfreude, Susman Godfrey

Susman & Godfrey Wins Prize for Most Self-Aggrandizing Pay Raise Announcement

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The litigation boutique of Susman Godfrey is prestigious. And it is well-paying, especially around bonus time.
It’s also not shy about honking its own horn (which shouldn’t be surprising, given its Texas roots). In fact, Susman Godfrey just issued a press release about its pay raises that might make Gallion & Spielvogel blush.
Here are some excerpts (emphases added):

TOP LITIGATION BOUTIQUE SUSMAN GODFREY RAISES ASSOCIATES SALARIES IN LOS ANGELES & NEW YORK OFFICE

Susman Godfrey announced today a salary increase for their associates in Los Angeles and New York. The compensation package for first year associates joining their Los Angeles and New York offices is $160,000, plus benefits. Already among the best paid associates nation-wide, the compensation package for first year associates in their Houston, Dallas, and Seattle offices is $140,000, plus benefits….

Susman Godfrey also pays year end merit bonuses to associates who have been with the firm for at least one year. Last year, associate bonuses topped out at $120,000. In 2005, some associates received a walloping $150,000 in year-end perks. More commonly, our merit bonuses have accounted for 20% to 60% of an associate’s annual compensation and are far in excess of bonuses paid by our competitors. Thus, associates’ year-end merit bonuses tend to range from an additional $30,000 to $80,000 on top of the base salary.

“We are also the bestest law firm ever. Simply put, our competitors just suck.”
You can read the full press release, in all its glory, by clicking here.

Top Litigation Boutique Susman Godfrey Raises Associates Salaries in Los Angeles & New York [Susman Godfrey]

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