The Texas litigation boutique of Susman Godfrey–long in/famous for its unrelenting billable requirements and equally jaw-dropping bonuses–issued this press release yesterday, announcing that its New York & LA offices would match the newly minted $160k starting salary which is now fairly standard at most of the BigLaws in both cities.

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In typical SG fashion, the press release was restrained and understated.

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.

Thx to AbovetheLaw

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