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San Francisco�Top partners at Brobeck, Phleger & Harrison were continuing to enjoy million-dollar-plus paydays even as the firm lost steam after the dot-com bust, partner compensation records show. In some cases, rainmakers pocketed $200,000 or more in bonuses in the months before the firm’s January announcement that it would close. The partner compensation records recently came to light as part of the firm’s bankruptcy. They provide a detailed look into the financial life of Brobeck as it struggled through its final year. The records show that Tower Snow Jr., a securities litigation rainmaker and former firm chairman, was at the top of Brobeck’s partnership compensation pyramid�which consisted of 12 separate levels. Snow was the only partner occupying a spot in the 12th tier, and in 2001- his last full year with Brobeck-he took home an estimated $1.4 million, not counting bonuses. Snow was expelled from the firm in May 2002 and later joined Clifford Chance. Corporate honcho Warren Lazarow�now a partner at O’Melveny & Myers�also brought home a tidy sum. His 2001 base pay was $1.14 million. In 2002, he picked up a $250,000 bonus and occupied a compensation level just below Snow’s. He was joined by one other partner in the 11th tier, firm Chairman Richard Odom. The records do not give specific dollar amounts for 2002 base compensation. Ex-partners using their own paychecks as guides estimated that senior-level veterans like Lazarow and Odom would have taken home as much as $1.1 million in base pay in 2002. A partner in the 10th tier would have taken home about $980,000 by that reckoning. Base pay wasn’t the only money available for partners. As did Lazarow, other partners pulled in hundreds of thousands of dollars in bonus cash. Large bonuses, former partners said, were paid out to top billers to compensate them for their rainmaking abilities. The partner-compensation review includes the salary levels of Brobeck partners, bonus distribution, billable hours and income generated from specific clients. Former managing partner Richard Parker submitted it to Brobeck’s management committees on Jan. 10, expecting it to provide a guide for compensation levels in 2003. However, the firm pulled the plug just three weeks later.

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