With some enviously high exceptions, bonuses paid at the end of 2005 to associates with large Texas firms were similar to bonuses paid at the end of 2004. Sure, Houston's Susman Godfrey paid out year-end bonuses ranging from $86,000 to $150,000 -- averaging 75 percent of each associate's base pay -- but most associates statewide received considerably less. George Lamb, chairman of Baker Botts' associate compensation committee, says its two-tier bonus is based on merit and on productivity.
January 19, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Associates with large Texas firms presumably looked with envy at their counterparts at Houston’s Susman Godfrey, when the 76-lawyer litigation boutique paid year-end bonuses to its associates ranging from $86,000 to $150,000.
Those stunningly high bonuses — awarded in December 2005 because the litigation boutique’s financial performance for the year was second only to its best-ever results in 2004 — averaged 75 percent of each associate’s base pay at Susman Godfrey.
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