Think other firms will match Susman’s reraise?
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Who’s still on the old DPW scale? 🥲
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No. Litigation boutiques always come over the top by a de minimis amount.
Not the case historically for Susman’s base
Yeah I think cravath will at least match Sussman
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I doubt it, but I hope so!
I hear R1 but Susman usually pays market base salary. Not saying that means much but it’s different than other boutiques.
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Let the games begin!💰💵
Susman was known for outsized bonuses, but pretty sure they paid market salaries.
A7 yes during the pandemic. They led a round of off cycle bonuses and also re-raised salaries a couple times after Milbank (and one year Milbank raised, Cravath re-raised, and then DPW came over the top on both of them for a third raise).
Key question is if Susman presents a large enough recruiting risk to the other big firms to warrant a match. Given their bonus structure id say unlikely to match.
Susman has consistently paid above market bonuses (by a wide margin) every year. Their slight bump above market on their base salaries is more a symbolic nudge to say "we will always beat the market". Cravath realizes they will never match Susman on total comp and is not trying to start a comp war with them. Same thing goes for Watchell. Cravath real competitors are comp are the DPW, STB, S&C, PW, and Milbanks of the world
Have some friends that are partners there. The hours their associates average are crazy. Not sure how you can use them as a comp. for anything.