0 results for 'Susman Godfrey'
Could document unearthed in Bingham vault decide Dodger drama?
A seven-page document discovered in a vault of law firm Bingham McCutchen could determine the fate of Los Andgeles Dodgers owner and his wife, who are in a nasty divorce battle that could determine the fate of the team.Associate Bonuses Still Booming, Despite Salary Increase
Although year-end associate bonuses were a little smaller than usual in 2006 at Susman Godfrey, the firm still paid as much as $120,000 in bonus money. "If they aren't pleased, they should check into a mental institution," partner Stephen Susman says of his firm's associates. While many associates took home larger paychecks in 2006 due to new, higher salary scales, a number of firms paid healthy year-end bonuses based not only on billable hours, but also pro bono, business development and civic work.Susman Godfrey Raises Associate Salaries
Susman Godfrey has joined the growing list of Texas-based firms opting to compensate Texas associates at rates comparable to their New York counterparts. The partners at Susman decided on Saturday to raise associate salaries effective Aug. 1 to $160,000 for first-years. Partner Shawn Raymond notes that, unlike the other Texas-based firms that announced salary increases, Susman is increasing the salaries of more senior associates without attaching any strings to the money or hesitating about doing so.Firm$ of Fortune: The 25 Highest-Grossing Texas Firms
Gross revenue at large Texas firms continues its steady year-to-year rise, with the 25 highest-grossing Texas firms posting an overall 2.3 percent increase in total revenue in 2004, compared to 2003. But that 2.3 percent increase is less than half of the 4.9 percent overall increase in gross revenue the Texas top 25 racked up a year ago.Client Needs Drive Texas Firms' Out-of-State Expansion
Roughly 27 percent of Houston-based Bracewell & Giuliani's 418 lawyers are in out-of-state offices, and managing partner Mark Evans expects that percentage to grow over the next five years -- "Easily at least 35 percent," says Evans. His confidence about Bracewell's growth outside Texas reflects the enthusiasm expressed by managing partners of other big Texas firms about why they're happy to increase the size of their national and international footprints with a network of new offices.Turning the Corner: The Worst Appears to Be Over for Texas Firms
Taken as a whole, the 25 highest-grossing Texas-based firms' gross revenue was flat in 2010, compared to 2009, when the total gross revenue of the 25 top firms declined by 3.7 percent. Total net income for the 25 firms also was flat in 2010, compared to 2009. Kane Russell Coleman & Logan of Dallas moved onto the top 25 list for the first time.The suit that Susman Godfrey brought for bond insurer Assured Guaranty Ltd against Flagstar Bank over $1 billion in mortgage-backed securities may have a lower profile than MBIA's $3 billion case against Countrywide. But Assured v. Flagstar may turn out to be a another crucial test case in the monolines' ambitious litigation.
Susman Godfrey Fends Off Summary Judgment in Assured's MBS Suit Against Flagstar Bank
Harold Weinberger of Kramer Levin, who represented The Proctor and Gamble Company, called the case an oddity in the realm of false advertising litigation. "You rarely see class actions under the Lanham Act," he said.
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