His front tire hit a seam in the road, and he flew over the handlebars, suffering a traumatic brain injury that left him in a coma for a week. He’d started to progress in rehab when he died of COVID-19 on July 14.
Despite Susman’s death and a global pandemic, 2020 financially was a banner year for the firm, Carmody said, with revenue per lawyer well exceeding the Am Law 100 average. Yet in some fundamental ways, Susman Godfrey really is different, which helps explain its successful transition to the next generation of leaders.
The partnership track - equity only - at Susman is a mere six years. Moreover, partners don’t have shares or points. It’s all about business generation. “It’s almost a competition among the partners who can come up with the wackiest fee arrangement,” he said. Every Wednesday, all Susman lawyers join a conference call to vote yes or no on new engagements. Each attorney gets one vote. A brand-new associate is on equal footing with Manne, Carmody and other senior lawyers such as co-managing partner Kalpana Srinivasan.
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