In the world of big law firms and major litigation, it’s commonly believed that only the largest firms reap the largest rewards. However, the landscape is beginning to shift, as demonstrated by Holwell Shuster & Goldberg LLP, an elite litigation boutique that is shattering this belief.
Holwell Shuster & Goldberg is relatively new to the scene when compared to the so-called Biglaw firms. Just ten years ago, Judge Richard Holwell of the Southern District of New York founded this boutique firm alongside his former colleagues at White & Case, Michael Shuster, Daniel Goldberg, and Dorit Ungar Black. Despite its compact size of barely over 50, Holwell Shuster & Goldberg has proven that it can compete not just in the courtroom, but on payday as well.
With the recent unveiling of their new compensation and bonus layout, there is no doubt that Holwell Shuster & Goldberg can keep pace with the biggest law firms in the industry. While specific figures have been shared in a firm-issued memo, it is clear that associates of this boutique firm are earning paychecks that are traditionally associated with the Biglaw.
This precedent set by Holwell Shuster & Goldberg is not to be overlooked. It validates that despite size and age, firms can compete financially within the industry, reinforcing the notion, ‘you *can* get paid like Biglaw without being in Biglaw’.