Breaking NewsLaw.com and associated brands will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Associates with Dallas-based Gardere Wynne Sewell, like associates at many other large firms in Texas, just received big raises. The raises at Gardere were effective on April 1, which is the first day of the firm’s new fiscal year. Under the new associate salary scale announced on April 5, compensation for a first-year associate at Gardere totals $140,000. Base salary for a second-year associate is $145,000; $150,000 for a third-year associate, $160,000 for a fourth-year associate, $170,000 for a fifth-year associate, $180,000 for a sixth-year associate; and $185,000 for a seventh-year associate. Managing partner Stephen Good says the 278-lawyer firm is working on a new bonus schedule, but he says the bonus amounts will be “in the market ranges” for other large Texas firms. Bonuses will be based on productivity, he says, but the scale will pay bonuses at several levels of hours to help ensure associates don’t simply focus on billable hours. Good says Gardere, which has offices in Houston, Austin and Mexico City, raised associate salaries for competitive reasons. “That’s where the market is and that’s where the competition is,” he says. On April 7, Dallas firm Munsch Hardt Kopf & Harr announced that it raised the base salary for its first-year associates to $135,000. The Munsch Hardt raise is retroactive to March 1 and applies to all class of 2005 associates. Besides its Dallas headquarters, the firm has offices in Houston and Austin. According to a press release, the firm is reviewing other adjustments to its associate salary scale.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.