X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The prayers of associates across Texas were answered when Vinson & Elkins raised salaries, guaranteeing first-year lawyers in its Texas offices $115,000 in 2000. The new base salary of $110,000 for first-year lawyers is up 28 percent from the $86,000 V&E has been paying. The firm also will pay year-end discretionary bonuses tied to the firm’s performance, but not linked to a minimum hourly requirement. V&E’s raises, retroactive to Jan. 1, come on the heels of raises Andrews & Kurth announced calling for a $104,000 base salary for first-year associates in Texas. Now that V&E, a market leader in recent years, and Andrews & Kurth have moved, the salary watch is on. What will other Texas firms do? Baker Botts, for one, will do something. James Maloney, chairman of the firm’s employment committee, says he expects the firm to soon make an announcement on their salaries. Winstead Sechrest & Minick will also make a salary announcement, says executive committee member Thomas Helfand.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.