As Texas firms mull over what to do about Vinson & Elkins’ late-year decision to hike associate salaries by an abundant 10 percent, a Silicon Valley firm with an office in Austin raised stakes even higher.

First-year associates at Houston’s V&E who started work in the fall of 1999 will earn $95,000 during their first year of work, instead of the $90,500 they expected when hired. But first-year associates at Gunderson Dettmer Stough Villeneuve Franklin & Hachigian will make $145,000 � and have a chance at a $5,000 discretionary bonus � instead of the $100,500 they expected.

This content has been archived.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 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]