CLOSEClose Menu

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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. The increase in salaries at 663-lawyer V&E is likely to have an impact on pay scales at large Texas firms, but the leap by Gunderson Dettmer, which has 17 lawyers in Austin, is a clue some firms will pull out all the stops when vying for the nation’s coveted associates. “It’s a new ballgame,” says Brian Beard, managing partner for Gunderson Dettmer in Austin. “We thought, ‘Let’s just knock the doors off.’”

This content has been archived.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Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.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.