Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Large Texas firms continue to fall in line with the market by raising associate compensation to a level that was laughable at the start of 2000. Bracewell & Patterson and Locke Liddell & Sapp announced higher associate compensation on March 29, while Hughes & Luce did the same the day before. The new compensation plans at all three firms include merit-based ranges of compensation for mid-level and upper-level associates. Lawyers from the class of 1999 who bill at least 2,200 “quality” hours at Hughes & Luce can make a maximum of $120,000. Class of 1999 lawyers at Bracewell in Houston, Austin and Dallas can make up to $115,000. Lawyers at Locke Liddell in Texas will make the BigTex market rate of $115,000 for class of 1999 graduates and $124,000 for the class of 1998, but compensation is merit-based above that, says Bruce La Boon, a co-managing partner of the firm.

This content has been archived.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.