Following the lead set by other large Texas firms, Houston's Porter & Hedges and Dallas-based Jenkens & Gilchrist have increased associate pay. Jenkens will pay a first-year lawyer a base salary of $140,000, effective April 1, and is working on a bonus scale. Porter & Hedges' first-year salary increased to a $135,000 base pay plus up to $5,000 in bonus. The salary scale is retroactive to Jan. 1. Chairman William Porter says his firm raised salaries to keep associates from jumping ship for more money.
March 30, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Houston’s Porter & Hedges and Dallas-based Jenkens & Gilchrist each have increased associate pay, following the lead set by a number of other large Texas firms.
Both firms are responding to a new, higher market rate that began to develop March 8, when Houston-based Vinson & Elkins announced a new, higher salary scale.
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