It has been a while since our last update on associate pay raises. That’s because we have nothing to report. If you hear of anything, please email us.
In the meantime, here’s something from a Texas tipster:
Thought I would pass along information I’ve compiled over the last few days re: Texas associate salaries.
First, here’s an article where all the big Texas shops basically give the finger to the idea of pay raises any time soon.
Second, here’s the list of firms (that I know of) with offices in Texas that have raised to $150K or higher (current big firm average in Texas right now is $135K). The name of the city and number of associates in the offices in those cities is also listed (source, NALP). There may be others that have gone up that I don’t know about. Please use your vast network of informants and resources to find out.
The rest of the message, including the list, appears after the jump.
Our Texas source continues:
Texas Offices at $160K
Dewey Ballantine (Austin – 9)
Fish & Richardson (Austin – 9, Dallas – 30)
Gibson Dunn & Crutcher LLP (Dallas – 27)
McKool Smith LLP (Dallas – 46)
Skadden Arps LLP (Houston – 19)
Weil Gotshal LLP (Dallas – 57, Houston – 46)
Wilson Sonsini (Austin – 32)
Texas Offices at $150K
Dechert LLP (Austin – 6)
Jones Day LLP (Dallas – 109, Houston – 26)
Here’s the problem I have with this: a few hundred associates at different offices in Texas are being paid on higher salary scales than I am now. All these arguments about cost of living in NY, DC, of CA would be slightly more persuasive if someone across the street wasn’t making $15-25K a year more than me for doing the same work for the same caliber clients in the same town.
It’s time to stir the pot down in BigTex. Any help you can provide you be most appreciated. Thanks y’all! Giddy up.
Please add data points in the comments. Or feel free to contact us by email. Thanks.
Wait and $ee: Texas-Based Firms’ Lone Star Offices Unmoved in Current Round of Pay Hikes [Texas Lawyer]