Pi

LOCKE LIDDELL raising??

from a posting on findlaw's texas greedyassociates . . . apparantly quoting from an email:

"As communicated earlier, Locke Liddell & Sapp management has been studying the possibility of increasing associate salaries. It is always our intent to remain a competitive force in the marketplace, and to attract and keep top talent. Locke Liddell is increasing associate salaries in Texas and Washington, D.C., effective August 1, 2007. Base salaries will be $160,000 for first year associates and $170,000 for second year associates. We are still working on details of the compensation structure for the other associate classes, but we are committed to remain competitive."

Now that they have Harriet Miers back, Locke Liddell's future is blindingly bright.

"V&E Crap?" Whatever. People at BB should be on their knees thanking the folks at V&E.

Props to V&E from AK!!!

Does anyone know if there is a bar exam in Texas?

"V&E Crap?" Whatever. People at BB should be on their knees thanking the folks at V&E.

Props to V&E from AK!!!

So how much!?! How much!?!

Locke Liddell & Sapp didn't mention what it will be doing with its new insurance defense branch in Chicago (Lord Bissel), did it.

Valerie Plame's suit is Tizz-ossd

https://ecf.dcd.uscourts.gov/cgi-bin/show_public_doc?2006cv1258-52 (PDF)

AK, VE, LLS . . . when will BB and FJ raise in TX??

5:05:
It sucks. It is three days and they test on oil & gas, tax, and other excruciating topics.

5:07, we can all recite market in our sleep by now:

160, 170, 185, 210, 230, 250...

B&B just matched, pretty much same as "V&E crap". no surprise there.

Where's Hunton & Williams at?

5:12 . . . did BB match in TX?

Is your friggin server somewhere in Moscow? This is the slowest site for posting anything.

5:12(1): So BB's Texas associates are subject to the hold-back, but not the D.C. associates?

5:05:
It sucks. It is three days and they test on oil & gas, tax, and other excruciating topics.

Locke raised--it is true.

Someone email Lat about Locke and Baker-TX, please.

5:06 -- Please. The decision to raise was made a while ago they were just trying to wait as long as possible

The TX associates were not left out.

I hear the Lord Bissel/Locke Liddell merger is about to blow up.

I took the Texas bar exam as my second exam (after passing another bar). I studied for about a month while working and passed easily. If you can kick ass on the MBE, you can just blow off oil and gas (as long as you learn community property). It's really not that hard to pass.

Baker McKenzie still has not raised in DC

Can we start bitching about Atlanta already?

It really, really sucks.

Updated Texas List of Shame (removing Baker Botts and Locke Liddell)

Akin Gump
Bracewell Giuliani
Carrington Coleman
Fulbright
Gardere
Haynes and Boone
Hughes & Luce
Hunton & Williams
Jackson Walker
Jones Day
King & Spalding
Munsch Hardt
Thompson Knight
Winstead

Can we get a REAL DC list of shame? (not the one lat posted only calling out 2 firms)

hey WGWAG.....STFU!!!!!!!!

DAMNIT DAMNIT DAMNIT

Obviously F&J will be there soon. The interesting question is Jones Day, which was already at $150k.

First, will they match at all, and second, given the infrastructure at that place, could they raise fast enough to prevent losing summer associates with two offers?

5:45: Get real, that list of shame was short because anyone who is anyone has matched in DC.

Tell me the names of the firms that haven't matched in DC. I bet nobody here will have even heard of them.

If random midsize or boutique firms haven't matched, that's not "shame"-ful. That's just life.

With the locals like BB, AK, VE, and soon FJ all going to 160 in Texas, Jones Day desperately needs to do something to distinguish themselves. If they match 160 flat, then they're essentially the same as the Tex firms but far behind the other non-Tex firms that pay that PLUS a year end bonus. But if they go to 165 or 170 that would just look weird (this is Texas still that we're talking about and they can't have TX assocs getting more pay than NY, DC, etc... but they still need to go above BigTX.

Baker, Greenberg, Hunton, etc. are all not at 160 in DC

One idea for Jones Day might be to join the other firms that they claim to be peers with (i.e. OMM, MoFo) and raise the clerkship bonus to 50k nationwide. Along with matching 160 k, that'd at least distinguish them from the locals. I don't think there's any question as to whether they'll match--- they will--- but 5:51 makes a good point: structurally, can they do it quickly enough to not lose out on recruiting.

dont worry about recruiting...graduating law students are never in low supply

Okay, I've heard of Hunton. But that "List of Shame" is still only three firms (two of them called out already).

ok, here's more: http://www.lawfirmdiscussion.com/compensation/dc07salary.php

for more go to lawfirmdiscussion.com

it's true that graduating law students are never in low supply, but the students that BIGLAW firms want to hire ARE. So unless JD wants to resign itself to middle-of-the-class-at-SMU, they need to do something. (This isn't to say that middle-of-the-class-at-SMU aren't capable... just that law firms tend to be the worst prestige whores there are like to pride themselves on drawing the TOP grads).

grades (and law school for that matter) = horrible indicator of future performance as a lawyer

Baker Botts removed!

DC Vault of Shame (still at 145,000)

17. Williams & Connolly ($165k no bonus)
42. Baker & McKenzie
59. Alston & Bird
64. Holland & Knight
70. Hunton & Williams
71. Patton Boggs
74. Kirkpatrick Lockhart
75. Nixon Peabody
77. Bryan Cave
86. McGuire Woods
88. Arent Fox
93. Kilpatrick Stockton
96. Venable

thanks

there was some comment about Arent Fox raising to 160 in DC. Any memo to knock number 88 off the list?

its obvious that some firms (not mentioning any names) need to change their rate structure...hence, attorneys in North Carolina should not be making as much as attorneys in NY, DC, and LA

I hate to be a party pooper, but do we really want second-tier firms - firms outside the AmLaw or Vault top 50, say - straining themselves to pay $160K?

Isn't this just a recipe for Brobeck-hood?

Note that in 6:13's list of shame, almost all of those firms are 50-100 firms.

Can they really afford to raise?

Where the hell is Williams and Connolly?

FIRST!!!!!!!

6:29 -- I agree -- it is starting to look worse and worse for W&C. I mean the place can only bank on its elite reputation for so long.

Troutman Sanders and McGuire Woods haven't matched in DC either.

oh god it looks nice to have bb off that dc list. thank you captain baker!

Arent Fox raised earlier this week, no memo yet...

DC Vault List of Shame (still at $145,000)

17. Williams & Connolly ($165k no bonus)
42. Baker & McKenzie
59. Alston & Bird
64. Holland & Knight
70. Hunton & Williams
71. Patton Boggs
74. Kirkpatrick Lockhart
75. Nixon Peabody
77. Bryan Cave
86. McGuire Woods
93. Kilpatrick Stockton
96. Venable

6:21

Have you heard of compression? Even "first" tiers by your definition do it. Just ask King and Spalding attys. They know what's up (not their salary, ever).

to be fair, the locke liddell merger hasn't yet been consummated.

Looks like not *everything* is bigger in Texas.

Troutman Sanders and McGuire Woods can't match. What are they going to do? Pay 1st years 160 and 8th years 195?