Biglaw, Money, Skaddenfreude

Nationwide Pay Raise Watch: Fulbright & Jaworski (Texas)

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The executive committee of Fulbright & Jaworski just took this action with respect to associate compensation in Texas:

“After due consideration of all relevant data and after listening to our clients, our partners, and our associates on the issue at hand, the Firm has determined that we will raise base compensation for associates in Texas offices in the classes of 2006 and 2007 to $160,000 per annum, effective today, August 1, 2007.”

“The Firm has commenced a comprehensive review of associate compensation and related recruiting and retention issues. These matters are of great importance to our partnership. We hope to complete this review by mid-autumn.”

Our tipster’s take:

“So F&J has punted even more than other Texas firms, only raising first years, probably because they already announced $165K for second years in DC with the deferred comp model.”

Earlier: Nationwide Pay Raise Watch: Fulbright & Jaworski (D.C.)

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