Associate Salaries, Boutique Law Firms, Money

Ride 'Em, Cowboy! Top Texas Trial Firm Lassos Salary Raises For Associates

Yet another firm has matched the Cravath MoneyLaw scale.

onJune 13, 2016 at 1:13 PMJune 13, 2016 at 1:14 PM

Businessman mounting on a line graph that goes up The stars at night are big and bright deep in the heart of Texas — but they’re even bigger and brighter for law firm associates who’ve recently received news about their salaries skyrocketing. If you’re at a firm in the Lone Star State that’s been “monitoring” the market for further developments in this summer’s salary wars, bring to partners’ attention the fact that yet another firm has matched the Cravath MoneyLaw scale.

On Thursday night, litigation boutique Yetter Coleman — a firm that previously started first-year associates at $170,000, a salary $10K above the then-prevailing market rate — announced that it was matching the new salary scale that’s taken the nation by storm. Yetter, one of the top litigation firms by law school pedigree, notified associates that its goal was to remain competitive, attract top talent, and continue to be viewed as a top litigation boutique, and thus, firm leaders decided to adopt the new associate payscale. Sources tell us Yetter matched the Cravath scale at every level, through the class of 2008.

Congrats to all associates at Yetter Coleman, and keep on lassoing those trial victories!

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Remember, we are covering this trend extensively, so please drop us a line — text (646-820-8477) or email (subject line: “[Firm Name] Matches Cravath”) — when you know of another firm making a compensation move. Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file. All sources are kept strictly confidential.

Staci Zaretsky is an editor at Above the Law. Feel free to email her with any tips, questions, or comments. Follow her on Twitter or connect with her on LinkedIn.