Haynes and Boone announced its bonuses this week, and with it, the Cravath match has come to Texas. The firm does individualized bonuses, but people in Dallas are telling us that they received a match of the Cravath scale.
Thing is, people outside of Texas are telling us that they received more. Like, we’re talking Geico Christmas ad MORE.
I think of Haynes & Boone as the anthropomorphic “Texas law firm” because its main offices are in Texas, and it represented T. Boone Pickens, and T. Boone Pickens is basically The Rich Texan. But the firm has 15 offices in places like D.C. and Chicago and New York (which I had to look up).
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There was a time when bonuses were more regional and you expected the same firm to pay out different bonuses in, say, San Antonio, than what they paid out in New York. But that time has largely passed. At least we thought it had.
But maybe HayBoo is bringing it back? Again, because the bonuses are individualized, we can’t really tell. We could just be hearing from associates outside of Texas who received more money for outstanding effort. Those people might be eager to talk to us, while most associates outside of Texas received a standard Cravath match and therefore feel like they have nothing to report.
Then again, we don’t seem to have anybody reporting that they received significantly more than Cravath while working in a Texas office for Haynes and Boone so…?
Let us know what you made. Hell, with the passage of the GOP tax plan, I wouldn’t be surprised if associates AND partners in high-tax blue states started demanding a greater share of the firm’s profits to offset the destruction aimed directly at them. I know if Above the Law had an office in Dallas right now, I’d be like “move me or raise me.”
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They’d call my bluff, of course. “Sure, Elie, go write about police reform and white privilege in DALLAS. Just make sure your homeowners insurance covers flaming bricks thrown through your windows.”
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Elie Mystal is the Executive Editor of Above the Law and the Legal Editor for More Perfect. He can be reached @ElieNYC on Twitter, or at [email protected]. He will resist.