Yeehaw! Leading Texas Boutique Trots Out Associate Raises
The salary scale is compressed at the top, but who's going to complain about a higher salary?
It was just last week that we discussed law firms that were tiny, but whose salaries were mighty. Now we have news that yet another boutique law firm — this time, one in Texas — has decided to giddy-up alongside Biglaw’s best in 2018’s summer salary wars.
Hot on the heels of its win for Texas Lawyer’s 2018 Small Firm Litigation Department of the Year, Smyser Kaplan & Veselka has announced a new salary scale for all seven of its associates. Check out the new scale, below:
- Class of 2017 — $190,000
- Class of 2016 — $200,000
- Class of 2015 — $220,000
- Class of 2014 — $235,000
- Class of 2013 — $260,000
- Class of 2012 — $275,000
- Class of 2011 — $285,000
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Although SKV has matched the Milbank/Cravath scale through associates’ third year, their pay is compressed for each year thereafter, such that seventh-year associates are making $40,000 less than associates at either of the firms that set the new salary scale. Git along, little dogies. 🙁
Money is still money, so we doubt that anyone is complaining too much, and bless their hearts if they do. Congratulations to everyone at Smyster Kaplan & Veselka!
Remember, we are covering this trend extensively, so please drop us a line — text (646-820-8477) or email (subject line: “[Firm Name] Raises Salaries”) — 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 confidential.
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
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