Biglaw

Associate Compensation War Comes To Texas

Another Biglaw firm responds to the salary wars.

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Yeehaw! The 2021 salary increases have made their way to the Lone Star state. Today, Vinson & Elkins announced to associates they were increasing salaries to the new Davis Polk compensation scale.

The firm dropped the welcome news in a Zoom meeting, not via a memo. But tipsters reports it is a match of the Davis Polk scale, effective July 1. An insider describes the announcement:

The newly elected firm leadership at Vinson & Elkins had an introductory meeting for associates this morning, scheduled before the new salary announcements at other firms last week. During the meeting, they announced V&E would match the Davis Polk numbers….. it hasn’t gone out in writing yet. But the announcement was made, new salaries effective July 1.

It’s unsurprising that V&E made the move on associate salaries; the firm made 782,352,000 in gross revenue last year, making it 59th on the Am Law 100. Nice to see them sharing the largesse with associates.

Remember everyone, we depend on your tips to stay on top of this stuff. So when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Raises”). 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.

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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

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