Haynes and Boone, a 508-lawyer Dallas-based firm, will not to give associates salary raises based on seniority, as management usually does this time of year.
The salary raises may be reconsidered later in 2009. The base salary for first-year associates in Texas is $160,000 at Haynes and Boone. Most senior associates at the firm earn $210,000 in base pay.
At Houston-based Fulbright & Jaworski, a firmwide associate salary freeze was announced to the firm’s 437 associates.
Fulbright had 41 first-year associates in Texas in 2008, who were paid a starting salary of $160,000, the same as in 2007.
Other Texas firms are considering pay freezes. At 683-lawyer Locke Lord Bissell & Liddell, associate raises are “still under discussion.” Austin’s 185-lawyer Strasburger & Price will decide on associate raises later this month.
Ans at Dallas-based Akin Gump Strauss Hauer & Feld, Kristen White, communications manager, says, “The firm hasn’t made a decision.”
Posted by Erik Even
on January 20, 2009. Filed under Home,Law Firm News,Legal News.
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