V&E raises to 135k for all Texas offices
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Poast new message in this thread
Date: March 8th, 2006 4:08 PM Author: yellow trip kitty cat center
The latest news per GA.
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5282798) |
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Date: March 8th, 2006 5:14 PM Author: hyperventilating beady-eyed trailer park
I would cry if it was a hoax.
If it's the real deal, i'm going to celebrate this spring break!
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283300) |
Date: March 8th, 2006 5:25 PM Author: hyperventilating beady-eyed trailer park
$135k in Texas = $309,748.62 in Manhattan!
WOW!
Source: http://www.bankrate.com/brm/movecalc.asp
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283390) |
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Date: March 8th, 2006 5:48 PM Author: hyperventilating beady-eyed trailer park
Houston is well-known for its restaurants (i.e. one of the fattest cities in America), we also have a decent Museum district (how often do you go to Museums anyway?), we have a theatre district (with 4-8 different shows running on the weekends(Th-Sun).
you can keep your foul smells, high-stressed lifestyle, small apartments, bedbugs, loads of rats, terrorism, etc, etc, etc. i'll live like a king in Texas.
FWIW, I currenly live in NYC, so I know all about the city. You ever live in Houston for an extended period of time? It's probably better that you remained closed-minded if not, you might try Texas out and I'd have to compete with you. Don't get me wrong, I'm sure I can hold my own, but it's easier to compete against the Tech students of the world.
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283660) |
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Date: March 8th, 2006 5:54 PM Author: hyperventilating beady-eyed trailer park
if i want to visit an "actual metropolitan city" i could always book a $200 round-trip flight.
with all the money leftover, i can save for my future, kids' futures, give friends and family more lavish gifts, etc.
this all boils down to a matter of tastes and preferences (obviously). given that i've tried both, i stand by what i've said.
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283729) |
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Date: March 8th, 2006 5:36 PM Author: hyperventilating beady-eyed trailer park
it's just cost of living comparison.
135k in NY = middle class
135k in TX = Living like KINGS!
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283526) |
Date: March 8th, 2006 5:55 PM Author: hyperventilating beady-eyed trailer park
GA says Andrews & Kurth is getting raising salaries as well!
2 firms in one day...the trickling down effect begins.
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283742) |
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Date: March 8th, 2006 5:57 PM Author: hyperventilating beady-eyed trailer park
yeah. good job.
we're going to be rich!
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283757) |
Date: March 8th, 2006 5:57 PM Author: green locus
What kind of hours do VE associates bill? Will that # go up now?
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283763) |
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Date: March 8th, 2006 6:00 PM Author: insanely creepy stag film
Bonuses stayed the same at 1950, 2150, & 2300 if thats any indication.
Edit: Actually the bonuses were cut in half but the hour thresholds stayed the same. Still with bonuses cut in half it is a significant raise.
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283784) |
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Date: March 8th, 2006 6:00 PM Author: Wonderful metal dilemma generalized bond
And will leverage ratios begin to change?
Summary of your questions and my questions...Is V&E and BigTex law trying to emulate BigLaw in NYC/DC/LA? Do they want to be a primary market ?(Houston is already the 4th largest city in the US I think).
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283785) |
Date: March 8th, 2006 6:03 PM Author: deranged olive kitchen
Livin' in a Lawyaz' Paradise
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5283818) |
Date: March 8th, 2006 8:37 PM Author: insanely creepy stag film
Date: March 8, 2006
To: All Texas Associates
From: Joseph C. Dilg
Re: New Associate Compensation Levels
One of our FirmÂ’s core values is to attract the finest attorneys and to retain and develop these attorneys to be outstanding practitioners in their fields. There are many attributes of the Firm that contribute to our ability to accomplish this goal, and we recognize that compensation is an extremely important factor. As communicated in my voicemail this morning, we are pleased to announce that, effective March 1, we have increased associate compensation. Our new Texas compensation levels are set forth below. These new levels represent an increase in both base salary and potential total compensation at all levels. The productivity-based bonus amounts reflect the total bonus payable. Once again, thank you for all that you do for our clients and for Vinson & Elkins.
Class Year Base Salary Productivity Based Bonus** Total Potential
1950 hrs 2150 hrs 23000 Compensation
2005 1 $140,000* N/A N/A N/A $140,000
2004 2 145,000 $5,000 $10,000 N/A 155,000
2003 3 150,000 5,000 10,000 $20,000 170,000
2002 4 160,000 7,500 15,000 25,000 185,000
2001 5 170,000 10,000 20,000 35,000 205,000
2000 6 180,000 10,000 20,000 35,000 215,000
1999 7 185,000 12,500 25,000 40,000 225,000
1998 8 190,000 12,500 25,000 45,000 235,000
* Includes a guaranteed year-end bonus of $5,000
** Includes up to 150 pro bono hours
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5285174) |
Date: March 8th, 2006 9:05 PM Author: Magical useless brakes
What about their DC and NY offices?
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5285406) |
Date: March 8th, 2006 9:30 PM Author: exhilarant beta mexican pistol
:(
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5285604) |
Date: March 9th, 2006 12:21 AM Author: hyperventilating beady-eyed trailer park
We're gonna be rich!
(http://www.autoadmit.com/thread.php?thread_id=375366&forum_id=2#5287315) |
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