Yeehaw! Texas Biglaw Firm Lassos Some New York Bonuses For Associates
Very exciting news. Congrats!
Associates deep in the heart of Texas are about to saddle on up to some big-time bonuses.
Earlier this afternoon, the members of the executive committee at Vinson & Elkins — which brought in $912,337,000 gross revenue in 2021, placing it at No. 56 in the most recent Am Law 100 — informed associates that the firm would be matching the prevailing market bonus rates, all the way up to the class of 2015 and beyond.
Here’s the bonus scale, in case you’ve forgotten what it looks like:
- Class of 2022: $15,000 (pro-rated)
- Class of 2021: $20,000
- Class of 2020: $30,000
- Class of 2019: $57,500
- Class of 2018: $75,000
- Class of 2017: $90,000
- Class of 2016: $105,000
- Class of 2015+: $115,000
As noted in the memo, “consistent with past practice, the Firm expects to pay supplemental bonuses to Associates who had an exceptional year.” Associates can expect to see their bonus bucks on January 31, 2023.
Congratulations on your bonuses, V&E associates!
(Flip to the next page to see the full memo from Vinson & Elkins.)
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). 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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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.
