Three more major Texas firms have announced raises for associates at all experience levels. Dallas firm Winstead, Sechrest & Minick has bumped first-years to $135,00 with a $5,000 potential bonus and Houston-based Fulbright & Jaworski’s first-years will earn $140,000. Baker & McKenzie will pay associates in Dallas and Houston $140,000 with a $10,000 potential bonus for the first year. Source: www.law.com
Tags: HoustonLateral Moves on the Rise in Texas
2005 saw a 12.93 percent increase in lateral hiring in Texas over the previous year, according to Texas Lawyer’s recent study of 18 of the state’s largest firms. Akin Gump recorded the most at 95 lateral hires, and Corporate and Securities came in as the hottest practice area with 97 total hires accross the surveyed firms. Source: www.law.com
Merger in Works for Reed Smith
Pittsburgh-based firm Reed Smith and UK firm Richards Butler are working to complete a merger deal by the end of May, creating a 1,300 attorney entity with a worldwide presence. The deal would not only grow Reed Smith’s presence in London and Paris, but also in the Middle East and Asia. Source: www.law.com
Tags: Reed Smith LLP
More Expansion Plans for Duane Morris
Plans are now in the works for a new Singapore office, as well as for an increase the size of the London practice. Within two years, the firm expects to grow in size to 1,000 attorneys, nearly doubling its current staff of 600. Source: New York Lawyer
Tags: Duane Morris LLP | New York
Mintz Levin, Others Expand Into California
Boston firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo is expanding into California, recently aquiring a small Palo Alto boutique and expecting the same in L.A. and San Diego. This follows similar moves by Boston firms Goodwin Procter, Wilmer Cutler, and Ropes & Gray. Source: New York Lawyer
Tags: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | New York
New Beijing Office for Morgan Lewis
Morgan, Lewis & Bockius has cleared the extensive Chinese approval process and will open a new office in Beijing. The continuing relationship between Silicon Valley and Chineese technology industries has made it a necessary and appealing step for the firm. Morgan Lewis employs 1,200 attorneys in 20 offices worldwide. Source: www.law.com
Tags: Morgan, Lewis & Bockius LLP | Beijing
Akin Gump Raises Texas Salaries
Akin Gump Strauss Hauer & Feld has raised salaries for Texas associates at all levels. The firm’s first-years will now earn a base of $135,000 with an additional $5,000 bonus. Akin Gump employs 900 attorneys worldwide and has Texas offices in Austin, Dallas, and Houston. Source:www.law.com
Tags: Akin Gump Strauss Hauer & Feld LLP | AustinD.C. Firms Bump First-Year Pay to $135,000
Several Washington D.C. firms have increased associate salaries at all levels, bringing first-year associates to $135,000 annually. These firms include Arnold & Porter, Howrey, Venable, and Wilmer Hale. Source: New York Lawyer
Tags: New York
Cozen O’Connor is Latest Philly Firm to Announce Raises
Cozen O’Connor will give first-year associates in many of its offices a $15,000 raise effective July 1, bringing their earnings to $125,000 annually. Increases for more experienced associates are still to be determined. Cozen employs 521 attorneys in 24 offices. Source: www.law.com
Tags: Cozen O'Connor, P.C.
Locke Liddell Announces Salary Hike
Locke Liddell & Sapp has joined the Texas raise bandwagon, bumping first-year salaries in its Austin, Dallas, and Houston offices to $140,000. Associates in its New Orleans and D.C. offices will see the same increase. Source: www.law.com
Tags: Locke Lord LLP | Austin