Yes, what is the plan for Texas. BB needs to hurry up and decide if it is serious about being a market leader in Texas.

Yes, what is the plan for Texas. BB needs to hurry up and decide if it is serious about being a market leader in Texas.

Approximately 1/6 Dallas associates of Nalp member firms works for a firm that has raised first years to at least 145. The proportion is smaller in Houston. Anyone want to speculate on the chances that this proportion is enough to make a difference?

anon 3:47,

i assume you mean associates at Nalp firms that have raised make up 1/6 of all associates at Nalp firms in Dallas?

I don't know but I'll speculate that it would suck to be an associate at BB in Texas if they don't raise in Texas. In that world, BB Texas associates wouldn't catch a BB 1st year in NY (on bases of pay + bonus) til year 4 or 5.

good point about not catching a BB 1st year until year 4 or 5. This is a good perspective.

i doubt BB will raise beyond 145 in texas, but hopefully they raise pay for mid-level associates substantially in order to decrease the compression in the pay scale.

What makes all of you non-NYC associates think that every NYC associate gets a big bonus? A relatvielt small number of firms give bonuses to the entire associate class (without regard to billed hours). Most firms tie bonuses to the number of hours billed and I think that you would be surprised by how many (or few) associates actually obtain the highest bonus level. Please stop saying a NYC salary is base+bonus; it simply isn't an accurate portrayal of the world. The bonuses are anything but certain and except in a notable cases not all that substantial.

Where is the updated list of shame?

Maybe there are no associates from BB's headquarters who check this board, but there are a lot more in headquarters than in NYC, so it would seems likely that one of them would tip Lat or post here. So it doesn't look good for BB associates in Houston.

Eh? MTO competes with Keker for grads? Not so. (1) MTO is 4X the size of Keker; (2) MTO is more-or-less full service, whereas Keker is a botique; (3) MTO is almost entirely located in LA, Keker entirely in SF, which is relevant for two reasons--(a) these are significantly different markets and places to live, and law students would not be indifferent between the two and (b) cost of living in SF is significantly higher.

Texas is going that high!?!? Ridic. NY associates are getting the shaft (e.g., higher cost of living, lower clerkship bonuses than DC firms) and firms wonder about why so many associates are leaving?!??

What kind of annual bonus does MTO pay? And how does that compare to Quinn's or Keker and Van Nest's?

Very surprised with Munger. They're a very prestigious presence, but they're not head-and-shoulders above the likes of Quinn.

baker botts dc moved to the 145 scale, retroactive to jan 1. no news on texas.

Partner track at MTO is 4 years (on paper), so the opportunity to make partner money so soon might be enough to keep associates happy despite the lower bump to 145.

i'd be surprised if texas moves to dc/nyc scale. bb used to pay dc and nyc more than houston, and no revolt occurred in texas. why? because 1. texans LOVE texas and would rather gouge out their eyes than live in the blue states of the northeast, 2. col is super low in texas and everyone knows it, and 3. bb bills out dc/nyc associates out at a higher rate than texas associates, so it's only fair to pay them more.

i'd be surprised if texas moves to dc/nyc scale. bb used to pay dc and nyc more than houston, and no revolt occurred in texas. why? because 1. texans LOVE texas and would rather gouge out their eyes than live in the blue states of the northeast, 2. col is super low in texas and everyone knows it, and 3. bb bills out dc/nyc associates out at a higher rate than texas associates, so it's only fair to pay them more.

Why is just assumed that all associates @ BigTex are Texans? I would guess that this is true for only 50-60% of associates from what I have seen firsthand. Thus, argument #1 from 5:10 is not realistic. #2 COL arguments only go so far, we are all paying the same extremely high student loan balances and investing the same U.S. dollars in the market etc... #3 is this really true? I am considered class of 2006 and I am billed @ $250/hr. What is a 2006 BigTex assoc. billed @ in DC? In NY? Anyone?

Partner track at Munger may be only nominally four years, but is that really that huge a difference from Quinn's six year track?The real issue is that Munger may be supre on the prestige, but it's pretty lame on the PPP. Irell's got a cool $500,000 or so above Munger, and Quinn goes another $500k or so above Irell.Plaintiffs' work pays, yo.

Isn't partner track at MTO only 4 years for people who clerked at the Supreme Court (which suggests 2 years of progression credit as well, anyway)? And even then, I think it's rare that an associate becomes partner in only 4 years, but I don't have any first hand experience.

4:21, I'm wondering the same thing.

Any word on BB Texas????????

BB just told the world it doesn't value it's home office as much as it does NYC/DC. We should be insulted and they should be ashamed.

BB must have horrible management. Why not raise in NYC and DC two weeks ago if you were not going to raise in Texas also. Now, NYC and DC are pissed that it took two weeks and Texas is pissed that BB is sending a signal that Texas is not due a raise.

Egg heads....

I have a theory here. Could it be that V&E has been waiting for BB, FJ, AG and others to raise in NYC and DC (but not TX) so that they (V&E) can hand out raises to all offices including Texas and look like rockstars? If that is the case, they'd demonstrate to everyone that they value their TX associates as much as their NY and DC associates. I think such a move would make them very appealing in recruiting first years and laterals.

Just a thought.

Anyone know anything about kelley drye NY
Lateraling for the QOL so if they dont raise not a big deal if i dont have to bill as much.

1. bb has yet to say texas is NOT getting a raise. they just haven't moved first. why is that "horrible" management?

2. houston and dallas are ridiculously cheap, student loans and investments be damned. associates there don't deserve the same money as nyc and dc. to argue otherwise is a complete non-starter. not to mention that half of the lawyers in texas went to a state school in texas (and no, i'm not saying that means they went to a bad school), but FACT is that it's cheaper. significantly so. col arguments "only go so far," but i dare say they at least go $15-20k/year far.

And so another week has come and has passed in the land of the Lone Star State,
While the 3-L sat at his computer screen, disappointed and a bit irate.
Dash it all, I'm from the West Coast -he pondered- but I a job with BigTex I did take,
And only now do I see, and woe unto me, what a terrible mistake I did make.

While my buddies at Berkley, or UCLA, have chosen Paul Hastings, Janofsky & Walker,
I've become prey, in the worst possible way, to a Texas recruiting fast-talker!
Who promised last year, I had nothing to fear, and that the salary in Cali was no higher,
Than the salaries down, in Dallas or H-Town, but I insisted he must be a liar.

"The thing about Texas, he said with a grin, is that the compensation's not a cent less,
And prestige doesn't matter, cause life's not a ladder," this point the recruiter did stress.
"And the Texas Big Three, use people like me, to find people like you," he admitted.
And I swallowed the bait, from the Lone Star State, and at two firms in Texas I splitted.

And when it came time, I signed on the line, and the recruiter shouted with glee,
He hollered and hooted, cause he'd just recruited, someone who was not from UT.
"Good job lad," he cried, with zest in his voice,
"In joining our firm you've made a great choice.
Now finish up and get your JD. What the hell, we'll even pay for BAR/BRI!"

And the world seemed quite bright, till I got such a fright, one dreadful January day,
When this cute 2-L lass, with a heavenly ass, turned around and started to say:
"Haven't you heard? It's Simpson and Thatcher!"
"They've upped yet again!" And before I could catch her,
She jumped up and ran out, spreading news of the raise,
And around our fine law school, great Simpson was praised.

Those firms in New York, they did rouse from their slumber,
And looked with annoyance, at Simpson's new number.
But they upped with a shrug, followed closely by D.C.,
And the tidal wave spread till it reached here in Cali.

Yet this wave acted strangely, for Texas stood dry.
Now upon Texas lay all law school eyes.
And the whispers soon started, and turned to a rumble,
3-Ls like me, we started to grumble.
Some say that fair Texas is loosing ground.
It led things last time, but not this time around.
I guess it's too late for 3-Ls like me,
To take that offer back East for a smooth one-sixty.

So consider this message a plea to the powers -if you're gonna raise, now is the hour!
Please Mr. Smith, at fine Baker Botts, increase starting pay, and increase it by lots.
Honorable Mr. Dilg, at sweet V&E, Judge Elkins would've bumped up, can't you see?
Dear Mr. Pfeiffer, at respected FJ, you could up your pay, why not start today?

If you mess things up now, it won't be the same.
Because next year you all will return to the recruiting game.
And you'll feel a cold shiver deep down in your bones.
Perhaps only then will will my message hit home.
When members of top-10 law reviews,
Turn down the chance at a BigTex interview.

You think BB does not value its home office associates? Try working at King & Spalding, where the firm raised NYC and DC salaries retroactively to Jan 1, and Atl salaries prospectively as of March 1. Talk about a kick in the nuts.

At least you got a raise! NOTHING from Houston BB. Nada. We'l love to hear about a March 1 raise!

what's the deal with nixon peabody? very little discussion on here, no match, anyone hear anything?