Lawyer Pay
Haynes and Boone Sets Incoming Associates' Pay to $145K
The 38 first-year associates who start Monday at Haynes and Boone offices in Texas will do so at a $145,000 annual salary—although that may only be for the last month of 2009.
“We haven’t decided what we are paying in 2010. We are trying to figure out what the market is,” Richard Fijolek of Dallas, the firm’s financial partner, told Tex Parte. Fijolek says he wants to see where the BigTex market rate settles before setting salaries for 2010.
BigLaw salaries for first-years have been in a downward trend: Morrison & Foerster also scaled its salaries down to $145,000 for its offices outside of Texas and Asia, and Reed Smith now has starting pay ranges set between $110,000 and $130,000.
