Lawyer Pay

Texas Law Firms Jump on the Spring Bonus Bandwagon

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At least two law firms with offices in Texas are following the lead of several large New York law firms and paying spring bonuses.

Vinson & Elkins and Akin Gump Strauss Hauer & Feld will dole out bonuses this month, report Texas Lawyer and Above the Law. V&E and Akin Gump, which are giving bonuses to associates and of counsel who received year-end bonuses, will pay up to $20,000. The firms are apparently trying to stay competitive with New York law firms that started the spring bonus trend.

At V&E, bonuses range from $2,500 to $11,250 for associates and up to $20,000 for of counsel, Texas Lawyer says. At Akin Gump, bonuses range from $2,500 to $20,000.

Representatives of Thompson & Knight and Bracewell & Giuliani told Texas lawyer they are also considering bonuses.

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