Vinson & Elkins, LLP
Vinson & Elkins, LLP
|Main office||1001 Fannin Street, Suite 2500 | Houston | TX | 77002|
|Year of establishment||1917|
|Number of offices||16|
|Number of attorneys||698|
|Number of associates||397|
|Number of partners||252|
|Partner: associate ratio||0.60|
|Percent women attorneys||33.30|
|Percent minority attorneys||16.30|
|Percent gay attorneys||2.20|
For almost a century, Vinson & Elkins lawyers have provided innovative business solutions for clients whose needs are as diverse as the entities they represent. In today's challenging environment of global markets, volatile economies, and complex human and environmental issues, our law firm’s time-tested role as trusted advisor has become even more critical. The depth and breadth of V&E lawyers' experience, combined with the responsiveness and efficiencies of the firm's global reach, enables Vinson & Elkins to serve clients from start-up, to the negotiating table and boardroom, before legislative and regulatory bodies, in the courtroom, and beyond. Vinson & Elkins LLP began in Houston, Texas, as a two man partnership in 1917, when James A. Elkins and William A. Vinson joined professional forces with a studied eye to the future. Both men were ambitious to establish a law firm that would endure, and offer other lawyers the opportunity to prosper and achieve their goals. Vinson recalled the founding partners' fateful decision to merge in this way: "We chatted awhile, and a sudden thought struck me-Here is your man!" Vinson asked, "How would you like to come to Houston?" Elkins replied: "That is the ambition of my life, make me a proposition." The proposition was a partnership, and Elkins' response was unhesitating: "I accept." This was the beginning of Vinson & Elkins LLP In those days, the oil boom was already transforming Texas and the world, and Houston was home to much of the energy industry's activity. V&E "cut its teeth" on oil and gas matters, and remains one of the world's leading energy law firms. Today, the firm has expanded its practices to include Mergers and Acquisitions, Aviation, Environmental, Finance, and more. And as the marketplace has become global, Vinson & Elkins continues to expand globally, serving clients worldwide.
Areas of practice
Awards and recognitions
Vinson & Elkins has been recognized by many energy sector publications for its contribution in the energy law. Also, the firm has received several awards for its performance in the law field.
It has been recognised as 'The World's Leading Energy Law Firm' by Euromoney Magazine 2010 - 2011. In 2011, Chambers & Partners recognized V&E in Projects & Energy: Oil & Gas: Global-wide.
Vinson & Elkins ranked as the top law firm in the US in three practice areas for the 2012 Acquisition International M&A Awards. The firm was named 'SA Energy Law Firm of the Year,' 'USA Reorganization Law Firm of the Year,' and 'Environmental Litigation Law Firm of the Year - New York.'
The firm has ranked as a number one legal advisor in Infrastructure Journal's Project Finance League Tables (Corporate Finance, Financial Close) for the first half of 2012.
V&E considers academic achievement in law school and undergraduate school. It also considers school-related and extracurricular activities, work experience, foreign language proficiency, and the ability to communicate effectively.
It looks for individuals who encompass its mission and vision of academic excellence, teamwork, diversity and inclusion. The firm recruits through job fairs as well as through campus placements. It visited 27 schools for campus recruitment's in 2011 and attended two job fairs during the year.
V&E's commitment to promoting and encouraging diversity is illustrated by its policies, initiatives, and programs established within the firm, such as firm-supported organic Affinity Groups. The firm believes that it has both an extraordinary opportunity and a special responsibility to maintain a culture that nurtures diverse interests, backgrounds, and perspectives - inclusive of race, ethnicity, gender/gender-identity, age, sexual orientation, religion, or physical handicap.
Summer associate program
Vinson & Elkins has summer programs in each of its domestic offices. The program ranges from six to 10 weeks. The work is assigned by an attorney coordinator, and the assignments range from 'tangential issues' to 'important issues that would make a direct impact on litigation.'
Trainings are held during the first week of the summer, and after that there are optional practice group presentations. The firm also offers a Public Interest Split Summer Program, which allows two second-year law students the opportunity to spend the second half of their summer at a public interest organization while receiving the firm's weekly salary for up to six weeks.
In 2009, V&E gave offers to 74% of its 130 summer associates. In 2010, the firm reduced the size of the summer class to 72 members, but gave offers to 92% of them. For the summer program, the firm has set the compensation at USD 3077 per week.
Salary & benefits
Vinson & Elkins's starting salary ranges from $145,000 to $160,000, depending on the office. Firm's profits per equity partner in 2009 - the most recent year for which data are available - were $1,270,000,.
There is a set bonus for first-year associates; more senior associates are eligible for different bonus levels at 1,950, 2,150, and 2,300 hours.
A market leader among Texas firms, V&E was the first Texas-based firm to set first-year associate compensation at $160,000. However, the firm is said to have a confusing compensation system.
V&E also reimburses for a bar review course and exam expenses. Other benefits offered by V&E include laptop computers, access to a 24-hour concierge and errand service, monthly wine-tasting dinners for attorneys and guests, subsidized parking, and subsidized gym memberships.
Large portion of medical, dental, life, and long-term disability insurance; savings plans; paid maternity leave; phase-in maternity leave return policy; flexible work arrangement opportunities; flexible benefit plan for medical and dependent care; ABA state and local bar organization memberships.
Laptop computers with remote access and Blackberry devices. Option for a $200 reimbursement on an alternative smart phone and a monthly data plan stipend.
Working for the Vinson & Elkins, LLP
In the news
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