Vinson & Elkins LLP.

Vinson & Elkins LLP. - Salary & Benefits

4 Star Rating     4 reviews

https://www.velaw.com 
Main Office:

1001 Fannin Street, Suite 2500 | Houston | TX | 77002

Phone: 713-758-2222 | Fax: 713-758-2346

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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.

Title Branch/
City
Exp. year Period Min Base
Salary
Avg Base
Salary
Max Base
Salary
Min Bonus
Salary
Avg Bonus
Salary
Max Bonus
Salary
Associate New York City 1st Year Yearly   $190,000.00         
Associate Austin 1st Year Yearly   $190,000.00         
Associate Dallas 1st Year Yearly   $190,000.00         
Associate Washington 1st Year Yearly   $190,000.00         
Associate Houston 1st Year Yearly   $190,000.00         
Associate San Francisco 1st Year Yearly   $190,000.00         
Associate Richmond 1st Year Yearly   $190,000.00         

Benefits

  • 401(k)/IRA/Other Retirement Plan
  • 529 College Savings Plan
  • Bar Association Fees
  • Business Casual Dress Code
  • CLE
  • Dental Insurance
  • Domestic Partner Benefits
  • Employee Assistance Program
  • Family/Dependent Care Leave
  • Flexible Spending Account/Pre-Tax Option
  • Life/AD&D
  • Long-term Care Insurance
  • Long-term Disability Insurance
  • Medical Insurance
  • Medical Spending Account
  • Parental Leave
  • Parking/Transportation
  • Relocation Expenses
  • Short-term Disability Insurance
  • Sick Leave
  • Technology (Laptop, PDA, etc.)
  • Vacation Leave
  • Vision Insurance

Benefits Package:

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.

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