Two more Texas firms have announced first-year salary increases. Dallas-based firms Jackson Walker and Gardere Wynne Sewell are matching the new TX market rate of $160,000. Gardere’s new starting salary will be effective Sept. 1, but there is no bonus associated with it. Jackson Walker’s raise will not be effective until Jan. 1, 2008; it includes a base salary of $140,000 plus a $20,000 bonus, $15,000 of which the new associates will receive immediately. Neither firm has decided on a new compensation structure for more senior associates.
Source: www.nylawyer.com