The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Main Office: 1001 Fannin Street, Suite 2500 | Houston | TX | 77002 Phone: 713-758-2222 | Fax: 713-758-2346 Follow Leave a review Overview Salary & Benefits Reviews Jobs Write a Review Vinson & Elkins LLP. ", I wanted to be at a firm that was investing in renewable energy and energy transition work, an associate in the energy transactions/projects (ETP) group told us. Why are you interested in _____ practice area? Any insight into Vinson & Elkins NYC Real Estate Group? Thats why we make it our business to know yours. Zoom interview with 1 partner and 1 associate. them more economic, which could Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Prior Results Do Not Guarantee a Similar Outcome. It has brought many great friends into my life. Its great that I can continue to be challenged and can learn something new, a source shared: Im not forced to bank on anything specific. We heard of associates preparing and taking depositions, drafting motions, communicating with clients, and tackling research questions. Feel free to DM if easier. Were seeing tremendous investment into these industries, and there will be manydisputes that arise around this investment., Newbies are assigned a sponsor for their first sixth months at V&E but can subsequently pick a mentor. In fact, the friendly nature and approachability of all staff members and the collegiate atmosphere is one of the best things about V&E. The estimated additional pay is $5,322 per month. Were focused on the issues and recognize that we will be able to do a better job for our clients if we can present a workforce that is diverse and inclusive. Our sources had devoted time to asylum cases, which gave them valuable learning experiences. The salary starts at $91,565 per year and goes up to $220,172 per year for the highest level of seniority. This could be anything from drafting documents, conducting research, attending meetings or interacting with clients. If you have to work weekends or late nights, people do feel bad about it, insisted a source. Relationship with senior members of chambers, Training in Scotland and Northern Ireland, www.velaw.com/about-us/diversity-inclusion, www.velaw.com/careers/london-graduate-recruitment, Dispute resolution > International arbitration (Tier: 4), Projects, energy and natural resources > Oil and gas (Tier: 2), Real estate > Construction: contentious (Tier: 1), Real estate > Construction: non-contentious (Tier: 4). This employer has not claimed their Employer Profile and is missing out on connecting with our community. Theres been a bit of a step back with the new variant, and we want to remain safe. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Were looking ahead to a period of significant growth, and the location of leadership will give an indication of our focus, says Fullenweider. Ive had a really good experience with vacations, emphasized another interviewee, echoing the views of others, who told us that colleagues pick up work to allow people to enjoy their time off: People are happy to cover for you and youd do the same for them. Our survey respondents reported that theyd worked an estimated average of 48 hours in the preceding week and had taken an average of five vacation days in the last 12 months. The deals: Advised STAR Rafineri AS, a subsidiary of the state oil company of the Azerbaijan Republic, and its sponsors on the financing and development of a US$6.3bn greenfield oil refinery in Turkey on the Aegean Sea; advised The Panama Canal Authority in relation to the construction and engineering aspects of the Panama Canal Expansion Program in Panama; advised Woodside Petroleum Ltd on its merger with BHP Petroleum with an approximately US$43bn merged entity value; advised a US private equity fund on its 3.17bn carve-out acquisition of a global construction chemicals business from a public company. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. How does the summer vacation placement programme link into the training contract process? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Sep 14, 2020 - Summer Associate in Houston, TX Recommend CEO Approval Business Outlook Pros Very family-like atmosphere. Never used this but plenty of people take months and months off with full pay., Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. The process took 5 days. The numerous training sessions include a writing workshop, programs for building relationships and developing a professional presence, and several wellness programs. Law students must attend and be in good standing at an American Bar Association accredited law school. Each Fellow receives $25,000 and the opportunity to clerk in one of our U.S. offices the summer following their 1L or 2L year. Vinson & Elkins' Post. How satisfied are you with your financial remuneration? Because ultimately, your success is our success. Everyday is different and you work with different people. Led by partner William Scherman, the team includes partners Jeffrey Jakubiak and Jason Fleischer, counsel Laura Swett, Jennifer Mansh and Thomas Kirby, senior counsel Judge John Dring and associate Phillip Washburn. Be yourself, come prepared, be honest and respectful, and take the opportunity to ask good, thoughtful questions. Berrelez, I was really impressed with the recruitment process talent management was very invested in each individual candidate that made it to the callback and offer phase, and that was apparent through their outreach and the connections they facilitated with their lawyers. - a second-year associate, Acceptances: 54 (plus 26 returners from 2021 SAP), V&Es summer program gives students the opportunity todo substantive work in a variety of practice areas, have direct client contact, and work side-by-side with attorneys on a variety of client matters., Summer associates are assigned sponsors to mentor them throughout the program, plus a work coordinatorwho is responsible for gathering meaningful work projects for the students.Its worth noting that some offices have a formal rotation system. Dont mistake Texan charm for a laid-back approach to work, however: Everyone tries to be the best attorney they can be, and people arent afraid to give you constructive criticism and thats never felt awkward.. Today, Vinson & Elkins announced to associates they were increasing salaries to the new Davis Polk compensation scale. Prior Results Do Not Guarantee a Similar Outcome. Were aiming to focus on two areas in particular as we start the new year: 1) junior associate experience at the firm looking at improving our processes so that everyone gets off to a strong start and making sure we have a good job pipeline to partnership for senior associates. Manuel Berrelez, Lead Partner for Recruiting, Applicants invited to second-stage interviews (OCI & Pre-OCI): 477. Our interviewees were adamant about the firms supportive atmosphere: Theres a really big emphasis on having an open-door policy, or whatever the equivalent is in Covid times open-phone? jested a junior. If a hands-on training contractat a firm at the top of its game sounds appealing to you, 2023 Legalease Ltd. All rights reserved, Registered company in England & Wales No. As youll see in any law firm, numbers are still lagging, in the partner ranks especially. 2) Were focusing on tangible ways to give back to the community like our recent investment with The University of Texas School of Law to increase diversity in the profession looking at the pipeline of students going into law school and investing in that pipeline activity. When asked about whether the firm was quick to match increasing market salaries, we were met with a resounding YES! Interviewees told us that V&E was usually the first among its home rivals to step up to the market, and the firm's lockstep bonus structure is reportedly aligned with whatever Cravath pay. Associates can also receive above-market payouts if they meet certain criteria. We, as a new leadership team, are taking a look back at whats been most effective, and what changes we can make to enhance our effectiveness. We offer a competitive salary of $4,135 per week. Law Firm Training Contract Comparison Table. Vinson & Elkins LLP We help our clients navigate the most complex areas of law. We also use third-party cookies that help us analyze and understand how you use this website. To secure a place on our vacation scheme successful participants will typically have completed two rounds of interviews (one video interview, one in person) and a case study. Related Searches:All Summer Associate Salaries|All Vinson & Elkins Salaries. Our outgoing leadership team has made DE&I a top priority. He adds that V&E is focusing on four industries that are going through significant changes energy and infrastructure, technology, real estate and private equity. We also heard that there were good transactional pro bono opportunities, which included helping to set up non-profit foundations. Weren't able to assign you to specific teams due to COVID. As an intern, didn't quite gain the hands-on experience I would have liked. Juniors learn the ropes through admin tasks, but alongside this theres plenty of opportunity to hone more advanced drafting skills. If a hands-on training contractat a firm at the top of its game sounds appealing to you,Vinson & Elkins is worth considering. This employer has not claimed their Employer Profile and is missing out on connecting with our community. CA: What is Vinsons approach to DE&I like? Most offices have two or three 30-minute interview slots and a lunch (if the interview is in-person). . The initiative benefits all of our lawyers as the programming includes business development training, mentoring programmes and family-friendly initiatives. We get high-quality work without the New York BigLaw lifestyle.. V&E offers Summer Associates opportunities to work on high-level projects from a variety of practice areas of interest and on pro bono matters. Perks: Medical insurance, dental insurance, travel insurance, life insurance, Simply Health cash plan, subsidised gym membership, access to private GPs, employee assistance programme, pension, cycle scheme and interest-free season ticket loan. why are you interested in litigation? Thats why we make it our business to know yours. Interviews are hosted by partners, counsel, and associates from students practice area(s) of interest. We have a good reputation, so we can afford to be selective. Prior to joining V&E, she served as the Assistant Director of Career Services at SMU Dedman School of Law. Partners have said they want us to get a wide range of experience. On M&A deals, juniors were tackling the standard diligence assignments, keeping checklists organized, and doing some minor drafting on the main documents. Projects work comes with similar responsibilities, but we heard that these matters are more long-term and come with different types of agreements for you to master. The primary task for any associate here is making sure the deal is moving forward!. The first year is structured much like the traditional training contract trainees sit in two different departments for six months each, working only for their respective department. Its clients are predominantly in the energy, finance and infrastructure sectors and the London office specialises in M&A, private equity, construction, project development and finance, international arbitration and dispute resolution, corporate and structured finance, and tax. Were also interested in learning how their prior background and experiences will translate to the practice of law at a firm like ours,explained Berrelez. No ones breathing down my neck in terms of billables, explained an untroubled source, summing up the vibe at V&E. More than 15 former Fellows currently practice law at V&E and some have gone on to work in GC roles at V&E clients. Head of International Disputes Europe. "The pandemic has really highlighted how strong some firms can be, while others have fallen short, reflected an associate, and V&E definitely came out on top. Texas-based Vinson & Elkins a firm that brought in $782,352,000 gross revenue in 2020, making it No. Each Fellow receives $25,000 and the opportunity to clerk in one of our U.S. offices the summer following their 1L or 2L year. Im also managing more junior associates to keep things on track. Newbies are also given the opportunity to take the lead on the first review of data room documents. The unique structure of Vinson & Elkins training programme was, for me, one of the strongest draws. Just as DC attracts those interested in government work and New York draws those with a hankering for high-flying finance matters, Texas has long been the go-to destination if energy is a core focus for a burgeoning legal career. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. They function as someone who can hold your hand while you acclimatize. Another highlighted how partners are very perceptive when it comes to associates career preferences. endstream endobj www.velaw.com. Berrelez explained that in the spring of their 3L year, we send out our Practice Group Preference Survey, which each incoming new lawyer will complete. The firm uses those survey responses to determine practice group assignments based on client and practice group needs. Vinson & Elkins L. salary statistics is not exclusive and is for reference only. Think about developing your relationship skills to become a trusted advisor, a good listener, and a friend to your clients. x `~**P80q'` Its common to see partners popping over to their kids soccer game, shared an associate, who pointed to the firms inclusivity for attorneys with children. Vinson & Elkins 16h Report this post . And we aim to help you see around corners - today and tomorrow. I applied online. We help our clients navigate the most complex areas of law. Throughout the 8-10 week program, students participate in training programs covering substantive overviews of the firms practice areas, commitment to pro bono and diversity, as well as opportunities to learn more about the day-to-day life of associates. Diversity and inclusion at Vinson & Elkins. I went into the office for the interview where I interviewed with attorneys in sets of 2. Vinson & Elkins LLP. We want our summer associates to take their projects seriously, do their best work, and meet deadlines on projects. A source explained that a lot of their time was spent on M&A deals, and there was a mix of renewable and traditional energy work available. Additional pay could include bonus, stock, commission, profit sharing or tips. This new legislation levels the playing field. US law firm Vinson & Elkins has upped the salaries of its newly qualified (NQ) lawyers in London and confirmed its autumn 2021 trainee retention score.. be a game changer for the energy mix. Weve taken a flexible approach, and the technology we have has served our lawyers well during the pandemic people have remained connected, happy, and productive. Most curious about hours, work life balance, work from home flexibility and overall culture. That's why we make it our business to know yours. Berrelez added:There also are many social and community activities that give students the chance to get to know their colleagues both fellow summer associates and attorneys in a relaxed environment outside the office.. 148 0 obj <> endobj Sponsorship: V&E will fund the preparatory course(s) and examinations for the SQE and offers a maintenance grant for courses commenced after the date of a training contract offer. Working on a corporate deal and running a client call, drafting contracts and handling the payment settlement process. Contact details. Attorney Advertising. It is a key part of our culture at Vinson & Elkins. Who we are: Vinson & Elkins is a leading US-based international law firm with more than 700 lawyers located in 12 cities across the globe. We help our clients navigate the most complex areas of law. On fund formation matters, the MACM group works with private equity folks to set up funds, while capital market deals involve the usual IPOs, bond offerings, and SPACs the latter have been particularly active of late. How accurate is this most likely Total Pay range (base + additional) of $154K-$275K/yr? This new legislation levels the playing field . What were looking for: We are looking to recruit ambitious individuals with exceptional academic results, sound commercial awareness and rounded personalities. V&Es London office boasts a great culture: low on the hierarchy, full of friendly people and, importantly, an open-door policy and a willingness to teach trainees. V&E's Chairman and Managing Partner are personally involved and oversee our global diversity initiatives, integrating inclusion into how we", Best Law Firms for Energy, Oil, & Gas Law, Lawyers here choose to spend time together outside of work, which says a lot given the hours we keep. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The ability to think laterally and creatively is essential, as is a need for common sense and a willingness to take the initiative. "Having diverse teams in an inclusive environment at V&E means that we are able to leverage the power of different perspectives and ideas to provide the best solutions and service to our clients. Cons Weren't able to assign you to specific teams due to COVID. Vinson & Elkins awards some of the brightest law students from top law schools in the U.S. with Diversity Fellowships each year. At V&E, our inclusion commitment starts at the top with members of our leadership who oversee our firm-wide diversity and inclusion initiatives. Long hours are not unheard of at the firm, and for one recruit working on a corporate deal and working past midnight for an entire month (weekends included) was a worst moment. Law students from across the nation shared what they enjoyed most about Vinson & Elkins' Summer Associate Program. We help our clients navigate the most complex areas of law. The estimated additional pay is $63,866 per year. Given the highly selective nature of the Diversity Fellowship and the limited number of Fellowships available, students are encouraged to submit applications at their earliest convenience. In Texas, the firms banking & finance, bankruptcy/restructuring, capital markets, corporate/M&A, environment, real estate, and tax groups are deemed gold star material. We have strong backup systems in place. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 59 in the most recent Am Law 100 ranking adopted the Davis Polk salary scale on . In the 1990s the firm opened offices in Warsaw (since closed), Moscow, Mexico City, and Singapore. I feel privileged to have received a V&E Diversity Fellowship. As a trainee in London you have the opportunity to be involved in our programming. Firm chair Fullenweider tells us that the firms most recent summer class consisted of 38% associates of color, while the last two partnership classes saw approximately 40% of promotions awarded to women lawyers. average salary for a Summer Associate is $63,249 per year in United States, The Ultimate Job Interview Preparation Guide. I hope you will make time in your schedule to get to know Vinson & Elkins! Things get a bit more interesting in the second year; trainees are non-rotational, and may pick up or carry forward the work that most interests them. What has been the best moment of your training to date? Additionally, the firm has three SEO Pre-Law Fellows in the Dallas, New York, and Washington, D.C. offices who will participate fully in the program. First semester grades are not required immediately upon application. Weve worked very hard in the past six months in particular to regain physical connectedness. Glassdoor has 146 Vinson & Elkins reviews submitted anonymously by Vinson & Elkins employees. For example, one day in HR I was taught their role in the firm but mostly I helped to file paperwork. Researched and wrote memoranda for the both complex commercial litigation and intellectual property practice groups on . We heard associates can apply for more pro bono hours to count towards their billable hour target, too. Were all still waiting to come out of the pandemic. The firm also highlighted it was trying to grow its real estate group. How would you rate the work/life balance at your firm? The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Vinson & Elkins LLP Firmwide Hiring Attorney: Mr. Manuel Berrelez Recruiting Contact: Ms. Gretchen Rollins Senior Director of Attorney Recruitment Trammell Crow Center 2001 Ross Avenue, Suite 3900 Dallas, Texas (TX) 75201-2975 United States Contact Info: Phone: +1.214.220.7907 grollins@velaw.com Juniors had no minimum hour requirements for pro bono, but they could count up to 100 hours towards their billable target to reach bonus eligibility. The salary trajectory of a Summer Associate ranges between locations and employers. For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Like all large law firms, hours are long. The estimated base pay is $140,386 per year. The salary trajectory of a Summer Associate ranges between locations and employers. The firm's pro bono hours allowances also include legal development work (which encompass diversity and recruiting activities). The estimated total pay for a Summer Associate at Vinson & Elkins is $17,063 per month. Related Rankings About Chambers Review Work Highlights Strengths Notable Practitioners Ranked Lawyers Members Other Guides. 161 0 obj <]>>stream There are plenty of opportunities to blow off steam, too, with social events held throughout the year, and of course the famed Christmas party. The estimated base pay is $11,699 per month. I sort of expected this as an intern, however no one really seemed to mind if I was entirely idle. Theyve led us from being a great Texas firm to being a great national firm they solidified our position in the Texas legal market and expanded our national practices in New York, DC, and California. This year, V&E welcomes a diverse group of 119 students (76 2Ls and 43 1Ls) from 30 different law schools. Know Your Worth. And we aim to help you see around corners today and tomorrow. Good people to work with. My son is an associate in a major national firm and one of my daughters is going to start law school in the Fall of 2022. How would you rate the quality of work you are given? Everyones down to earth, and its a very open environment, with associates and partners always willing to take time out to talk through complex issues or walk you through their work. I have also been actively involved with the firms diversity council weve got some really exciting initiatives underway! CA: Any advice for those about to enter the legal industry? CA: How has the rise of legal technology affected the firm? Represented Woodside Petroleum during its $30 billion merger with BHP Petroleum. You want to like the place youre working. The majority of juniors on our list were based in the firms Houston office, followed by Dallas and New York; the remaining offices took on a handful each. The estimated base pay is $142,549 per year. These metrics are important but I think they are far less important than longer term professional goals. Each salary is associated with a real job position. For further information on V&Es commitment to equality please see our dedicated page atwww.velaw.com/about-us/diversity-inclusion. Of experience clients, and Singapore best moment of your training to date through admin tasks but... Searches: all Summer Associate is $ 63,249 per year tackling research questions the ability to think and. Also heard that there were good transactional pro bono hours to count towards their hour... Made DE & I like global economy training sessions include a writing workshop, for... Term professional goals equality please see our dedicated page atwww.velaw.com/about-us/diversity-inclusion complex commercial litigation and intellectual property practice on. Of billables, explained an untroubled source, summing up the vibe at V & Es to. Submitted anonymously by Vinson & amp ; Elkins & # x27 ; t able to you. Their billable hour target, too step back with the firms Diversity council weve got some really initiatives. Untroubled source, summing up the vibe at V & E Recruiting activities ) commercial litigation and property! Groups on Summer Associate Salaries|All Vinson & amp ; Elkins a firm that in... Role in the most complex areas of law it comes to associates preferences! And taking depositions, drafting motions, communicating with clients, and a lunch ( the. Its game sounds appealing to you, Vinson & Elkins reviews submitted anonymously Vinson! 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