Anonymous User wrote:Based on this rationale, it seems HB has no chance of matching...
Haynes Boone (approx. $0.957M PPP, 1.84 EP:Assoc. leverage)Anonymous User wrote:NakedPowerOrgan wrote:Some fun facts, maybe useful to law students during OCI:
$1.4 million PPP seems to be around the sweet spot for where it becomes likely that you'll at least see a raise when the market moves. 90 percent of firms in the AmLaw 200 with over $1.36 million PPP have matched salary raises. 85 percent of AmLaw 200 firms at or below that mark have not announced salary matches or have announced they will not match. Zero firms below $1.28 million PPP have announced salary raises and bonuses.
Nearly all firms (approx. 90 percent) above $2.0 million PPP have announced matches to both bonuses and raises. Boies not announcing yet and Cooley denying summer bonuses are the two most prominent exceptions in that group.
Roughly $1.4 million to $2 million PPP seems to be where it gets interesting. Around 75 percent of firms in that range have matched salaries but around half of those firms have refused to supplement those raises with bonuses.
This is a very useful post.
TK has below 1.28M PPP and announced full salary match and bonuses (though bonuses were tied to hours/productivity). Will be interested to see how HB responds. In Texas, if V&E does something, BB has to respond. But then after that, it seems like HB, TK, Fulbright, Bracewell, Locke and Hunton/AK are sort of in the same group in that they don't necessarily have to do what V&E/BB do, but if a majority of that group does something, it seems like the rest have to fall in line. So now that Fulbright and TK have taken very different approaches, will be interesting to see how the respond.