Texas-based Vinson & Elkins to pay spring bonuses

Texas based firm Vinson & Elkins, has announced that it will pay spring bonuses. The announced bonuses are below the scale set by Cravath Swaine & Moore: • Class of 2010: $2,500 (Cravath scale: $2,500) • Class of 2009: $5,000 (Cravath scale: $7,500) • Class of 2008: $5,000 (Cravath scale: $7,500) • Class of 2007 and more senior: 25% of your 2010 year-end bonus As pointed out by AboveTheLaw: ‘In defense of Vinson & Elkins, though, remember that Cravath and S&C are New York-centric, while V&E is Texas-centric. Bonus money goes a lot further in Texas than in Manhattan.’

Texas-based Vinson & Elkins to pay spring bonuses abovethelaw.com Thu, Apr 21, 2011