We want our summer associates to take their projects seriously, do their best work, and meet deadlines on projects. 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. Eight Vinson & Elkins Lawyers Named to 2023, Vinson & Elkins Adds Leading Tax Controversy Lawyers, Matador Resources Company Announces $1.6 Billion Strategic Bolt-on Delaware Basin Acquisition. Does anyone have any insight into the culture at Vinson & Elkins in Texas? I am considering lateraling and would appreciate any insight. Both interviewers were female and were very personable and easy to talk to. 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). About Vinson & Elkins For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. The process took 5 days. V&E offers a number of diversity fellowships that award law students $25,000 and a clerkship opportunity in their 1L or 2L year. Went through initial interviewing and then got an email to set up additional interviews afterwards. Lasted about 30 minutes. With the increase in compensation, the industry has increased its focus on billable hours and revenue generation. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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 heard associates can apply for more pro bono hours to count towards their billable hour target, too. Know Your Worth. Most curious about hours, work life balance, work from home flexibility and overall culture. 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. CA: How has the firm weathered the pandemic and has it affected the firms long-term strategy? The program will run until July 23, 2021. 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. 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. Call-back offers are made within several days for students to return for a follow-up interview. 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. Why do you want to work here? In late 2021, V&E achieved Mansfield Rule 4.0 Certification after collaborating with Diversity Lab; the firm subsequently signed up to take part in the next iteration of the process, Mansfield 5.0. 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. These metrics are important but I think they are far less important than longer term professional goals. 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. The average salary for a Summer Associate is $63,249 per year in United States, which is 69% lower than the average Vinson & Elkins salary of $204,252 per year for this job. Why did you choose this firm over any other? Think about developing your relationship skills to become a trusted advisor, a good listener, and a friend to your clients. Just received piecemeal work. 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. Your input helps Glassdoor refine our pay estimates over time. 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. Just received piecemeal work. 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.. Thank you! The challenge is keeping up with the opportunities that are presented to us. Follow the firm on LinkedIn, Twitter, Instagram and Facebook. How is the training programme structured at Vinson & Elkins? Related Searches:All Summer Associate Salaries|All Vinson & Elkins Salaries. Better pay than some comparable firms was also an enticement. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. So this question is personal to me as well as something I think a lot about as a leader of our firm. The firm also collects resumes from numerous other schools. Many of our lawyers were also on law review or took part in other prestigious activities. This year, V&E welcomes a diverse group of 119 students (76 2Ls and 43 1Ls) from 30 different law schools. We are committed to sustaining our focus on diversity and, in particular, the retention of our women and diverse lawyers, and to do so we work to ensure our initiatives permeate our structure, policies and programmes. The questions were relatively bland because of the short amount of time but the conversation flowed easily. 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. I went into the office for the interview where I interviewed with attorneys in sets of 2. Juniors learn the ropes through admin tasks, but alongside this theres plenty of opportunity to hone more advanced drafting skills. Maintained this atmosphere doing virtual internships. 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. Departments to date: Complex commercial litigation; Energy, transactions and projects; Mergers and acquisitions and capital markets; Employment, University: Im doing the first draft of the document by taking the precedent we have and incorporating comments. Prior to joining V&E, she served as the Assistant Director of Career Services at SMU Dedman School of Law. Vinson & Elkins Texas Tower 845 Texas Avenue, Suite 4700 Houston, TX 77002 Phone number: (713) 758-2222 Visit Website: www.velaw.com Back to: Vinson & Elkins Summer Program: Learn More Main Profile START YOUR SUCCESS STORY AT V&E Our strategy for success is simple. We get together very regularly (lunches in office every Wednesday, dinners at partners' houses once a month, firm happy hours about once a week). The clients: Equinor; Saudi Aramco; SOCAR; Saipem; Apollo; Panama Canal Authority. How much will you earn as a trainee and newly-qualified solicitor? The ability to think laterally and creatively is essential, as is a need for common sense and a willingness to take the initiative. How much involvement do trainees have in the deals and transactions they are assisting on at Vinson & Elkins? We all work hard to learn the profession it's a hard profession, and thats not necessarily a bad thing. xc```f``"901 r. In Texas, the firms banking & finance, bankruptcy/restructuring, capital markets, corporate/M&A, environment, real estate, and tax groups are deemed gold star material. 161 0 obj <]>>stream Sep 14, 2020 - Summer Associate in Houston, TX Recommend CEO Approval Business Outlook Pros Very family-like atmosphere. Thecommercial litigation group certainly keeps associates on their toes: One minute youre working on an arbitration and then it becomes a state court matter. This could be anything from drafting documents, conducting research, attending meetings or interacting with clients. Lawyers can have big egos and be hard-headed, but I have yet to meet a V&E attorney with an ego problem. New Yorkers identified a southern feel to the office that was in keeping with the polite and considerate atmosphere recorded in the Texas bases. As youll see in any law firm, numbers are still lagging, in the partner ranks especially. Vinson & Elkins, led by chairman Mark Kelly, has long had deep relationships with the world's biggest businesses in oil and gas, electricity, mining and petrochemicals. However, this source was quick to note that although the firm is largely Texas-based, its clients are spread nationally and internationally: We get high-quality work without the New York BigLaw lifestyle. Associates who do fancy New York BigLaw with a touch of southern hospitality can set up camp in V&Es Manhattan base, where the firms bankruptcy and restructuring know-how outshines many a rival. In the 1990s the firm opened offices in Warsaw (since closed), Moscow, Mexico City, and Singapore. Vinson & Elkins LLP. We heard that each office has its own strengths: Houston is reportedly big on M&A, while New York isa go-to for project finance and private equity, and LA deftly handles tax equity matters. 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. What youll do: The firm operates a partially non-rotational training system; during their first year trainees work primarily within the departments in which they sit and during their second year trainees work across all practice areas and have more freedom to tailor their training. Were all still waiting to come out of the pandemic. A Future Lawyers Winner for inclusiveness, many recruits applied to the US firm because of the smaller intake of trainees, which in turn leads to more work & client exposure. Contact details. Lets say profit per partner grows 5% to $5.46 million. Firm chair Keith Fullenweider took the reins in early 2022 alongside three new vice-chairs. Other offices: Austin, Dallas, Dubai, Houston (head office), Los Angeles, New York, Richmond, Riyadh, San Francisco, Tokyo, Washington. Having problems? Making connections with V&Es current lawyers who serve as mentors is also a key strength of the program even in a mostly virtual environment. Texas-based Vinson & Elkins a firm that brought in $782,352,000 gross revenue in 2020, making it No. A selection panel will evaluate all completed applications, conduct interviews, and announce Fellowship recipients on a rolling basis. Attorney Advertising. In 2020, V&E extended offers to 100% of its Summer Associates. Interviews at Vinson & Elkins Experience Positive 67% Neutral 33% Getting an Interview Applied online 75% Campus Recruiting 25% Difficulty 2.6 Average Hard Average Easy Interviews for Top Jobs at Vinson & Elkins Summer Associate (6) Associate (4) Summer Vacation Scheme (3) Vacation Scheme (2) See more interviews for top jobs At SMU . 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. Get Insights Delivered Straight to Your Inbox. Law students must attend and be in good standing at an American Bar Association accredited law school. Our outgoing leadership team has made DE&I a top priority. 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. I hold an office lead role for a number of the firms diversity initiatives to support participation and progress in London, as I believe strongly in the work we are doing to achieve equality inclusive of diverse interests, backgrounds, perspectives, race, ethnicity, national origin, gender, gender identity and expression, sexual orientation, age, religion, and physical ability. The aim is to stay connected to our clients and each other regardless of location. This new legislation levels the playing field Smaller intake of trainees so more work and client exposure, better pay, interest in energy/infrastructure industry sectors, it seemed like a friendly place to work, I wanted a hands-on training contract, Great culture: low on hierarchy, friendly people and open-door policy, willingness to teach trainees, the friendly nature and approachability of all staff members and the collegiate atmosphere. Get a free, personalized salary estimate based on today's job market. 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 2023 2L Diversity Fellowship application is now closed. Great people, nice environment, interesting cases. Although our lawyers tend to have good grades, I think the review of candidates is pretty holistic. Law students from across the nation shared what they enjoyed most about Vinson & Elkins' Summer Associate Program. 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. CA: Any advice for those about to enter the legal industry? We'll assume you're ok with this, but you can opt-out if you wish. Vinson & Elkins Apply now The Legal Cheek View Autonomy, responsibility, long hours and a lucrative pay package Vinson & Elkins (V&E) offers the quintessential American firm experience for. Its exciting to feel like youre making a real contribution, and to have the opportunity to work closely with everyone from associates to partners. But many of its offices are now under mandatory stay at home orders that are expected to remain in effect through April and . If you did a vacation scheme with your firm, how would you rate it? Theres been a bit of a step back with the new variant, and we want to remain safe. 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. Researched and wrote memoranda for the both complex commercial litigation and intellectual property practice groups on . Vinson & Elkins has added a team of eight litigators to its Energy Regulatory practice. V&E Lead Partner for Recruiting, Manuel Berrelez, tells us:We select schools primarily based on their rankings, and beyond the top 20, we look at other great law schools where we have historical relationships, such as U of H in Houston, SMU in Dallas, and Fordham in New York. He notes the firm interviews between 20 and 60 students at each OCI, but he says:The number of total interviews we conduct has decreased over the last few years as the number of students we have interviewed outside of OCI has increased., Partners, counsel, and associates who represent a variety of offices and practice groups conduct the interviews, and the firm aims to make sure the interviewers have diverse backgrounds. 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. What were looking for: We are looking to recruit ambitious individuals with exceptional academic results, sound commercial awareness and rounded personalities. About Vinson & Elkins No specific deadline available at last review, 12/31 is a placeholder. We do lots of firm sponsored dinners and happy hours, but I have never felt pressure to attend any social events. Work assignment at V&E has historically been free-market and based on associates interests and availability, but as the firm has moved into a hybrid working arrangement theres an emphasis on even allocation they introduced a work allocation committee to look at workflow within larger practice groups. Firm reached out through their recruiter. They all knew my resume well and asked relevant questions, especially questions about the most fun parts of my resume. Its an interesting time for us. If youre looking for an opportunity to work with a dedicated team of passionate, high-energy professionals and do rich, meaningful work in a welcoming and diverse environment, we invite you to consider Vinson & Elkins. 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.. Day-to-day atmosphere is collaborative and friendly. Why are you interested in _____ practice area? This employer has not claimed their Employer Profile and is missing out on connecting with our community. As such, the work is incredibly varied; an M&A deal may see me liaising with counsel in Equatorial Guinea in relation to the acquisition of offshore exploration and production assets, whereas projects work may involve drafting contracts for the engineering and construction of a major waterways project in Central America. Traditional M&A deals involve both public and private companies, and the group advises on the buying and selling of equity or assets. Interviews are hosted by partners, counsel, and associates from students practice area(s) of interest. The firm's pro bono hours allowances also include legal development work (which encompass diversity and recruiting activities). CA: Would you say that Vinson & Elkins is in growth mode? In fact, the friendly nature and approachability of all staff members and the collegiate atmosphere is one of the best things about V&E. In addition, V&E has great specialists in almost every practice area you can think of, and as a junior you get to coordinate with and learn from each of them, a proud associate declared. More importantly, the scheme gives participants the chance to establish whether or not the firm is right for them. Additional pay could include bonus, stock, commission, profit sharing or tips. Since the program launched in 2008, V&E has awarded 145 Fellowships. Prior Results Do Not Guarantee a Similar Outcome. It allows the market, innovators, and still get the benefit of certain tax benefits, Vinson & Elkins Expands Energy Regulatory Practice with Addition of Prominent Litigation Team, Cybersecurity and AI: Understanding and Mitigating Common Cybersecurity Threats to AI Models, Eight Vinson & Elkins Lawyers Named to 2023, Treasury Issues IRA Guidance on Section 48C Advanced Energy Project Credit, Zach Terwilliger to Speak at the American Bar Associations 38th National Institute on White Collar Crime, Infocast Solar + Wind Finance & Investment Summit, PLI's Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2023, Vinson & Elkins Advised Baytex Energy in Entering into a Merger Agreement to Acquire Ranger Oil Corporation a Pure Play Eagle Ford Company, Focus Financial Partners To Be Acquired By Clayton, Dubilier & Rice, Vinson & Elkins Selects Counsel and Associates for Leadership Council on Legal Diversity Initiatives, Vinson & Elkins Earns Mansfield Rule 5.0 Certification for Focus on Diversity, Vinson & Elkins Pledges Commitment to Leadership Council on Legal Diversitys Leaders at the Front Initiative. 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. We offer a competitive salary of $4,135 per week. People genuinely like spending time together while working or otherwise. A longer interview at the law firm with several attorneys. July 16, 2020 Alongside the firm's 134 summer associates, Vinson & Elkins welcomed two Sponsorship for Educational Opportunity (SEO) pre-law interns to the 2020 Summer Associate Program - Konadu Amoakuh and Virginia Thomas, who will both be attending law school in the fall. We have a good reputation, so we can afford to be selective. Were a firm that draws in smart, entrepreneurial professionals eager to engage and make an impact. The Ultimate Job Interview Preparation Guide. It is a key part of our culture at Vinson & Elkins. 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. Remember that the summer program is a 10-week job interview. The estimated base pay is $142,549 per year. 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. 5 out of 6 rookies stay put. We had a partners retreat in October, and there has been a lot of travel between offices. Thats what sets V&E apart. As part of this, youre encouraged to build cross-office relationships and gain exposure to different types of work. It is also helpful for us to know their practice area(s) of interest, which can help direct the conversation, and help us when making decisions regarding callback interviews. 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. 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. There will be some fantastic opportunities for Vinson & Elkins to do some of the most interesting legal work. The estimated additional pay is $63,866 per year. We look for students who are driven, and have been active and/or served in leadership roles in on-campus activities, both in undergrad and in law school. The firm also is partnering with another client in Houston, inviting a Summer Associate to join the clients Diverse Summer Associate Virtual Program for a oneweek in-house learning experience with its legal department. In fact, the friendly nature and approachability of all staff members and the collegiate atmosphere is one of the best things about V&E, In terms of highlights, one trainee particularly loved working on a corporate deal and running a client call, drafting contracts and handling the payment settlement process. V&Es 2021 Summer Associate Program Launches, V&E is excited to welcome two students from the. 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. M&A/capital markets clients: Bonanza Creek Energy, Apollo Global Management, Enable Midstream Partners. This year, V&E welcomes a diverse group of 119 students (76 2Ls and 43 1Ls) from 30 different law schools. Get to know the business side of a law firm. As a V&E Summer Associate, you will have real opportunities to do substantive work in a variety of practice areas, have direct client contact, and work side-by-side with accomplished attorneys who care about your success. In terms of compensation, juniors gave the firm a thumbs up. The estimated total pay for a Summer Associate at Vinson & Elkins is $204,252 per year. Working on a corporate deal and running a client call, drafting contracts and handling the payment settlement process, What has been the worst moment of your training to date? Know the business side of a step back with the polite and considerate atmosphere recorded in the ranks. On track the first review of data room documents, Inc. `` Glassdoor '' logo! Alongside three new vice-chairs fun parts of my resume common sense and a willingness to take projects. About to enter the legal industry our community on the first review of data room documents part of our tend... Of $ 4,135 per week and has it affected the firms long-term?. Has not claimed their employer Profile and is missing out on connecting with our community lets say profit partner... Willingness to take the opportunity to ask good, thoughtful questions most interesting legal work flexibility! A resounding YES a hard profession, and announce Fellowship recipients on rolling! 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