The Texas Lawbook

Free Speech, Due Process and Trial by Jury

Texas Legal Market Free Agency Continues with $5M to $13M Annual Comp Offers

Correction: In a previous version of this article, The Texas Lawbook mistakenly attributed three lawyers who left Vinson & Elkins for other law firms as partners when they were actually associates or counsel at V&E. They were hired by their new law firms as partners. The Lawbook apologizes and regrets the error.

Before 2024 was even 36 hours old, Willkie Farr announced on Jan. 2, 2024, that private equity dealmaker Sarah McLean was moving her law practice from Shearman & Sterling to their firm. By Jan. 4, seven more Texas law partners had switched firms. Eleven months later, 2024 ended with six corporate and real estate partners from Locke Lord jumping to BakerHostetler.

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