Law students from across the nation shared what they enjoyed most about Vinson & Elkins' Summer Associate Program. Vinson & Elkins 16h Report this post . In an email to summer associates, Vinson & Elkins hiring partner Steve Gill said that the firm is delaying the start of its 2020 program to no earlier than June 15. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Also included throughout V&Es Summer Associate Program are development programs such as writing and negotiations workshops and a litigation bootcamp, as well as programs on feedback, mental wellness, and affinity group and social gatherings. CA: How has the firm weathered the pandemic and has it affected the firms long-term strategy? Vinson & Elkins annual Summer Associate Program for its U.S. offices kicked off virtually on May 17. With purposeful involvement from top leadership and active allies across our firm, V&E's inclusion efforts are focused on solutions that allow us to attract, retain, and promote the best and brightest lawyers. Lets say profit per partner grows 5% to $5.46 million. Our outgoing leadership team has made DE&I a top priority. Vinson & Elkins has added a team of eight litigators to its Energy Regulatory practice. 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 all work hard to learn the profession it's a hard profession, and thats not necessarily a bad thing. I feel privileged to have received a V&E Diversity Fellowship. The first stage: recruitment on and off campus, Vinson & Elkins visits roughly 30 law schools and job fairs, plus diversity-focused events each year. M&A/capital markets clients: Bonanza Creek Energy, Apollo Global Management, Enable Midstream Partners. 150 0 obj <>stream Its common to see partners popping over to their kids soccer game., Nobody takes themselves too seriously, was a common statement used by associates to describe the people at V&E, with this source proudly declaring: From the top down, the attorneys are just great people. A few sources reckoned that V&E looks to place attorneys in counsel positions for at least a year before they go up for partnership (though this depends on the individual), so the path was viewed as a little longer but definitely attainable if you really push for it.. Im honored to have been a V&E Diversity Fellow in 2012 and now to work at V&E. V&E is continuing its long-running partnership with Leadership Council on Legal Diversity to offer 1Ls a three-day . How much will you earn as a trainee and newly-qualified solicitor? Great culture!! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Twenty minute screening interview through law school OCI which occurs at the law school. CA: How has the rise of legal technology affected the firm? The 2023 2L Diversity Fellowship application is now closed. 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. We also value previous work experience, especially where students have had the opportunity to develop team-oriented skills and demonstrate problem-solving qualities,says Berrelez. Just received piecemeal work. 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? We recognise that being a more diverse firm with a truly inclusive culture will help drive our long-term success, both in retaining our top talent and in serving our clients needs. Entry-Level Recruitment Operations Manager, Senior Associate - Corporate Governance & Board Representation. We now have leadership based in four different offices Houston, New York, Dallas, and Austin and the team is made up of two corporate and two litigation attorneys. Hours can be long, but theres a fantastic sense of camaraderie, and people are always appreciative of the time you put in. Other V&E diversity initiatives include our LGBTQ+ Alliance and our New Parent Mentoring Programme, which have both seen a rise in members in our London office. At the same time, we want people to be together physically in the office. 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. Our deals and disputes are generally staffed in a lean fashion, which means that trainees play an integral role in each team, and are actively encouraged to take on meaningful work. But many of its offices are now under mandatory stay at home orders that are expected to remain in effect through April and . 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. With the $123 million left over, you could make 22 new equity partners at an average PPP of $5.46 million. In fact, the friendly nature and approachability of all staff members and the collegiate atmosphere is one of the best things about V&E. 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. Its exciting to feel like youre making a real contribution, and to have the opportunity to work closely with everyone from associates to partners. Great place to work. 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, What is the best thing about the firm? How accurate is this most likely Total Pay range (base + additional) of $154K-$275K/yr? Traditional M&A deals involve both public and private companies, and the group advises on the buying and selling of equity or assets. No ones breathing down my neck in terms of billables, explained an untroubled source, summing up the vibe at V&E. Juniors learn the ropes through admin tasks, but alongside this theres plenty of opportunity to hone more advanced drafting skills. 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. 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. Think about developing your relationship skills to become a trusted advisor, a good listener, and a friend to your clients. Great people, nice environment, interesting cases. Continuing its focus on building an inclusive workplace, in this years Summer Associate Program: Students began this years Summer Associate Program online, but with the safety of students a priority, V&E expects to have optional, small in-person gatherings later in the summer for students who choose to join. People are happy to take the time to answer your questions and just chat over coffee or lunch. Youre not married to your sponsor! one source joked. Vinson & Elkins LLP. This employer has not claimed their Employer Profile and is missing out on connecting with our community. I interviewed at Vinson & Elkins. First semester grades are not required immediately upon application. 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. The firm didn't make the decision lightly, Gill said. V&E grew their revenue by $45 million last year. V&Es 2021 Summer Associate Program Launches, V&E is excited to welcome two students from the. 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. Represents medical device entity Neovasc in relation to an anonymous online defamation campaign that was waged against the company. 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. V&Es Diversity Fellowship application is open to all second-year law students and first-year law students, regardless of race/ethnicity, color, religion, citizenship, national origin, gender, age, sexual orientation, gender identity, gender expression, marital status, military service, disability, or any other characteristic or condition protected by applicable law. Featured Highlights Insight Winter 2023 Antitrust Cartel Primer May 20, 2021 Vinson & Elkins' annual Summer Associate Program for its U.S. offices kicked off virtually on May 17. 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. 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. As associates approach the mid-level stage, you can become more invested in what you enjoy, and by the senior point youre taking on more client communication and negotiation, and business development stuff., youre encouraged to build cross-office relationships and gain exposure., While making partner was deemed a tough process, interviewees still felt that it was an option and were encouraged by the promotions they had seen of late. How would you rate the quality of work you are given? 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. The New York bunch were running Wednesday happy hours to incentivize folks to return to the office at least twice a week, and it seemed to be working. 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 +1 713 758 2222. You also have the option to opt-out of these cookies. Think beyond the billable hours. Were all still waiting to come out of the pandemic. We have a new leadership team that started on January 1, 2022, replacing our current team which oversaw a period of tremendous success. Law Firm Training Contract Comparison Table. How would you rate the inclusiveness of your workplace environment? Both interviewers were female and were very personable and easy to talk to. Feel free to DM if easier. The University of Texas is a main law school, as well as all the top 14 law schools., My impression was that the firm values people who value teamwork above any other factor, with a view that as long as people have appropriate foundations, they can train them the rest of the way as needed to reach partnership., I think we're probably one of the more selective BigLaw firms in my market. Whats involved: We predominantly recruit from our vacation scheme. Its also important that they take advantage of opportunities to get to know our lawyers by attending as many events and networking opportunities as possible. Berrelez, We look for leaders who are problem-solvers, understand business, and are good team players: you cannot be arrogant or condescending. a third-year associate. Get a free, personalized salary estimate based on today's job market. I interviewed at Vinson & Elkins (Dallas, TX) in Jan 2020, Met with several attorneys and connected. I sort of expected this as an intern, however no one really seemed to mind if I was entirely idle. Vinson & Elkins. Louise Woods 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. Are there any Dallas based Vinson & Elkins associates here? They also followed up on the phone even though I didn't get the position, which is unnecessary and very kind. In terms of compensation, juniors gave the firm a thumbs up. At this stage, the students are meeting more attorneys from their practice areas of interest, so we are expecting students to be able to give more insight into how they became interested in a specific practice area, explained Berrelez. Because ultimately, your success is our success. Additional pay could include bonus, stock, commission, profit sharing or tips. It has brought many great friends into my life. Because ultimately, your success is our success. As a trainee in London you have the opportunity to be involved in our programming. 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 challenge will be keeping up with our clients and being their trusted advisors as they go through change. 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. Working at V&E has provided me with opportunities to do sophisticated legal work while being a part of an inclusive culture that has enabled me to grow both professionally and personally. Were seeing tremendous investment into these industries, and there will be many disputes that arise around this investment. 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. Austin, Texas, United States. Partner, Complex Commercial Litigation (CCL) The estimated additional pay is $5,234 per month. In 2019 we booked out Nobu, after which most of the firm took over the local karaoke bar where things probably went on longer than they should have done looking forward to the return of a Christmas party, hopefully this year! 1L interview. How would you rate your overall job satisfaction? People genuinely like spending time together while working or otherwise. "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. You want to like the place youre working. The firm is trying hard to build back what we had pre-pandemic. Learn more by visiting www.velaw.comor follow us on Twitter@VinsonandElkins or connect with us onLinkedIn. Were looking ahead to a period of significant growth, and the location of leadership will give an indication of our focus, says Fullenweider. 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. be a game changer for the energy mix. Are there any Dallas based Vinson & Elkins associates here? Related Rankings About Chambers Review Work Highlights Strengths Notable Practitioners Ranked Lawyers Members Other Guides. ", 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. Feel free to DM if easier. Most curious about hours, work life balance, work from home flexibility and overall culture. Were a firm that draws in smart, entrepreneurial professionals eager to engage and make an impact. There will be some fantastic opportunities for Vinson & Elkins to do some of the most interesting legal work. 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). 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. I went into the office for the interview where I interviewed with attorneys in sets of 2. You get solid, substantive work experience early on, an interviewee declared, and thats one strength of the litigation group at V&E.. The salary starts at $91,565 per year and goes up to $220,172 per year for the highest level of seniority. The new quartet consisting of two corporate attorneys and two litigators are spread across Houston, Dallas, Austin, and New York. Because ultimately, your success is our success. Newly made up . Vinson & Elkins L. average salary is $200,000, median salary is $180,000 with a salary range from $160,000 to $305,000. What does a typical day as a trainee at Vinson & Elkins consist of? As a V&E Summer Associate, you will have real opportunities to do substantive work in a variety of . There are plenty of opportunities to blow off steam, too, with social events held throughout the year, and of course the famed Christmas party. A selection panel will evaluate all completed applications, conduct interviews, and announce Fellowship recipients on a rolling basis. These metrics are important but I think they are far less important than longer term professional goals. 161 0 obj <]>>stream Each salary is associated with a real job position. 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. We'll assume you're ok with this, but you can opt-out if you wish. Manuel Berrelez, Lead Partner for Recruiting, Applicants invited to second-stage interviews (OCI & Pre-OCI): 477. In the M&A/capital markets (dubbed MACM) group, juniors can be spotted working on (surprise, surprise) capital markets and M&A matters, as well as fund formation and private equity investment deals. Advising 8 Rivers Capital on two clean energy projects, including one that will be built in Illinois and help to decarbonize industrial, transport and electricity sectors. The estimated base pay is $11,699 per month. In 2020, V&E extended offers to 100% of its Summer Associates. Better pay than some comparable firms was also an enticement. The estimated additional pay is $5,322 per month. This could be anything from drafting documents, conducting research, attending meetings or interacting with clients. Like all large law firms, hours are long. Represented Woodside Petroleum during its $30 billion merger with BHP Petroleum. The free-market system worked great before, but when people arent in the office all the time, you need to monitor it. V&Es complex commercial litigation and M&A/capital markets groups housed the most associates on our list, but others with a significant number included energy transactions/projects, finance, tax, and environmental and natural resources. 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. Most offices have two or three 30-minute interview slots and a lunch (if the interview is in-person). 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, . We have strong backup systems in place. 4 Write a Review Year of establishment 1917 Number of partners 199 Number of offices 11 Partner to associate ratio 0.50 Any insight into Vinson & Elkins NYC Real Estate Group? CA: What is the greatest challenge facing the firm in the next decade? 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. Our sources had devoted time to asylum cases, which gave them valuable learning experiences. They all knew my resume well and asked relevant questions, especially questions about the most fun parts of my resume. For more information, please speak with our media contacts. Its an interesting time for us. How confident are you that you will be kept on at the end of your training contract? Contact number. The estimated additional pay is $62,416 per year. How would you rate your amount of client contact? Were looking ahead to a period of significant growth, and the location of leadership will give an indication of our focus. This new legislation levels the playing field Has all the resources of a big firm without the negatives!!! For further information on V&Es commitment to equality please see our dedicated page atwww.velaw.com/about-us/diversity-inclusion. Commercial litigation clients: Barclays, Blackwells Capital, Comscore. We heard associates can apply for more pro bono hours to count towards their billable hour target, too. The questions were relatively bland because of the short amount of time but the conversation flowed easily. Legal Consulting We want to do our part to reduce the number of stories you hear about unhappiness and lack of thriving in the profession. When: Please apply via our vacation scheme applications close 13 January 2023. 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. 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. 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. Day-to-day atmosphere is collaborative and friendly. The Ultimate Job Interview Preparation Guide. CA: What is Vinsons approach to DE&I like? As for training, V&E takes a more learn as you do approach, lthough there is introductory training in the first weeks of your training contract, this becomes more, need to find work and learn from doing and getting feedback and asking questions of the lawyers around you. The firm's pro bono hours allowances also include legal development work (which encompass diversity and recruiting activities). Get Insights Delivered Straight to Your Inbox. The firm also collects resumes from numerous other schools. Why did you choose this firm over any other? Most curious about hours, work life balance, work from home flexibility and overall culture. Firm chair Keith Fullenweider took the reins in early 2022 alongside three new vice-chairs. We do lots of firm sponsored dinners and happy hours, but I have never felt pressure to attend any social events. As youll see in any law firm, numbers are still lagging, in the partner ranks especially. We help our clients navigate the most complex areas of law. 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. Vinson & Elkins L. salaries are collected from government agencies and companies. 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.
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