Fish & Richardson has snared 8 business and litigation attorneys from Texas giant Andrews Kurth. Citing Fish & Richardson’s exceptional IP practice as the main appeal in the move, the new attorneys will bring the Austin office’s total to twenty. On the other side, Andrews Kurth managing partner Rex VanMiddlesworth is disappointed and notes that “…business is strong and our struggle is to just get enough folks to do what we need to do.”
Atlanta-based firm Powell Goldstein has lured two partners and 11 other attorneys and paralegals away from Akin Gump’s real estate and finance practice. Kieth Dunsmore, having previously spent 13 years with Powell, will head a new capital markets practice group in D.C. Robin Green, the second of the two partners, is to lead the new Dallas office and will be joined by seven of the former Akin Gump attorneys. The office will focus on real estate, banking, and financial services.
275-lawyer Dallas-based firm Jenkens & Gilchrist has increased salaries nationwide, with first-year associates now earning $140,000, The firm’s Texas offices are located in Dallas, Houston, Austin, and San Antonio. Also announcing raises is Houston firm Porter & Hedges, with first-years making $135,000 plus $5,000 in bonuses. Source: www.law.com
In a recent survey of Texas firms, Texas Lawyer found an increase in salaries across the board for 2006. On average, first-years are making 4.7% more in 2006 than 2005, with fourth-years at 9.3% and seventh-years at 5.1% more respectively. In firms employing over 100 attorneys, first-years have seen a 16.4% salary increase.