Baker Botts has matched the new market rate for U.S. associate salaries set by Cravath, Swaine & Moore, joining BigTex firms Vinson & Elkins and Akin Gump Strauss Hauer & Feld at the new scale that pays a $190,000 base to first-year associates.
The Houston-based firm notified its associates Monday evening of the new pay rates that go into effect July 1. The firm will also pay its associates special bonuses in July, which range from $5,000 to $25,000.
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