The program will run until July 23, 2021. This year, V&E welcomes a diverse group of 119 students (76 2Ls and 43 1Ls) from 30 different law schools. 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). 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. Law students from across the nation shared what they enjoyed most about Vinson & Elkins' Summer Associate Program. 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. It was unclear whether this was good or bad, I applied online. V&E grew their revenue by $45 million last year. Twenty-six law students were awarded Diversity Fellowships, including 1Ls and 2Ls who have joined the Summer Program in our Austin, Dallas, Houston, New York, San Francisco, and Washington, D.C. offices. Be the first to find this interview helpful. Are you implementing any specific programs/initiatives with regards to technology? Why do you want to work here? 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. I made myself extremely (almost obnoxiously) available, yet I didn't get the reach from the attorneys that i would have liked. Choose a different language and keep reading other reviews. Thank you! More importantly, the scheme gives participants the chance to establish whether or not the firm is right for them. Led by partner William Scherman, the team includes partners Jeffrey Jakubiak and Jason Fleischer, counsel Laura Swett, Jennifer Mansh and Thomas Kirby, senior counsel Judge John Dring and associate Phillip Washburn. As a trainee in London you have the opportunity to be involved in our programming. Whats involved: We predominantly recruit from our vacation scheme. The learning curve can be steep at times, but Ive never felt unsupported, and Ive enjoyed getting progressively more responsibility as Ive advanced through each seat. Its high stakes, shared an interviewee, as youre handling someones life and it feels really empowering to be able to give back. Newbies are generally able to take on leadership roles on pro bono matters: I was able to make decisions with no backstop, this junior enthused. Vinson & Elkins Texas Tower 845 Texas Avenue, Suite 4700 Houston, TX 77002 Phone number: (713) 758-2222 Visit Website: www.velaw.com Summer Program: Learn More Vault Verdict Associate Reviews Why Work Here Getting Hired Here Summer Program Overview Introduction The process took 5 days. 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. I sort of expected this as an intern, however no one really seemed to mind if I was entirely idle. The estimated base pay is $11,699 per month. Thats why we make it our business to know yours. What has been the worst moment of your training to date? We do lots of firm sponsored dinners and happy hours, but I have never felt pressure to attend any social events. 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. Feel free to DM if easier. Hours can be long, but theres a fantastic sense of camaraderie, and people are always appreciative of the time you put in. When: Please apply via our vacation scheme applications close 13 January 2023. 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. 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.. But many of its offices are now under mandatory stay at home orders that are expected to remain in effect through April and . 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. They really want to advance your career by allowing you to focus more on the type of work youre interested in. develop novel technologies and still get the benefit of certain tax benefits that make Texas-based Vinson & Elkins a firm that brought in $782,352,000 gross revenue in 2020, making it No. Really wonderful process - everyone was friendly and genuinely just wanted to get to know me. People are happy to cover for you and youd do the same for them.. Ive had a really good experience with vacations, emphasized another interviewee, echoing the views of others, who told us that colleagues pick up work to allow people to enjoy their time off: People are happy to cover for you and youd do the same for them. Our survey respondents reported that theyd worked an estimated average of 48 hours in the preceding week and had taken an average of five vacation days in the last 12 months. At the same time, we want people to be together physically in the office. I feel privileged to have received a V&E Diversity Fellowship. In terms of compensation, juniors gave the firm a thumbs up. A longer interview at the law firm with several attorneys. Check with scholarship provider for more details. How does the summer vacation placement programme link into the training contract process? 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. The estimated additional pay is $5,322 per month. Other offices: Austin, Dallas, Dubai, Houston (head office), Los Angeles, New York, Richmond, Riyadh, San Francisco, Tokyo, Washington. Tell me about yourself? On the nationwide front,Chambers USA shines its spotlight on V&Es transactional, regulatory and litigation-related oil and gas work, but also gives plenty of kudos to the firms extensive renewables expertise, especially as it pertains to projects work. Weve got the best of both worlds at Vinson & Elkins: the opportunity to get involved in multi-jurisdictional deals and disputes with some of the best lawyers in the market, coupled with the collegiality and intimacy of a smaller office. The firm dropped the welcome news in a Zoom meeting, not via a memo. The unique structure of Vinson & Elkins training programme was, for me, one of the strongest draws. We help our clients navigate the most complex areas of law. "Having diverse teams in an inclusive environment at V&E means that we are able to leverage the power of different perspectives and ideas to provide the best solutions and service to our clients. What we do: Vinson & Elkins advises clients that are predominantly in the energy, finance and infrastructure sectors and the London office specialises in M&A, private equity, construction, project development and finance, international arbitration and litigation, corporate and structured finance, and tax. Its an interesting time for us. 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. The 2023 2L Diversity Fellowship application is now closed. We ask behavioral questions in our interviews, to help us get to know students beyond what we see on their resume. With the $123 million left over, you could make 22 new equity partners at an average PPP of $5.46 million. The salary starts at $91,565 per year and goes up to $220,172 per year for the highest level of seniority. Website. At V&E, our inclusion commitment starts at the top with members of our leadership who oversee our firm-wide diversity and inclusion initiatives. Any insight into Vinson & Elkins NYC Real Estate Group? I have also been actively involved with the firms diversity council weve got some really exciting initiatives underway! FWIW -- eying the real estate group. We want to do our part to reduce the number of stories you hear about unhappiness and lack of thriving in the profession. Departments to date: Complex commercial litigation; Energy, transactions and projects; Mergers and acquisitions and capital markets; Employment, University: There are numerous opportunities to do so right from the get go, with participants quickly being engaged on substantive client work across different departments, and regular drinks events and lunches interspersed throughout the week. 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. Cons Weren't able to assign you to specific teams due to COVID. 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. About Vinson & Elkins 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. How would you rate the international secondment opportunities available? Both interviewers were female and were very personable and easy to talk to. As an intern, didn't quite gain the hands-on experience I would have liked. I went into the office for the interview where I interviewed with attorneys in sets of 2. Our sources had devoted time to asylum cases, which gave them valuable learning experiences. 59 in the most recent Am Law 100 ranking adopted the Davis Polk salary scale on . 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? People genuinely like spending time together while working or otherwise. So this question is personal to me as well as something I think a lot about as a leader of our firm. We get together very regularly (lunches in office every Wednesday, dinners at partners' houses once a month, firm happy hours about once a week). Any help would be much appreciated! 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. Why did you choose this firm over any other? In law school we were told women should wear skirts for interviews, but I dont wear skirts, so I thought if thats important to a firm, I dont want to work there. a third-year associate, We want to hear why students are interested in our firm and their city of interest. %PDF-1.5 % Twenty minute screening interview through law school OCI which occurs at the law school. If a hands-on training contractat a firm at the top of its game sounds appealing to you, 2023 Legalease Ltd. All rights reserved, Registered company in England & Wales No. The estimated additional pay is $63,866 per year. Any insight into Vinson & Elkins NYC Real Estate Group? No specific deadline available at last review, 12/31 is a placeholder. Moving forward, were focusing on four industries that are going through significant changes energy and infrastructure, technology, real estate and private equity. With the increase in compensation, the industry has increased its focus on billable hours and revenue generation. Its exciting to feel like youre making a real contribution, and to have the opportunity to work closely with everyone from associates to partners. Most curious about hours, work life balance, work from home flexibility and overall culture. 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! How would you rate the work/life balance at your firm? How far has the firm lived up to your expectations? 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. Each salary is associated with a real job position. People take great pride in their work product but do not take themselves too seriously., The firm looks for the best of the best. Berrelez tells us,All of our attorneys are prepared to interview students for any of our offices and practices.. Were looking ahead to a period of significant growth, and the location of leadership will give an indication of our focus. That's why we make it our business to know yours. And we aim to help you see around corners today and tomorrow. Since starting my career at V&E as an attorney, I have been impressed by the firms continued commitment to supporting diversity; V&Es internal and external inclusion initiatives are ample proof of this, but the warm culture here reaffirms even more that V&E is fully invested in diversity. The deals: Advised STAR Rafineri AS, a subsidiary of the state oil company of the Azerbaijan Republic, and its sponsors on the financing and development of a US$6.3bn greenfield oil refinery in Turkey on the Aegean Sea; advised The Panama Canal Authority in relation to the construction and engineering aspects of the Panama Canal Expansion Program in Panama; advised Woodside Petroleum Ltd on its merger with BHP Petroleum with an approximately US$43bn merged entity value; advised a US private equity fund on its 3.17bn carve-out acquisition of a global construction chemicals business from a public company. Just received piecemeal work. Partners have said they want us to get a wide range of experience. On M&A deals, juniors were tackling the standard diligence assignments, keeping checklists organized, and doing some minor drafting on the main documents. Projects work comes with similar responsibilities, but we heard that these matters are more long-term and come with different types of agreements for you to master. The primary task for any associate here is making sure the deal is moving forward!. Theres no pressure to specialize early on, we heard. For example, one day in HR I was taught their role in the firm but mostly I helped to file paperwork. The aim is to stay connected to our clients and each other regardless of location. These cookies will be stored in your browser only with your consent. Vinson & Elkins L. salaries are collected from government agencies and companies. Anonymous Interview Candidate in Dallas, TX, I applied online. Get a free, personalized salary estimate based on today's job market. This new legislation levels the playing field. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Sponsorship: V&E will fund the preparatory course(s) and examinations for the SQE and offers a maintenance grant for courses commenced after the date of a training contract offer. Youre not married to your sponsor! one source joked. Additional pay could include bonus, stock, commission, profit sharing or tips. In Texas, the firms banking & finance, bankruptcy/restructuring, capital markets, corporate/M&A, environment, real estate, and tax groups are deemed gold star material. To your expectations life balance, work life balance, work from home flexibility and overall culture me! Help you see around corners today and tomorrow same time, we were met with a Real job position also... Is now closed of Vinson & Elkins NYC Real Estate Group we see on their resume to have a! 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