We can confirm the rumor that Thompson & Knight has raised first- and second-year associate salaries. Management recently circulated a press release to associates, along with this brief intro:
“This press release will go out shortly. We will elicit your thoughts on the more senior associate structure.”
The press release — which isn’t on the firm website yet, but should be soon — appears after the jump.
Update: The Texas Lawyer has an article about the raises available here.
Schenck Price Competes Smarter With Lexis+ With Protégé
LexisNexis sat down with John Ursin, Managing Partner at Schenck Price, to learn how the firm is using legal AI to strengthen client service and daily legal work.
Thompson & Knight Increases Associate Salaries
Dallas — July 23, 2007 – Effective August 1, the international law firm of Thompson & Knight LLP will increase the annual salary for first- and second-year associates in its domestic offices to $160,000 and $170,000, respectively. The Firm is studying the compensation structure for other associate classes to assure continued high standards of client service, associate skill development, and diversity, while recognizing work/life balance issues.
Thompson & Knight managing partner, Pete Riley, says, “Our clients will continue to receive the best talent at a fair price. This salary adjustment is not being joined with an increase in our associate hourly rate structure.”
Thompson & Knight Bumps Base for First- and Second-Year Associates [Texas Lawyer]
Thompson & Knight [official website]