Prominent Firm Decides To Raise Associate Salaries During Bonus Season
Associates must be excited that their yearly billing quotas aren't going up with this raise.
KNOBBE MARTENS — 2018 SALARY INCREASE MEMORANDUM
I hope that everyone had a great Thanksgiving holiday. In order to ensure that Knobbe Martens remains competitive with other firms, we are pleased to announce that, effective yesterday, November 26, 2018, our Associate Review Committee will use the following target salary structure to set salaries for associates performing at the firm’s expectations:
First Year $180,000
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Second Year $190,000
Third Year $200,000
Fourth Year $210,000
Fifth Year $225,000
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Sixth Year $240,000
Please note that your first check including this raise will be distributed on December 14th.
The partners are committed to maintaining excellence in our work product, outstanding service to our clients, firm collegiality and a balanced life style. These values have made Knobbe Martens the pre-eminent intellectual property firm in the country. We are pleased to adopt the above structure without increasing the number of hours required of our associates. Our quota will remain at 1,750 hours per year, which may be reduced by application of your quota credit days. We are confident that the new structure will contribute to our continued success at attracting and retaining the best associates. If you have questions regarding the new salary or existing bonus structure please contact me, your partner mentor, or any member of the Mentor Committee.
Thank you for your continued hard work and dedication to our clients and the firm.
Steven
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
