In case you’ve been too busy billing to realize, Thompson & Knight has been in the news recently. The firm is reportedly considering a merger with Holland & Knight. The combined firm would have nearly 1,600 lawyers across 30 offices, making it one of the largest law firms in the country. The potential merger is one of the largest announced in 2021 yet.
Holland & Knight, the firm’s prospective merger partner, announced special bonuses last week, and so did Thompson & Knight, which ranked 141st on the Am Law 200 with $217,856,000 gross revenue in 2019.
The firm, which “has always punched above its weight in quality and still does,” matched the bonus scale set by Davis Polk in March. Special bonuses will be available for eligible U.S. associates, and will be in addition to the firm’s annual bonuses that will be paid in March 2022. Here’s what the bonus scale looks like:
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| Spring | Fall | Total | |
| Class of 2020 | $4,500 | $7,500 | $12,000 |
| Class of 2019 | $6,000 | $10,000 | $16,000 |
| Class of 2018 | $12,000 | $20,000 | $32,000 |
| Class of 2017 | $16,500 | $27,500 | $44,000 |
| Class of 2016 | $19,500 | $32,500 | $52,000 |
| Class of 2015 | $22,200 | $37,000 | $59,200 |
| Class of 2014 | $24,000 | $40,000 | $64,000 |
According to a representative from the firm, spring bonuses will be paid in June to those who are on track to meet or exceed 1900 annualized billable and creditable hours, while fall bonuses will be paid in November under the same criteria. At this time, we’re unsure if associates will receive an opportunity to be made whole if they catch up on their billable hours at a later time.
Congrats to everyone at the firm — on the bonuses and on the potential merger.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
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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.