At Dallas-based Thompson & Knight, managing partner Jeffrey Zlotky says "no more than a handful of senior associates" have agreed over the past year to accept reduced compensation in exchange for reduced hours -- and possibly a title change to of counsel. "We are not forcing anyone to do this. ... But this does make it work for the firm and the associates," says Zlotky. He notes that it's possible that senior associates who become of counsel may earn less per year than a first-year associate.
Thompson & Knight Encourages Associates to 'Customize' Compensation and Hours
October 15, 2009