“TK, AZA Latest TX Firms to Raise Associate Comp”
Two more Texas business law firms – Dallas-based Thompson & Knight and Houston litigation boutique Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing – announced Thursday that they are increasing the money they pay associates.
Both firms officially matched the compensation schedule set by New York-based Cravath two weeks ago. Annual compensation for first year associates will be $190,000 with a guaranteed $5,000 bonus. Eighth year associates will be paid $340,000, not including bonuses.