“Thompson & Knight Is Latest BigTex Firm to Raise Associate Pay”
Thompson & Knight, like a few other large Texas firms, will give big raises to its U.S. associates on July 1 as it moves to the new salary scale set by Cravath, Swaine & Moore. With the new scale, first-year associates at the firm will be paid $190,000 annually.
Managing partner Mark Sloan on Thursday confirmed that the Dallas-based firm has moved to the new market rate. The Above the Law blog on Thursday published a copy of a June 27 memo from Sloan to the firm’s associates notifying them about the new salary scale.