Matters such as associate pay, partnership tracks and compensation formulas will not change for Fulbright & Jaworski lawyers with the June 1, 2013, combination with Norton Rose, says Kenneth Stewart of Dallas, chairman-elect of Fulbright’s executive committee. The two firms announced an agreement on Nov. 14 to combine Houston-based Fulbright and London-based Norton Rose into Norton Rose Fulbright. The combined firm will have about 3,800 lawyers in 55 cities worldwide.
“From a local governance standpoint, and particularly the standpoint of associates and partners coming in, and partner promotions, compensation within our own group is focused on a local basis,” Stewart says.
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