Want to “customize” your compensation and hours?
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,” Zlotky says. He and partner Shad Sumrow, chair of the firm’s legal personnel committee, stress that Thompson & Knight historically has offered a program to customize hours and salaries for senior associates who may have family issues that necessitate reduced hours or who may no longer be on the partnership track but nonetheless remain valued lawyers.
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