Partnership tracks at large Texas firms have grown longer over time, stretching to two tiers at many firms and lasting up to 10 years at some. But candidates at most firms could at least count on finding out if they were in or not in time to either pop open the Dom Perignon or nurse a bottle of the hard stuff on New Year’s Eve. Not so at Thompson & Knight this year. Now is the time when some associates at the Dallas-based firm are anxious about making partner. Like at Dallas’ Jackson Walker and Strasburger & Price and Houston’s Bracewell & Patterson, Thompson & Knight has moved its selection process to the end of January, after closing the books on the previous year.
Peter Riley, who is on the management committee at the firm, says the change is one byproduct of the firm’s merger with Houston’s Brown, Parker & Leahy. Brown, Parker previously voted on partner compensation, bonuses and new partners at the end of January.
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