LAW.COM/TEXAS LAWYER FEATURES COVERAGE OF REID COLLINS’ INDUSTRY-LEADING COMPENSATION MODE
December 14, 2022 – Among the nation’s elite trial boutiques, Reid Collins & Tsai LLP has long been above the market in attorney compensation. Its salary and bonus structures are the subject of a feature Texas Lawyer article on www.law.com.
The article outlines how the firm pays bonuses throughout the year as fee income arrives, noting that “by the end of June, the 38-lawyer firm had paid out associate bonuses ranging up to $200,000. This year’s Big Law market scale for year-end bonuses generally tops out at $115,000.”
Texas Lawyer interviewed Reid Collins Founding Partner William T. Reid, IV about the firm’s unique system and how it works. “We do it differently,” said Reid. “Everyone else waits until the end of the year…. We like to pay bonuses when results occur. We had an unbelievable year and the bonuses we paid our team reflect that.”
Click here to view “Reid Collins’ Compensation System Leads to Above-Market Bonuses This Year” at www.law.com.
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