Compensation
Attorneys at Thomas|Genshaft enjoy a unique “Lifestyle” compensation package that seeks to blend the collaborative culture of lockstep compensation programs with merit based incentive pay that rewards individual performance, profitability and productivity. The Firm offers a lucrative pay scale rivaling some of the nation’s largest law firms, allowing attorneys to recognize a significant percentage of their billable revenue, with additional year-end bonuses for exceeding selected benchmarks. Pay is based on meritocracy, tying financial compensation to financial contribution.
The compensation formula is designed to meet the varying and often conflicting needs of attorneys and the law firm as a business. By vesting each attorney with the obligation to assume “ownership” over his or her time and work, the firm is able to reward those who excel without subsidizing those who create shortfalls or liabilities. Each attorney, meanwhile, is offered the rare opportunity of choosing how much they want to earn in any given year. The system is intended to serve two basic purposes — first, to permit associates to share in the Firm’s revenues which they helped generate, and second, to provide a flexible compensation system that accommodates both those associates who work long hours and those who make life style choices to trade-off more work (and more money) for the opportunity to spend time on other opportunities and passions.