The Firm

Read The Firm for Free Online Page A

Book: Read The Firm for Free Online
Authors: John Grisham
Tags: Fiction, Thrillers
houses.”
    “What kind of houses?”
    “For you and Mitch. For the newest associate at Bendini, Lambert & Locke. She can show you several in your price range.”
    “I don’t know our price range.”
    “I’d say a hundred to a hundred and fifty thousand. The last associate bought in Oakgrove, and I’m sure he paid something like that.”
    Abby leaned forward and almost whispered, “How much would the monthly payments be?”
    “I don’t know. But you’ll be able to afford it. Around a thousand a month, maybe a little more.”
    Abby stared at her and swallowed hard. The small apartments in Manhattan were renting for twice that. “Let’s give her a call.”
    As expected, Royce McKnight’s office was a power one with a great view. It was in one of the prized corners on the fourth floor, down the hall from Nathan Locke. Lamar excused himself, and the managing partner asked Mitch to have a seat at a small conference table next to the sofa. A secretary was sent for coffee.
    McKnight asked him about his visit so far, and Mitch said he was quite impressed.
    “Mitch, I want to nail down the specifics of our offer.”
    “Certainly.”
    “The base salary is eighty thousand for the first year. When you pass the bar exam you receive a five-thousand-dollar raise. Not a bonus, but a raise. The exam is given sometime in August and you’ll spend most of your summer reviewing for it. We have our own bar study courses and you’ll receive extensive tutoring from some of the partners. This is done primarily on firm time. As you know, most firms put you to work and expect you to study on your own time. Not us. No associate of this firm has ever flunked the barexam, and we’re not worried about you breaking with tradition. Eighty thousand initially, up to eighty-five in six months. Once you’ve been here a year, you’ll be raised to ninety thousand, plus you’ll get a bonus each December based on the profits and performance during the prior twelve months. Last year the average bonus for associates was nine thousand. As you know, profit sharing with associates is extremely rare for law firms. Any questions about the salary?”
    “What happens after the second year?”
    “Your base salary is raised about ten percent a year until you become a partner. Neither the raises nor the bonuses are guaranteed. They are based on performance.”
    “Fair enough.”
    “As you know, it is very important to us that you buy a home. It adds stability and prestige and we’re very concerned about these things, especially with our associates. The firm provides a low-interest mortgage loan, thirty years, fixed rate, nonassumable should you decide to sell in a few years. It’s a one-shot deal, available only for your first home. After that you’re on your own.”
    “What kind of rate?”
    “As low as possible without running afoul with the IRS. Current market rate is around ten, ten and a half. We should be able to get you a rate of seven to eight percent. We represent some banks, and they assist us. With this salary, you’ll have no trouble qualifying. In fact, the firm will sign on as a guarantor if necessary.”
    “That’s very generous, Mr. McKnight.”
    “It’s important to us. And we don’t lose any money on the deal. Once you find a house, our real estate section handles everything. All you have to do is move in.”
    “What about the BMW?”
    Mr. McKnight chuckled. “We started that about ten years ago and it’s proved to be quite an inducement. It’s very simple. You pick out a BMW, one of the smaller ones, we lease it for three years and give you the keys. We pay for tags, insurance, maintenance. At the end of three years you can buy it from the leasing company for the fair market value. It’s also a one-shot deal.”
    “That’s very tempting.”
    “We know.”
    Mr. McKnight looked at his legal pad. “We provide complete medical and dental coverage for the entire family. Pregnancies, checkups, braces, everything. Paid

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