New York: Compensation & Benefits

  • Annual Compensation for the class of 2007 is $160,000.
  • Salary advance for incoming associates of up to $10,000 available within four months prior to joining the Firm.
  • Judicial clerkship bonus of $50,000 less taxes available four months prior to joining the Firm to those who have completed one or more judicial clerkships.
  • 401(k) Plan: associates may participate through voluntary salary deductions up to the $15,500 pre-tax limit imposed by law.
  • Vacation: Four weeks (20 work days) per year, 25 days per year after four years of employment at the Firm.
  • Moving Expenses: Actual moving expenses coordinated through a Firm’s authorized mover paid for by the Firm, including up to three months of storage, plus transportation for associate and immediate family members. Tips for movers may not exceed $200.00.
  • Broker’s fee for rental (within 18 months of joining the Firm) of initial primary New York area residence reimbursed by the Firm up to $3,500.
  • Health Club Annual membership in one of the health clubs of which the Firm is a corporate member: or reimbursement of up to $850 of annual membership fees at another health club an associate chooses to join.
  • Bar review tuition: Reimbursed by the Firm.
  • New York State Bar and Multi-State Examinations: Examination fees as well as travel and hotel accommodations to New York City or Albany are reimbursed by the Firm.
  • Bar Association Dues: One annual membership reimbursed by the Firm.
  • Law School Matching Gift Program: Up to $500 annually paid by the Firm.
  • Parental Leave Policy: Up to 18 weeks paid leave for primary caregivers and five weeks paid leave for secondary caregivers following the birth, adoption, or foster care placement of the child.
  • Reduced Schedule: Lawyers may request a reduced work schedule (generally 80% of full time) to assist them in carrying out primary childcare responsibilities. Requests are handled on a case-by-case basis.
  • Family and Medical Leave: Up to 12 weeks of job-protected leave for certain family and medical reasons.
  • Emergency Child Service: The Firm participates in a back-up emergency child care service located near the office.
  • Elder Care Program: Confidential resource and referral program that provides assistance to employees in dealing with all types of elder care needs.
  • Employee Assistance Program: Confidential counseling service that provides professional assistance to employees and their immediate family members.
  • Medical Benefit Plan: Pre-tax monthly contribution by associate of $155 for an individual, $311 for an employee plus 1 and $369 for an employee plus 2 or more. Out of pocket maximum for the associate per calendar year for out-of-network expenses: $1,500 per individual (plus $500 deductible), $4,500 per family (plus $1,200 deductible). PPO (in-network) requires $20 co-payment by associate. 100% inpatient in-network hospital charges covered by the PPO. Prescription drug program. Benefits extended to same sex domestic partners.
  • Dental Benefit Plan: Aetna Freedom of Choice Plan offers DMO and PPO options. DMO - 100% coverage in-network for basic services and preventative services; 60% coverage for major restorations. No deductible. PPO - 80% cover of preventative; 50% for basic and major services. $75 annual deductible for individual and $225 for family. PPO option allows in and out-of-network coverage not to exceed $2,000 annual maximum after deductible for preventative, basic and major services. Plan contributions range from approximately $28 for individual coverage to $75 for family coverage. Coverage for orthodontia is provided under the DMO only, with benefits payable at 50%. Benefits extended to same sex domestic partners.
  • Medical: expenses not covered by the Medical Benefit Plan, such as dental and eyeglasses, as well as the deductible and co-payment portions of the Medical Benefit Plan, are reimbursed up to $5,000 per year as pre-tax deductions.
  • Pre-Tax Transportation Program: The plan allows election of pre-tax dollar amounts of up to $110 per month to pay for mass transit expenses and $215 per month for qualified parking expenses.
  • Flexible Spending Accounts
  • Life Insurance Plan: 1 x Annual Salary provided at no cost to the associate.
  • Accidental Death & Dismemberment Plan: 1 x Annual Salary, provided at no cost to the associate.
  • Short Term Disability Plan: 26 weeks full salary paid.
  • Long Term Disability Plan: 60% of salary at the time of the disability, paid after 26 weeks of short term disability due to illness or injury up to duration of the disabling condition or age 65, at no cost to the associate.
  • Travel Accident Insurance of $300,000 provided at no cost to the associate.
  • Childcare: expenses for childcare are reimbursed up to $5,000 per year as pre-tax deductions.

The benefits described above are subject to change by the Firm