Compensation and benefits
Compensation
-
First-Year Base Salary..... $160,000
Second-Year Base Salary..... $170,000
-
Clerkship Bonus (for One Year)*..... $50,000
Clerkship Bonus (for Two Years)*..... $70,000
- Senior Associate Supplemental Compensation Plan – Our Senior Associate Supplemental Compensation Plan is designed to provide our senior associates with incremental compensation (in addition to base salary and year-end bonus) that is set with reference to the Firm’s overall financial performance and activity levels each year and is otherwise adapted to current circumstances. The Plan’s purpose is to recognize our senior associates’ critical contribution to the Firm’s success.
Benefits+
Moving Expenses
- Within the first six months of employment, the Firm will reimburse associates up to $3,500 of broker’s fees or closing costs. Reasonable moving expenses from the law school city to the city to which an associate has been assigned are also reimbursed.
Medical and Dental Plans
- Two medical plans (one non-contributory) and a dental plan effective immediately for lawyer and eligible dependents.
Group Life Insurance
- Firm-paid coverage of three times base salary. May obtain additional and dependent coverage.
Long-Term Disability
- Firm-paid insurance. Coverage is 50% of base earnings subject to a maximum.
Business Travel Insurance
- Coverage up to $1 million. Includes medical evacuation and/or repatriation.
Identity Fraud Expense Reimbursement
- Reimbursement of covered expenses incurred as a direct result of identity fraud, subject to limitations.
Support for Lawyers with Non-U.S. Passports
- In connection with business travel, S&C offers financial support to lawyers with non-U.S. passports to assist with obtaining a U.S. visa stamp at a U.S. consulate abroad and in certain other situations. The Firm also provides assistance to its lawyers in the United States who do not have U.S. citizenship or lawful permanent resident status. Such assistance includes access to immigration counsel, at the Firm’s expense within established limits, in connection with obtaining family-based lawful permanent residence. For more information, see our Visa Policy for Lawyers.
Pre-Tax Benefits
- Health and Dependent Care Reimbursement Plans – Set aside pre-tax dollars for eligible expenses.
- Transportation Fringe Benefits – Set aside pre-tax dollars for Transit/Smart Benefits and work-related parking.
Associates’ Savings Plan
- Contribute pre- and post-tax dollars to 401k plan.
Voluntary Post-Tax Benefits
- Personal Accident Insurance up to $1 million for lawyer. Dependent coverage subject to limitations.
- Supplemental Long-Term Disability – A portable individual policy.
- Long-Term Care Insurance for lawyer and eligible family members.
Family Benefits
Additional Benefits
- Fitness Center – The New York office has its own on-site fitness center, at 125 Broad Street, and also offers discounts at local fitness centers. Other offices offer corporate discounts at local fitness centers.
- Four weeks vacation
- Bar Review Course
- Attorney Registration Fee and Bar Association Dues (up to two)
- Matching Law School Gifts
- Judicial Clerkship Credit^
- On-Site Cafeteria – Available in our New York and London offices.
* For eligible clerkships.
+ The insurance and related benefits described here pertain to lawyers in our U.S. offices. The benefits for other offices, while similar, vary by country.
^ For eligible clerkships and depending on practice group joined.