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 in line with the Firm’s overall financial performance and activity levels. The Plan’s purpose is to recognize our senior associates’ critical contribution to the Firm’s success by enabling them to benefit more directly from that success.

Benefits⁺

• Moving Expenses/Down Payment Assistance
  
  • 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 to the city to which an associate has been assigned are also reimbursed.
  • The Firm will provide access to loans of up to $100,000 to assist with housing down payments.
    
    
• 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.
  
  
• 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 U.S. 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/MetroCheks 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 per lawyer. Dependent coverage subject to limitations.
  • Supplemental Long Term Disability — a portable individual policy.
    
    
• Family Benefits
  See Family Matters for more information.
  
  
• 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 health clubs. Other offices offer corporate discounts at local health clubs.
  • Vacation: Four weeks
  • Bar Review Course
  • Attorney Registration Fee and Bar Association Dues
  • Matching Law School Gifts
  • Judicial Clerkship Credit
  • On-site Cafeteria — Available in our New York and London offices. 
    

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* 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.