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probably a dumb question but...(about benefits)
Posted: Sat Jul 17, 2010 3:25 pm
by lshamlet
Hey guys, forgive the stupid question but...
I was just wondering, what sort of benefits do firms offer their lawyers? I'm talking about biglaw to midlaw size. Is there like a 401K deal set up with the firm? Do they get health/dental insurance provided to them? Anything else? Or do the lawyers just get a salary and have to buy these things themselves like a self-employed person?
Re: probably a dumb question but...(about benefits)
Posted: Sat Jul 17, 2010 6:56 pm
by olderlawyer
BigLaw firms provide all of these things and more. Look on any of their websites under "Careers" and it usually lists the benefits. Same is often true of midlaw.
Re: probably a dumb question but...(about benefits)
Posted: Sat Jul 17, 2010 7:01 pm
by 270910
Paul Hastings wrote:
The compensation and benefits structure reflects the firm's long-standing commitment to providing a highly competitive package for its Associates.
. . .
Each Associate receives a benefits package as well as relocation expenses. In addition, the firm offers all new Associates a Bar Study Benefit and Bonus to help defray the cost of studying for and taking the Bar exam.
Benefits Information:
* Life Insurance & Accidental Death & Dismemberment
* Travel Accident
* Medical
* Health Care Flexible Spending Account
* Dental and Vision
* Short-Term and Long-Term Disability
* Time off under our Time Off Policy
* Holidays
* Transportation/Parking/Pre-tax Mass Transit Program
* Retirement Plan (401(k))
* Back-up Child and Elder Care Program
* Long-Term Care
* Pet, Home, Auto and Legal Coverages
* Gym Membership Subsidy
* Dependent Care Assistance Program
* Many Other Voluntary Benefits
To be more specific, it's very common to things like free dinner and/or car ride home on nights when you work past a certain hour (~8:00 ish), bar stipends, gym memberships, generous retirement and insurance packages, child care help, tickets to random crap, technology stipends, etc.
Bigger firms probably provide more generous benefit structures on average, but I haven't researched it extensively.