Cleary Gottlieb Steen & Hamilton LLP
Cleary Gottlieb Steen & Hamilton LLP
|Main office||1 Liberty Plaza, Suite 38 | New York City | NY | 10006-1470|
|Year of establishment||1946|
|Number of offices||14|
|Largest office||New York City|
|Number of attorneys||1085|
|Number of associates||711|
|Number of partners||194|
|Partner: associate ratio||0.30|
|Percent women attorneys||38.20|
|Percent minority attorneys||21.90|
|Percent gay attorneys||6.50|
A leading international law firm with 16 offices located in major financial centers around the world, Cleary Gottlieb Steen & Hamilton LLP has helped shape the globalization of the legal profession for more than 65 years. Our worldwide practice has a proven track record for innovation and providing work of the highest quality to meet the needs of our domestic and international clients. In recognition of the firmâ€™s strong global practice, its effectiveness in dealing with the different business cultures of the countries in which it operates, and its success in multiple jurisdictions, Cleary Gottlieb received Chambers & Partnersâ€™ inaugural International Law Firm of the Year award. Organized and operated as a single, integrated global partnership (rather than a U.S. firm with a network of overseas offices), Cleary Gottlieb employs more than 1,200 lawyers from more than 50 countries and diverse backgrounds who are admitted to practice in numerous jurisdictions around the world. Since the opening of our first European office in 1949, our legal staff has included European lawyers, most of whom have received a portion of their academic legal training in the United States and many of whom have worked as trainees in one of the firmâ€™s U.S. offices. The firm was among the first international law firms to hire and promote non-U.S. lawyers as equal partners around the world. Our clients include multinational corporations, international financial institutions, sovereign governments and their agencies, as well as domestic corporations and financial institutions in the countries where our offices are located. Although each of our 16 offices has its own practice, our â€śone firmâ€ť approach to the practice of law offers clients in any office the ability to access the full resources of all of our offices and lawyers worldwide to the extent their matters so require.
Areas of practice
Awards and recognitions
n recognition of the firm's strong global practice, its effectiveness in dealing with the different business cultures of the countries in which it operates, and its success in multiple jurisdictions, Cleary Gottlieb received Chambers & Partners' inaugural "International Law Firm of the Year" award.
The firm is, time after time, rated as one of the top ten most prestigious law firms by Vault.com. Chambers and Partners gives the firm high marks in the following practice areas: Corporate, Litigation, M&A, Private Equity, Antitrust, Capital Markets, Employee Benefits, Real Estate and Income Tax.
This year too Cleary got a host of awards, amongst them, being ranked 3rd in Hong Kong in "Employer of Choice" Survey. It won the "Best International Firm Latin America Practice" award in June, 2012. It was named to the National Law Journal's "Intellectual Property Hot List." It also won the "Deal of the Year" and "Dealmaker of the Year" awards.
In March 2012, it won many awards that included the IFLR "Deals of the Year" Awards, the "Global Competition Review Award for Behavioral Matter of the Year".
The firm's hiring criteria are based on a number of factors, prime amongst them being that the candidate must have performed outstandingly in legal and undergraduate studies and must be committed to high professional standards. The firm seeks candidates from across the world but selects only those who are likely to thrive and flourish in the firm's emphasis on excellence and collegiality. The firm meets with and interviews top students at the best U.S. law schools and recruits leading international lawyers, whose expertise on local jurisdictions adds to the worth and value of their global practice.
Diversity and inclusion were among the founding principles of Cleary Gottlieb. In their more than 60 years of history, the firm has continued its strong commitment to those principles. The firm is home to individuals from varied cultural, educational, religious and ethnic backgrounds, making Cleary Gottlieb a vibrant and engaging community.
The firm promotes an environment where women and men of different races, national origins, religions and sexual orientations can practice law in a collegial and effective manner. The firm remains aware of the need to promote open benefit policies, forge alliances with relevant affinity groups, engage in community building, conduct frequent diversity training and improve retention rates of associates.
The firm believes in fostering a work environment that is free from all forms of discrimination and harassment, where all observe the highest professional standards and treat each other with civility, respect and dignity.
Consistent with these goals, the firm has a policy prohibiting any form of discrimination or harassment based on sex, race, color, religion, sexual orientation or preference, gender identity or expression, national origin, age, disability, marital status, citizenship, military status, genetic predisposition or carrier status, or any other category protected by law. This policy applies to all employment-related matters, including recruitment, hiring, placement, assignments, training, compensation, promotion and termination.
In addition to these policies, each office may have other specific rules designed to comply with local law requirements relating to discrimination, including sexual harassment.
Summer associate program
Cleary holds a 12-week summer program in its New York and Washington D.C. offices and also allows summer associates to rotate in one of its 10 overseas offices. Summer associates are expected to complete between 11 and 15 assignments over the course of the summer.
Associates praise the cordial atmosphere and the opportunity to work with the best in the business. Respondents say that they enjoy the long hours of work, since the work is incredibly interesting and varied.
Internship is not confined to New York. International assignments are plentiful: in past years, more than one third of our summer associates have spent time working in Cleary Gottlieb's overseas offices.
The firm also had one of the highest offer rates in 2009, with 99% of its 119 summer associates receiving offers. In 2010, the firm made 100% offers to its 84-member summer class and in 2011, Cleary increased its summer class size to 110 summer associates. Cleary is one of the few law firms that have not deferred start dates for any incoming associate classes.
Second year law students are paid $3,077 per week.
Salary & benefits
The firm employs a set lockstep system for U.S. associate salaries and bonuses. A majority of the Lateral Link Members say that this is the most preferred option as it eliminates "associate vs. associate competition" and makes the workplace environment more conducive.
Cleary Gottlieb's starting salary is $160,000. The firm pays this starting salary in each of its U.S. offices. In 2009 and 2010, the firm matched the lower "Cravath-level" bonuses but in 2011 they matched Sullivan & Cromwell's additional spring bonus. Notably, during the worst of the financial crisis, the firm did not engage in any salary freezes or cuts.
The firm offers a standard four weeks of vacation time and eighteen months maternity leave. The firm provides a subsidized cafeteria, free gym membership and free dinners.
In addition to bar expenses, new associates in New York can expect Cleary to pay for a broker fee required to find housing, as well as travel and lodging in Albany or New York City for the bar exam.
There is no official minimum billable-hour requirement to receive bonuses. Though the expectation is that associates will bill at least 2000 hours, like most top corporate firms, associates regularly bill far more than that.
Health, dental, life & disability insurance; 401(k) Plan; Flex.Spending Accts.; Pretax Transit Prog.; gym membership; 4 wks.vacation (5 wks. after 4th yr anniv.);18 wks. primary caregiver leave; 5 wks. secondary caregiver leave; New Mother's Room; off-site & emergency child care; Flex-Time program and Telecommuting program; Employee Assistance Program; moving expenses; broker fee; bar review tuition; NYS bar exam fee; one bar membership dues annually; travel & lodge for Bar Exam/Albany; law school matching gift program.
Working for the Cleary Gottlieb Steen & Hamilton LLP
In the news
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