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The firm initiated a salary freeze in 2009, but unfroze salaries in January 2010 and increased salaries for certain class years in January 2011. The firm has shifted to a lockstep salary structure with each class level having set salaries, but individual assessments could lead to some deviation. The firm is a follower with respect to bonus amounts, and from 2009 through 2011 the firm paid market-level bonuses to associates who billed at least 1,950 hours. Working hours, quality of work, pro bono and overall contributions are factors that can increase or lessen an associate's bonus. Although the firm announced "special bonuses" in April 2011 that matched the Cravath spring bonus scale, in a departure from its peer firms, Goodwin Procter's associates had to have billed 1,950 hours from May 1, 2010 to April 20, 2011 to receive the special bonus. Goodwin Procter's starting salary ranges from $145,000 to $160,000, depending on the office. Goodwin Procter's profits per equity partner in 2009 - the most recent year for which data are available - were $1,275,000, placing the firm in the 58th percentile.
Additional benefits include: (1) ELDER AND ADULT CARE -- Employees have access to the LifeWeavers Network (operated by the Visiting Nurse Association), a free resource that helps working caregivers find answers to their care-giving questions anywhere in the United States where care is needed for an older relative or loved one. (2) CHILD CARE -- We provide back-up daycare facilities near, or in, each of our locations. (3) EMPLOYEE ASSISTANCE PLAN -- Free and confidential assistance on topics such as emotional well-being, personal relationships, educational/financial/legal issues, addiction and recovery, work-related issues, parenting, communicating with teenagers, older adults, retirement planning, and much more. (4) GOOD HEALTH/GOOD LIFE WELLNESS PROGRAM -- Free seminars and workshops offered in the areas of personal, professional and financial wellness (examples include caring for an elderly parent, managing work and personal stress, or trying to engage in an overall healthier lifestyle). (5) HEALTH ADVOCATE PROGRAM -- Health Advocate is a national advocacy and assistance company whose mission is to help individuals and organizations get the very best healthcare service. Services offered include assistance with: finding the best doctors and hospitals and getting to see them, obtaining services for elderly parents, scheduling timely appointments (esp. with specialist physicians), issues arising when faced with serious illness or injury, insurance claims and billing issues, etc.
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