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Latham & Watkins's starting salary is $160,000. The figure stays the same for all members of each class year when it comes to the base salary. For associates who are able to complete at least 1,900 hours, there is a guarantee of a base bonus amount, which from 2009 to 2011 was above average in the industry. Latham & Watkins's profits per equity partner in 2009 were $1,900,000, with the firm securing an 82nd percentile.
Parental Care Leave: 18 weeks for birth mothers who are primary caregivers; 18 weeks for adoptive parents who are primary caregivers; 10 weeks for other primary caregivers; 4 weeks for non-primary caregivers (both birth and adoptive parents). Family/Dependant Care Leave includes leave for placement of a child for adoption or foster care, or a family member with a serious health condition. All associates have an automatic option to return from a Parental Care Leave at a reduced-pace schedule for a six month period without prior approval, under the PRO RATA (Pace Reduction Option for Returning Associates to Adjust) Program. The firm also offers subsidized in-home and center-based back-up child care and elder care. The firm offers a $10,000 referral bonus (payable in two $5,000 increments at time of hire and one-year anniversary of hire) for each lateral associate hire that a current associate introduces to the firm.