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McGuireWoods follows a hybrid lockstep/merit salary system, and the starting salary at the firm is around $135,000. Hikes are based on individual assessments that take into consideration factors such as billable hours, pro bono hours, quality of work, and business development. The firm's profit per equity partner in 2009 (the most recent year for which we could obtain the data) was $800,000.
In addition to the benefits selected above, McGuireWoods also offers associates identity theft insurance, back-up child/elder care coverage, and adoption expense reimbursement up to $5,000 per child. The firm pays for a bar exam review course and exam fees as well as bar membership dues and relocation expenses. McGuireWoods also offers entry-level associates a one-time bar study stipend.