Cleary Gottlieb Steen & Hamilton LLP
Main Office: 1 Liberty Plaza, Suite 38 | New York City | NY | 10006-1470
Phone: 212-225-2000 | Fax: 212-225-3999
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.
| Title | Branch/ City |
Exp. year | Period | Min Base Salary |
Avg Base Salary |
Max Base Salary |
Min Bonus Salary |
Avg Bonus Salary |
Max Bonus Salary |
|---|---|---|---|---|---|---|---|---|---|
| Associate | New York City | 1st Year | Yearly | $215,000.00 | |||||
| Associate | Washington | 1st Year | Yearly | $215,000.00 | |||||
| Associate | Palo Alto | 1st Year | Yearly | $215,000.00 | |||||
| Associate | New York City | 1st Year | Yearly | $215,000.00 | |||||
| Associate | Palo Alto | 1st Year | Yearly | $215,000.00 | |||||
| Associate | Washington | 1st Year | Yearly | $215,000.00 |
Benefits
- Bar Association Fees
- Business Casual Dress Code
- 401(k)/IRA/Other Ret. Plan w/Employer Contribution
- CLE
- Dental Insurance
- Domestic Partner Benefits
- Employee Assistance Program
- Family/Dependent Care Leave
- Flexible Spending Account/Pre-Tax Option
- Health Club Membership
- Life/AD&D Insurance
- Long-term Care Insurance
- Long-term Disability Insurance
- Medical Insurance
- Medical Spending Account
- Parental Leave
- Parking/Transportation
- Relocation Expenses
- Short-term Disability Insurance
- Sick Leave
- Technology (Laptop, PDA, etc.)
- Vacation Leave
- Vision Insurance
Benefits Package:
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.
