Year-End Bonuses – Associates are eligible for year-end bonuses at the Firm’s discretion. In 2024, the bonuses were 175% above the Cravath scale. The Firm expects to continue to pay year-end associate bonuses that are above market.
Clerkship Bonuses – The Firm offers a bonus of $125,000 to associates joining the Firm immediately after completing a clerkship for an Article III federal court, a state’s highest court, or for a Chancellor or Vice Chancellor of the Delaware Court of Chancery. The Firm offers a bonus of $150,000 to associates who, for two consecutive years immediately before joining the Firm, clerk for an Article III federal court, a state’s highest court, or a Chancellor or Vice Chancellor of the Delaware Court of Chancery.
Health Insurance – The Firm offers associates health insurance coverage at no cost to the associate. The Firm also offer subsidies to associates who elect to purchase additional coverage for themselves and their spouses, domestic partners, or dependents above what is provided by the Firm’s base health insurance plan.
401K – The Firm offers 401k accounts to all associates and contributes a fixed percentage into associates’ 401k accounts each year based upon the Firm’s profitability.
Bar Dues – The Firm covers associates’ bar admission and registration dues for admission and registration to practice in New York.
Life Insurance – The Firm covers life insurance and short and long term disability benefits.
Gym Benefit – The Firm offers access to a range of gym and wellness benefits through our partner, Wellhub. Through Wellhub, Associates get access to a network of gyms, online classes, nutritionists, and more. The Firm subsidizes a Gold membership for every Associate, offering access to over 12,400 gyms (including the Life Time Fitness gym in our building), in addition to 46 wellness apps, live stream workouts and more.