Cleary Gottlieb
Headquarters:
One Liberty Plaza
New York, NY 10006
Attorneys: 850
Managing Partner: Mark Walker
Website: http://www.cgsh.com
Recruiting Info
Cleary Gottlieb Steen & Hamilton LLP
is a leading international law firm, with 12 offices located
in major financial centers around the world.
The New York office currently has approximately
400 lawyers representing both U.S. and international clients
in a wide range of general and highly specialized practice areas.
The New York office handles many of the
notable corporate transactions, investigations and litigation
in the financial world. Cleary's corporate practice includes
assignments in capital markets, M&A and joint ventures, corporate
counseling, sovereign and international institution representation,
privatizations, banking and other financial institution matters,
real estate, project finance, structured finance, derivatives
and commodities and private equity. The litigation and
arbitration practice includes matters involving securities and
derivatives, banking and financial institutions, M&A, criminal
defense and investigations, antitrust, agency and regulatory,
insurance coverage and products liability. The New York
practice also covers the multiple dimensions of workouts and
bankruptcy, intellectual property, employment and pension issues,
individual clients and charitable organizations.
Since the opening of the firm's first European
office in 1949, Cleary's legal staff has included European lawyers,
most of whom have received a part of their academic legal training
in the United States and many of whom have completed traineeships
in one of the firm's U.S. offices. The firm was among the
first international law firms to hire and promote non-U.S. lawyers
as equal partners around the world.
Many of the firm's lawyers have trained
as judicial clerks before or shortly after joining the firm.
As of January 1, 2006, more than 50 of the firm's lawyers
have clerked with a U.S. District Court judge, approximately
43 have clerked with a U.S. Court of Appeals judge and six
have clerked with a Justice of the U.S. Supreme Court. A number
of lawyers also have clerked for judges on the highest court
of various states of the United States and on courts of other
countries, including the European Court of Justice.
Cleary Gottlieb was founded in New
York and Washington simultaneously in 1946 by four former partners
in the Wall Street firm of Root Clark Buckner and Ballantine
and others who had come from post-war service in the U.S. government.
The firm has 180 partners, 70 of which
are outside the U.S.
Benefits
Annual Compensation for the class of
2005: $145,000, 3% of which is
contributed to a US tax advantaged 401k savings plan.
Salary Advance Option: Up to $10,000 within four months
of joining the firm.
Special 2002 year-end bonus ranged from $17,500 to $25,000, depending
on seniority.
Judicial clerkship bonus: $15,000 per year of clerkship.
401(k) Plan: Associates may participate through voluntary
salary deductions up to the $12,000 pre-tax limit imposed by
law.
Vacation: 20 days per year; 25 days after four years of
employment.
Moving Expenses: Reasonable moving expenses reimbursed;
up to three months of storage; transportation for associate and
immediate family members.
Broker's Fee: Up to $2,500 for rentals of initial primary
New York area residence (within 18 months of joining the
firm).
Health Club: Membership in one of the firm's selected health
clubs or reimbursement of up to $850 of annual membership fees
at any other health club.
NY State Bar Review Tuition: Reimbursed by the firm.
NY State Bar and Multi-State Examinations: reimbursement
of examination fees and travel and hotel accommodations to New
York City or Albany.
Bar Association Dues: One annual membership reimbursed
by the firm.
Law School Matching Gift Program: Up to $500 annually
paid by the firm.
Maternity Leave Policy: 13 weeks paid leave from date
of birth/adoption.
Paternity Leave Policy: Four weeks paid leave to be taken
within six months of birth/adoption.
Alternate Work Schedule: Lawyers may request a reduced
work schedule (generally 80% of full time) to assist them in
carrying out primary childcare responsibilities and under certain
other circumstances. Requests are handled on a case-by-case
basis.
Family and Medical Leave: Up to 12 weeks of job-protected
leave for certain family and medical reasons.
Emergency Child Service: Back-up emergency child care
service available near the office.
Elder Care Program: Confidential resource and referral
program providing assistance to employees for elder care needs.
Employee Assistance Program: Confidential counseling service
providing professional assistance to employees and their immediate
family members.
Medical Benefit Plan: PPO plan. Pre-tax monthly
contribution by associate of $97 for an individual, $194 for
an individual +1, $230 for an individual + 2 or more. Out of
pocket maximum for the associate per calendar year for out-of-network
expenses: $1,500 per individual (plus $300 deductible), $4,500
per family (plus $900 deductible). In-network: $10 co-payment;
100% in-patient hospital charges. Prescription drug program.
Dental: Aetna Freedom of Choice Plan offers DMO and PPO
options. DMO 100% coverage in-network for basic services
and preventative services; 60% coverage for major restorations.
No deductible. PPO 80% coverage of preventative;
50% for basic and major services. $75 annual deductible
for individual and $225 for family. PPO option allows in
and out-of-network coverage not to exceed $1500 annual maximum
after deductible for preventative, basic and major services.
Plan contributions range from approximately $26 for individual
coverage to $71 for family coverage. Coverage for orthodontia
is provided under the DMO only, with benefits payable at 50%.
Pre-Tax Transportation Program: The plan allows the choice
of pre-tax dollar amounts (maximum of $100 per month) to purchase
TransitChek vouchers and up to $185 a month for qualified parking
expenses.
Flexible Spending Accounts:
Medical: expenses not covered by the Medical Benefit Plan, such
as dental and eyeglasses, as well as the deductible and co-payment
portions of the Medical Benefit Plan, are reimbursed up to $5,000
per year as pre-tax deductions. Childcare: expenses for
childcare are reimbursed up to $5,000 per year as pre-tax deductions
for children 12 years old and younger.
Life Insurance Plan: 1 x Annual Salary provided at no
cost to the associate.
Accidental Death & Dismemberment Plan: 1 x Annual
Salary, provided at no cost to the associate.
Short Term Disability Plan: 26 weeks full salary paid.
Long Term Disability Plan: 60% of salary at the time of
the disability, paid after 26 weeks of short term disability
due to illness or injury up to duration of the disabling condition
or age 65, at no cost to the associate.
Travel Accident Insurance: Insurance of $300,000
provided at no cost to the associate.
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