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Cleary Gottlieb

Headquarters: One Liberty Plaza
New York, NY 10006
Attorneys: 1,000
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 500 lawyers representing both U.S. and international clients in a wide range of general and highly specialized practice areas. The New York office occupies 10 floors of a modern building in the city's financial district, with a 360-degree panoramic view of New York City and New Jersey. The firm also maintains a conference center in midtown Manhattan for client meetings.

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.

Cleary Gottlieb employs approximately 1,000 lawyers from more than 50 countries and diverse backgrounds who are admitted to practice in numerous jurisdictions around the world.

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 2007 is $160,000.
* Salary advance for incoming associates of up to $10,000 available within four months prior to joining the Firm.
* Judicial clerkship bonus of $50,000 less taxes available four months prior to joining the Firm to those who have completed one or more judicial clerkships.
* 401(k) Plan: associates may participate through voluntary salary deductions up to the $15,500 pre-tax limit imposed by law.
* Vacation: Four weeks (20 work days) per year, 25 days per year after four years of employment.
* Moving Expenses: Actual moving expenses coordinated through a Firm's authorized mover paid for by the Firm, including up to three months of storage, plus transportation for associate and immediate family members. Tips for movers may not exceed $200.00.
* Broker's fee for rental (within 18 months of joining the Firm) of initial primary New York area residence reimbursed by the Firm up to $3,500.
* Health Club Annual membership in one of the health clubs of which the Firm is a corporate member: or reimbursement of up to $850 of annual membership fees at another health club an associate chooses to join.
* Bar review tuition: Reimbursed by the Firm.
* New York State Bar and Multi-State Examinations: Examination fees as well as travel and hotel accommodations to New York City or Albany are reimbursed by the Firm.
* Bar Association Dues: One annual membership reimbursed by the Firm.
* Law School Matching Gift Program: Up to $500 annually paid by the Firm.

* Parental Leave Policy: Up to 18 weeks paid leave for primary caregivers and five weeks paid leave for secondary caregivers following the birth, adoption, or foster care placement of the child.
* Reduced Schedule: Lawyers may request a reduced work schedule (generally 80% of full time) to assist them in carrying out primary childcare responsibilities. 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: The Firm participates in a back-up emergency child care service located near the office.
* Elder Care Program: Confidential resource and referral program that provides assistance to employees in dealing with all types of elder care needs.
* Employee Assistance Program: Confidential counseling service that provides professional assistance to employees and their immediate family members.
* Medical Benefit Plan: Pre-tax monthly contribution by associate of $155 for an individual, $311 for an employee plus 1 and $369 for an employee plus 2 or more. Out of pocket maximum for the associate per calendar year for out-of-network expenses: $1,500 per individual (plus $500 deductible), $4,500 per family (plus $1,200 deductible). PPO (in-network) requires $20 co-payment by associate. 100% inpatient in-network hospital charges covered by the PPO. Prescription drug program. Benefits extended to same sex domestic partners.
* Dental Benefit Plan: 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% cover 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 $2,000 annual maximum after deductible for preventative, basic and major services. Plan contributions range from approximately $28 for individual coverage to $75 for family coverage. Coverage for orthodontia is provided under the DMO only, with benefits payable at 50%. Benefits extended to same sex domestic partners.
* 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.
* Pre-Tax Transportation Program: The plan allows election of pre-tax dollar amounts of up to $110 per month to pay for mass transit expenses and $215 per month for qualified parking expenses.
* Flexible Spending Accounts
* 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 of $300,000 provided at no cost to the associate.
* Childcare: expenses for childcare are reimbursed up to $5,000 per year as pre-tax deductions.

Updated August 8, 2008

 

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