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COMPENSATION
The base compensation (minus applicable deductions) for a new entry level associate hired from the Firm's summer program and starting with the Firm in September 2007 is $160,000, payable $15,000 upon arrival, $140,000 through base salary and $5,000 through a guaranteed year-end bonus. New Associates will also receive a signing bonus, summer stipend, relocation assistance and reimbursement for approved bar exam and bar review course fees. Once an associate becomes licensed to practice law, the Firm will pay membership fees to state and local bar associations. New Associates will begin their employment with Jackson Walker in early September.
CONTINUING LEGAL EDUCATION
The firm actively encourages participation in continuing legal education programs. The firm's CLE committee develops all in-house CLE programs in conjunction with associate training. New Associates will also receive a signing bonus, summer stipend, relocation assistance and reimbursement for approved bar exam and bar review course fees. While in-house training is foremost, associates may attend relevant outside seminars and courses at the firm's expense. The firm has also entered into an agreement with the State Bar of Texas to have direct on-line access to its CLE programs and course materials. Lexis and Westlaw instruction will be provided to each new associate, along with regular updates and refresher courses.
BENEFITS
The firm provides extensive insurance benefits for each attorney which includes life and accidental death insurance, with an option to purchase supplemental life insurance. The firm also provides comprehensive health, dental, short-term disability, and optional long-term disability insurance.
Associates are eligible to participate in a 401(k) retirement plan after one year of employment, and contributions are 100% vested.
Associates may also participate in the firm’s Flexible Spending Account which allows associates to pay for certain expenses on a pre-tax basis (such as dependent care, medical premiums, etc...), which reduces the amount of taxes paid each year.
HOME LOAN
In recognition of the increasing difficulty of purchasing a first home, the firm has arranged for unsecured loans to associates at the end of their second year to be applied toward the purchase of a first home. Each associate is entitled to borrow up to a certain amount on a promissory note at a favorable interest rate. Interest only will be payable for the first year, after which principal and interest can be paid monthly over a four year period.
PARENTAL LEAVE
Attorneys receive up to three months paid parental leave, and upon request, an additional three months unpaid leave with practice group approval.
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