Compensation and Benefits
Young Conaway’s compensation package recognizes the superior academics, experience, maturity and overall quality of its current and incoming associates. First-year associate annual salaries are 145,000, with an additional 5,000 employment bonus paid in early June.
Additional benefits offered as part of the firm’s compensation package include: (i) an annual Professional Development Account to be used for, among other things, business development, professional association memberships, continuing legal education seminars, and technology expenses; (ii) non-contributory insurance benefits including health insurance for attorney and spouse/domestic partner and/or family (providing an EPO plan and prescription coverage, vision plan and dental coverage), life insurance, and short-term and long-term disability insurance; (iii) eligibility in the firm’s pension plan, which offers (a) a 401(k) component allowing for participant contributions after a one-year waiting period, and (b) a profit sharing component with a firm contribution equal to 7½% of the attorney’s gross compensation after a two-year waiting period; (iv) eligibility for participation in the firm’s dependent care expense reimbursement and/or flexible spending account plans; (v) a generous non-taxable monthly parking allowance; (vi) payment of registration fees/membership dues for the Delaware bar, the American Bar Association and the Delaware State Bar Association, including membership in two sections of each of the bar organizations; (vii) eligibility for a leave of absence for medical, maternity, FMLA and/or other reasons on a case-by-case basis; and (viii) eligibility for an alternative work schedule on a case-by-case basis. |
