Wilmer maintains associate compensation at or near the top of the local market. Associatesin the same law school class receive equal compensation. Because of our egalitariancompensation structure, the firm does not give bonuses to lawyers.
The firm increases salaries for each associate class to the next higher level on thesalary scale on January 1 of each year. Any adjustment to the salary scale also generallytakes effect on January 1. Salary decisions and actions are timed to coincide with thefirm's annual planning cycle.
|Class of 1999:||$102,000|
|Class of 1998:||$110,000|
|Class of 1997:||$118,000|
|Class of 1996:||$126,000|
|Class of 1995:||$134,000|
|Class of 1994:||$142,000|
|Class of 1993:||$150,000|
|Class of 1992:||$158,000|
Transition and Judicial Clerkship Stipend
Associates joining the firm directly after law school graduation are eligible for atransition stipend in the amount of $4,000. Associates joining the firm directly after ajudicial clerkship(s) are eligible for a $15,000 transition stipend.
Wilmer provides a qualified retirement plan for eligible associates working in the U.S.After an associate has been at the firm for one year, the firm makes a discretionarycontribution currently set at five percent of the lawyer's annual base salary.
Counsel and associates are eligible to participate in the firm's profit-sharingprogram. The program recognizes and rewards counsel and associates for their service atthe firm and is based on length of service at the firm, not class year. The award isdetermined by the value of a partnership point, thus giving all lawyers at the firm astake in the firm's prosperity.
Counsel and associates are eligible to receive one "shadow point" on theirthird anniversary with the firm and a second "shadow point" on their fifthanniversary with the firm. The value of a "shadow point" equals 25% of the valueof a partnership point for the firm's prior fiscal year. Payments are made annually,beginning after three years' service at the firm.