Frequently Asked Questions
What is the salary for summer associates?
1L Summer Associate: $2,500/week
2L Summer Associate: $2,800/week
How long is your summer program?
Approximately 8-10 weeks
How many summer associates do you anticipate for the summer of 2013?
Approximately 3-5 summer associates
What is the starting base salary for first-year associates?
$140,000 - such that, for example, $160,000 is earned under the bonus structure for 2000 hours billed.
What is the bonus structure?
At present, a bonus of $100.00 is earned for each billed hour over 1800 hours.
Is there a billable hour requirement?
No, but successful associates typically bill 1900-2000 hours annually.
What is the track to becoming a shareholder?
7-10 years, usually beginning with a non-equity stage.
What is the review structure?
Annual performance-based reviews are conducted by our Professional Development Committee, but daily project-by-project feedback provides the most significant review and training.
Does Leydig offer formal training?
Mentoring, new associate training and monthly Continuing Legal Education luncheons are available.