No. 4. Bingham McCutchen :: 25 top paying companies
Bingham McCutchen Average total pay: $233,800 For: Associate* Best companies rank: 12 Despite the recession, this merger-happy corporate law...
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Bingham McCutchen
Average total pay: $233,800
For: Associate*
Best companies rank: 12
Despite the recession, this merger-happy corporate law firm brought Washington, D.C.-based McKee Nelson into its fold last summer, adding 120 lawyers to its U.S. roster.
They join a team of associates that enjoys some of the highest paychecks for law firms on this list. They earn, on average, a base salary of $211,900 plus bonus of $21,900.
The perks aren't bad, either: Employees at its Boston, New York and Washington, D.C., offices can lunch at subsidized cafes. Associates can take 14 weeks off at full pay for maternity or paternity leave, and get emergency backup care for their kids or elderly parents.
Like many law firms, Bingham was hit hard by the recession as client work started to dry up. But bankruptcy work increased, so the firm transferred some lawyers to those projects. It wasn't enough: In early 2009, Bingham froze salaries and laid off 16 attorneys and 23 staffers. In an e-mail to employees, the firm's chairman said he "deeply regretted that anyone within our tightly knit community had to lose a job."
Rank: 12 (Previous rank: 30)
What makes it so great?
Diversity has a high priority at this corporate law firm. Retreats bring together lawyers of color and openly gay and lesbian lawyers. In response to employee feedback, health insurance was amended in 2009 to cover additional benefits for transgender employees.
Headquarters: One Federal Street
Boston, MA 2110
2008 revenue ($ millions): 767
Website: www.bingham.com
