Associate Compensation
Entry-Level Base Salary (effective January 1, 2008):
$100,000*
*Level 1 associates joining the firm in the fall are considered for advancement to the next salary level in six months (the following April).
Minimum Annual Billable Hour Requirement:
1,750
Associate Compensation Program
The associate compensation program is an integral part of a comprehensive associate development plan that provides a clear communication to associates of what is expected of them.
McDonough expects all associates to record a minimum of 1,750 chargeable hours per year and devote an additional 150 hours per year to firm investment activities which include: Practice Group Participation; Education/Training/Development; Business Development/Marketing; and Pro Bono Activities. Full time associates at Level 2 and above may earn a Productivity Bonus and a Profitability Bonus.
All associates are eligible to receive a subjective bonus for extraordinary contributions. |