Hooper, Lundy & Bookman offers a comprehensive compensation and benefits package that is comparable to that of other established corporate firms in large cities. In addition, associates who complete at least 2,000 billable hours per year are eligible for an annual bonus tied to the number of hours billed, as well as the potential for a discretionary bonus.
First year associates are generally hired prior to graduation, given a stipend for the summer as they study for the bar exam and begin work at the firm once they have completed the exam, usually in September or October.
Associates receive three weeks paid vacation each year and are eligible to participate in the firm’s group health insurance plan and group disability insurance plan on the first of the month after their date of hire. In addition, associates are eligible for participation in the firm’s group life insurance benefits. Under our cafeteria plan, associates may also establish a tax-deferred medical spending and/or childcare account.
The firm offers a 401(k) plan, in which associates become eligible to participate after completion of one year of service, at the next enrollment date. Associates are permitted to contribute a percentage of their salary (with a cap) to the 401(k) plan.