What’s up with the lack of retirement benefits at Sidley Austin LLP? Attorneys can contribute to 401k but firm does not match — not a cent, nothing, zilch! Doesn’t this make a Sidley salary effectively less valuable relative to peer firms? Any peers that also don’t provide a 401k match?

funnylike
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Uhhh no biglaw firms match

likehelpfulsmartfunny

Quinn does not match (or it hasn’t since at least 2017), but they do profit sharing into the 401k

like

Many BigLaw firms don’t match

Recent IconRecent

No big law firm matches sweetheart. Pls delete

likefunny

Now that there have been so many more responses, “sweetheart,” you’re canceled. Don’t be surprised when you’re a 12th year associate at whatever hellhole you’re working at. Pls delete.

like

Please at least do some research before posting

likefunny

“Confidently incorrect”? Lol. Cleary did, if not still does, make employer contributions to associates’ retirement accounts (as % of salary, I believe, not as a match of employee contribution). In the relatively recent past, Quinn provided profit-sharing to retirement accounts. Read through the comments here for many other examples. Sure, it’s obvious that there are some that simply don’t do it, but “confidently incorrect” is just false.

Most firms do not provide a 401k match. That’s an in-house thing.

like

Are you new to big law? Firms don’t match

like

Yeah I’ve only heard of big law firms matching for staff, not attorneys.

like

My firm doesn’t match but does profit sharing.

likehelpful

Most bl firms don't match. It throws off the percentage of benefits given to high earners (i.e., lawyers) vs low earners (everyone else). There are IRS rules that prevent employers from directing too much of their pretax benefits money to high earners without also contributing a similar amount to low earners.

likehelpful

Took way too long to get to this explanation (which I was going to post if I didn’t see it). Basically, firms are too top heavy in compensation to match (which includes within it the associates)

like

Which peer firms are you thinking of? I don’t know of any big law firms that match.

like

401k match is dumb anyway. It is no different than salary. Might as well give the employee a choice on what to do with their money.

like

Firms have never done this. I think it’s due to plan top hat/discrimination rules bc of either how they pay themselves or office staff. But would someone here who does benefits work to tell us.

Some boutiques match, but not BL generally.

like

Wow my little firm pays 5-7 percent of salary for every single employee.

like

This is why tho — someone else said this, you run into IRS rules if you do 401k matching and all your juniors are making 215k out of the gate.

like

Wait so do biglaw firms match or not…please list which do lol

like

Most (like almost all) do not match for associates. There may be one or two that have some kind of matching for associates, but I don’t recall which firms. Some offer matching for staff. It’s just not a benefit given biglaw associate/partner/counsel salaries and comp structure.

like

I don’t think any firms match

like

Baker Donelson does 3% match for associates and 100% match for shareholders. It’s AmLaw200 now, so I guess not technically BL. Whatever. But we did that as AmLaw100 too.

like

No match here, but there’s a discretionary profit share each year

My firm matches for staff attorneys and counsel. But yeah definitely the norm not to match for associates

Basically no firm matches...

When I became partner the $40k profit share into 401k (so about $60k total with my individual contributions) was a cool perk.

This is not uncommon. Firms generally live by the belief that they pay you a high salary so you can invest how you want to, not through forced contributions to a 401k

Related Posts

How much are Senior Associates/Principals making at small PE shops?

like

I want some advice, i’ve taken interest at BNSF Railway. I was wondering if y’all have any advice for me as i’m applying for an accounting/finance internship with them for the summer of next year. :(

Hello Fishes, I'm a UI/UX designer with ten years of experience and hold a GL offer of 25 lakhs. Is it a good company to join? Kindly do reply with job security perspective. 

Can anyone share their experience working in the online gaming industry (RummyCircle etc. kind)? What kind of work culture can you expect at such organisations?

TIA

like

What’s your current billable rate and salary?

like

What are the healthcare options like in India? I'll be needing regular care and I'm not sure what the insurance providers are and if care works differently in general.

like

Did anyone who is working in Hybrid model got relocation allowance in the starting from Bofa ???

Does TCS offer stock as part of bonus ?
Can employees (associates) purchase TCS stock?

like

Hello Fishes
What should be the expected salary hike when someone is doing tablue course from well known agency??
Current Industry: Market Research (Renewable Energy & Power sector)
YOE: 4.5
Preferred Relocation: Bangalore, Other IT Hubs

like

What should a commercial claims account manager be making as a salary ? Handles asbestos claims only. Works for a TPA handling claims for 4 carriers. Law degree with many years trial experience as in house ID but for personal lines. This is first job handling commercial claims

like

What is the promotional hike in GSK? Grade promotio or level promotion.

like

How much as per current market,we can get for 8 yeo in to .net full stack development .net with angular.
Cctc 15.3 + 2.3 so 17.6
I wanted to know how much fixed i can get ?

like

Hi Fishes, I am considering a Senior Engineer role with Alteryx (previously Hyper Anna) Sydney. If it's not too much trouble, I was hoping if anyone here could share their experience of working at Alteryx Sydney in terms of Culture, work life balance, politics, work pressure, people, Leadership and product. Thanks.

like

Hello Fishes, How much Amex can offer on Product Owner role at 14 years of exp ??

like

Hello Guys,

Infosys offered 22LPA (15% variable) + 1.25L joining bonus.
HCL offered 23LPA(10% variable).
YOE : 10.6 years.
Please suggest which one would be good from your experience and let me know to get better offer.

Hey guys! What is the standard CTC for a non-qualified in Big 4 currently with 5 years of experience?

like

Are there any flexi benefits in the payroll management system to get the tax exemptions in BA Continuum?

Hi fishes,
Any idea when will ibm India opening their office. Is it fully work from office or hybrid model?

like

Typical salary band for Consultant level for Risk & Advisory in HCOL? Got an offer for 90k + 10k signing so trying to see if this is high or just standard. 2 YOE, they mentioned promotion to SC in 6-8 months.

like

More Posts

I went through a referral to apply at Facebook. My application got rejected but the recruiter still offered to get on call to explore opportunities. Is there any way I can prep for this?

like

Hi,
I had applied in TCS in Jan 2022, post which I had been getting one call every month till April checking my details of background, my skills, etc.
Since May no response from them. I got to know from one of my friend working there...that my cv is shortlisted and is pending for evaluation with the manager. How long does their recruitment process takes after cv is shortlisted

like

Hi! I have been seriously applying for weeks upon weeks for a scrum master position/agile coach. But it’s hard getting an offer 😢

How much does Infosys pay to a JL5 and JL6 for onsite? After how many years after joining do they send abroad? Infosys

like
like

I can never ever seem to stop thinking about work and have given myself too many anxiety attacks just thinking about everything coming up for busy season already. Any advice for how to manage?

like

Someone talk to me about Isobar and/or IA Collaborative. 👍👎❓

like

Thoughts on Reputation?

like

Looking for a good personal finance or similar book to read. Any suggestions?

like

I don't think I'm alone when this is what's on my desk...

Post Photo
likefunnyupliftinghelpful

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

like

Any one knows what’s the easiest way to order a radon test for new construction?

like

Whats your favorite case management software? My growing small practice is looking for recs

like

Not only did OC show up to mediation with zero intent to settle, ending the mediation before it even started, but they also ate our lunch (two lunches each)! This to me summaries my feelings toward mediation, and why I’m generally avoiding it moving forward.

like

AWS Cloud question- what the difference between an SCP and IAM? Thanks in advance

like

To those who transferred offices - when is the best time to do so? Currently, a staff 1, should I wait to become a senior to have better options or does it even matter?

like

What's the salary for a SA at KPMG London?

like

Can someone tell me how much time it takes for an official offer letter to be released after a salary negotiation interview in MS?

like

Additional Posts in Big Law

Whats a bougie/hip gift from a friend you would appreciate?

like

What is the average adoption assistance benefit at big law firms?

like

I’ve made it 5+ years in a NY M&A practice and have consistent exceeding expectations reviews. I’ve had a few mental breakdowns because of work during this time, but thankfully made it through. I’ve been in a near constant depressive/anxious state for family reasons for the last year and half, and am soon having my first kid. I’m scared shitless that I’ll spiral out of control both at work and at home if something doesn’t change soon. Any suggestions on how to keep this job and keep it together?

like

How does compensation change by foregoing partnership at a firm and going in house? I’m a 2nd year trying to understand long-term earning potential

like

Former big law associate here who burned out. Now a corporate inhouse counsel.

Been recovering and considering going back to actual legal practice.

I feel I need a new practice area.

One that impacts people’s lives and is meaningful, but where you don’t have to deal with disturbing facts and personal tragedies.

Any suggestions?

like

Does your firm let you take 28-30 December off? Many of my team members won’t be working those days and I decided last minute that I’d like to travel somewhere between Christmas and the New Year.

likehelpful

Currently clerking, but have accepted a post-clerkship offer at a biglaw firm. Thoughts on whether the firm would give me a referral bonus if I refer one of my friends and they get hired before I officially start?

likefunny

Beginning to consider going in house (4th, corp) - I really haven’t thought about what I want, partly because I’m not sure what’s out there/attainable. Is it a bad idea to start by applying to a couple positions that interest me and seeing where that gets me? I’ll of course prep for the interviews but am afraid to burn potential bridges if I ultimately decline because I’m still figuring things out.

like

When Adam dwelt in God's safe harbour,
Who was then an equity partner?

likefunny

Was interviewing with a firm and soon after receiving an offer, learned of bad culture/toxic partners in the practice group from a couple of associates who recently lateraled from the firm. I turned the offer down. A partner that I clicked with while interviewing reached out asking me why I turned down the offer. Should I be honest and relay what I heard?

like

What responsibilities should a litigation associate have by their second year?

like

Which is more painful: watching litigators draft contracts or transactional attorneys litigate?

likefunny

Quit quit quitttttyyyy time!

like

6th year litigation associate with a lateral offer in hand. Would love any advice on details I should confirm before accepting? I was already thinking year end bonus match without hour requirement and confirm earliest year of eligibility for partner consideration.

like

Just started in Biglaw as a first year - one of the partners made a passing remark that he couldn’t remember my PQE but thinks I’m “the same as X associate”. Went on LinkedIn and saw that X associate is a third year. How do I gently correct this misconception in a future conversation?

like

Is it possible to transition from antitrust litigation to general litigation?

like

I had to eat a lot of class years when joining big law. I didn’t go T14, didn’t get a summer job in big law, had to work my way up and finally got here. I’m at a great firm doing the exact work I like doing. Now, all around me, colleagues who graduated with me or after me are getting promoted and I’m still a long ways away. They all deserve it. But I can’t help but feel jealous and angry about the uncertainty ahead of whether I’ll make it there and how long it will take. Can anyone relate?

like

Does anyone know what the onboarding process is like at K&L Gates? I start in a few weeks and I'm curious.

like

When BigLaw attorneys interview students, how soon afterward do they give feedback? What kind of feedback do you give as an interviewer at your firm (e.g. qualitative, quantitative, thumbs up, thumbs down, veto)? Does everyone get in a room or do you just submit the forms to one hiring partner, and/or to a black box? If you don't click with the student, what would make you still give them a thumbs up? Sorry if my questions are a little neurotic... !

likehelpful

Why do many associates at top tier firms stay to make Partner when they can go in-house in tech and make around the same, even long term? For example, you can make near 400-550k in-house at Google, Netflix, FB with 8-10 years of exp. More senior than that in-house, it can easily break $1M.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal