Disability Benefits
What you need to know
You’re protected financially when you’re unable to work because of your own injury or medical condition (including pregnancy), or because you’re caring for a family member who is ill or injured.
Short-Term Disability
The firm will continue to pay 100% of your monthly minimum distribution during the first 180 calendar days of disability.
Long-Term Disability
Eligible partners are required to purchase group long-term disability insurance. If your disability lasts beyond 180 calendar days, this benefit replaces 60% of your pre-disability base pay, up to a maximum benefit of $40,000 per month.
The plan integrates group income protection coverage with individual disability coverage. Each partner holds an individual policy that provides 20% income replacement, up to $13,333 per month, along with group coverage that offers 40% income replacement, up to $26,667 per month.
Eligible partners may purchase additional voluntary coverage that will replace up to an additional $5,000 of income per month. Income is based on your prior year K-1 or first year target compensation for new partners.
Group Excess Long-Term Disability
Equity partners are automatically enrolled in coverage through Lloyd’s of London. The mandatory coverage provides up to an additional $20,000 benefit per month. Voluntary coverage (if eligible) can provide up to an additional $60,000 in coverage. Partners age 59 and older as of April 1 each year may waive group excess long-term disability insurance coverage. Coverage for this plan renews on April 1 each year.