Biglaw, Bonuses, Clerkships, Money, Skaddenfreude

Clerkship Bonus Watch: Debevoise Joins the $50K Club

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGIf you’re a current clerk with an offer from Debevoise & Plimpton, good news. The firm has bumped up its clerkship bonus to $50,000 — which is fast becoming the new Biglaw standard.
There’s a small catch that may affect a few of you. Unlike some other firms, like Weil Gotshal and Cravath, the Debevoise bonus appears to be “flat.” It does not increase for multiple clerkships or years of clerking.
In case you’re curious, the Debevoise email appears after the jump.

Here’s the text of the Debevoise email announcing the firm’s new clerkship bonus policy:
From: Burleigh, Jennifer J.
Date: May 7, 2007 6:10 PM
Subject: Clerkship Bonuses
To: “Burleigh, Jennifer J.”
Cc: “Herbst, Sandra E.”
Happy spring! I hope this note finds you well.
I am very pleased to announce that Debevoise will be increasing to $50,000 the bonus payable to associates joining the firm after one or more clerkships. The increased bonus rate will be effective for associates who join the firm or return from a clerkship after August 1, 2007.
If you have any questions, please do not hesitate to contact me or Sandi Herbst, our Director of Legal Recruiting.
Jennifer Burleigh (for the Hiring Committee)
Jennifer J. Burleigh
Debevoise & Plimpton LLP

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