Biglaw, Bonuses, Clerkships, Money, Skaddenfreude

Clerkship Bonus Watch: Paul Weiss and Cahill Gordon

Okay, commenters, break it up. There’s no need to come to blows over the propriety of discussing clerkship bonuses in a salary post.
Here at ATL, there’s enough cyberspace for everyone. We’re putting an end to the turf wars, by giving you a new, dedicated thread for talking about clerkship bonuses.
We’ll kick things off with some news. First, a reader alerted us to a change made to Cahill Gordon’s website:

Sign-on Bonuses: The firm pays sign-on bonuses of $50,000 to judicial clerks and $15,000 to LL.M. (tax) graduates when they start at the firm.

Second, from a law clerk tipster, about Paul Weiss:

I’m clerking for two years. Paul Weiss just notified me, by phone, that they will be giving $70K bonuses to all two-year clerks. Hurray!

Congratulations, law clerks! Your Memorial Day holiday weekend is off to a good start.
Compensation & Benefits [Cahill Gordon & Reindel]

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