Here are the members of the “$50K/$70K Club” — the elite law firms that pay clerkship bonuses of $50,000, for one year of clerking, or $70,000, for two years:
1. Cravath, Swaine & Moore
2. LeBoeuf Lamb
3. Skadden Arps
4. Sullivan & Cromwell
5. Weil Gotshal & Manges
One of these things is not like the others…
Yes, that’s right: LeBoeuf Lamb, while certainly a prestigious firm, historically hasn’t been regarded as “in the same league” with the others.
But perhaps that will change, given the firm’s intent to go after top legal talent, as expressed through their clerkship bonuses. And see also their website:
We actively recruit associates who have completed judicial clerkships and reward them with clerkship bonuses and advanced standing. Effective fall 2007, LeBoeuf Lamb lawyers who join the firm immediately after completing law school and a qualifying judicial clerkship receive $50,000 if they have participated in a one-year clerkship or $70,000 if they have participated in a two-year clerkship. Candidates are encouraged to ask for more details about our clerkship bonus program during the interview process.