Biglaw, Bonuses, Clerkships, Money, Skaddenfreude

The $50K Club: Official Word on Weil

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGIn case any of you were wondering, last Friday’s news about Weil Gotshal clerkship bonuses has been officially confirmed. Here’s a statement from a firm spokesperson:

“Weil will pay $50K for a one-year state or Federal clerkship and $70K (i.e., the current amount) for a two-year clerkship.”

So there you have it, from the horse’s mouth. And there’s the answer to this commenter’s question: “Is that flat, or does Weil still double for two years?”
Okay, so Weil won’t give you $100K for two years of clerking experience. But $70,000 is still, as far as we know, the top of the market for two clerkships or years of clerking. Three cheers for Weil — and Cravath, which also pays $70,000 for two clerkships.
Does anyone know what S&C, Simpson, Paul Weiss, and Cleary Gottlieb — the other members of the $50K Club — pay for multiple clerkships or years of clerking? If so, please email us. Thanks.

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