Biglaw, Bonuses, Clerkships, Money, Skaddenfreude

Clerkship Bonus Watch: O’Melveny & Myers, Morrison & Foerster

100 dollar bill Abovethelaw Above the Law law firm salary legal blog legal tabloid Above the Law.JPGWe’re back. It’s Monday. We don’t like Mondays. We’re feeling sluggish today.
So we’ll take the path of least resistance, and start a thread about an ATL staple: clerkship bonuses. We have some good news about two new (and non-New York) firms.
First, the rumor about O’Melveny & Myers can be treated as confirmed. We received lots of emails about OMM. Here are two:

“O’Melveny and Myers has raised their federal clerkship bonus to 50k. District Court and Appellate. Not sure about second year bonus of 70k.”

“O’Melveny and Myers just raised their clerkship bonus from 35k to 50k. As far as I know, they’re the first non-NY based firm (aside from Susman) to go to 50k. And it’s straight 50k — it doesn’t include a bar stipend like that Latham nonsense.”

Second — from just one source, so let us know if it’s erroneous — we hear that Morrison & Foerster has joined the $50K Club:

“Noticed the clerkship bonus list of shame (7/02/07). A co-clerk of mine is joining MoFo this fall and the clerkship bonus is listed as 50K (nationwide) in the documents he has received.”

If you have clerkship bonus information not previously reported on ATL, please email us (subject line: “Clerkship Bonus”). Thanks.

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