Sometimes it takes a while. But we usually get results, eventually.
Back in July, we published a post entitled Clerkship Bonus Watch: What’s Up With Shearman? Today, at 12:32 p.m., this email went around at Shearman & Sterling:
At the last meeting of the Associates Committee in New York, the committee representatives noted that we had fallen behind some other firms who had adjusted clerkship bonuses in 2007. As we mentioned at the meeting, we assumed that the firm would promptly respond with a clerkship policy consistent with the market.
Accordingly, I am pleased to report that because the firm places great value on the experience a clerkship provides, it has raised bonuses to $50,000, paid to associates who join the firm after August 1, 2007 and who complete a one-year eligible clerkship. For two one-year clerkships or two-years of clerkship experience, the firm will pay $70,000. An additional bonus is paid to U.S. Supreme Court clerks.
For details, please refer to the firm’s website.
This is the first clerkship bonus news in a while (since Dechert). Have we missed any developments? If you know of clerkship bonus news that we haven’t previously covered — use the site search function or the archives to check — please email us. Thanks.
Earlier: Clerkship Bonus Watch: What’s Up With Shearman?