Biglaw, Bonuses, Clerkships, Money, Skaddenfreude

Clerkship Bonus Watch: Gibson Dunn

Gibson Dunn Crutcher LLP GDC gdclaw Above the Law blog.JPGWe have confirmed, with a reliable source at the firm, the rumor that Gibson, Dunn & Crutcher now pays a $50,000 clerkship bonus, as of January 1 of this year. We don’t know the firm’s policy for multiple clerkships of years of clerking; if you happen to know, email us, and we’ll update this post with the information once it’s confirmed.
Over the weekend, there was some discussion about a possible slowdown in terms of law firms hiring law clerks. Could sizable clerkship bonuses be contributing to this, by making law clerks more expensive for firms to hire?
Update: Two pieces of additional information. First, the $50,000 bonus is “flat”; it does not increase for multiple clerkships or years of clerking. Second:

I love Gibson Dunn, but don’t be fooled. They just eliminated the bar stipend amount ($15,000), and then tell you that you are getting a $50,000 bonus for clerking. You can get $15,000 in the summer before you start your clerkship (like all of the other new associates) to help pay for the bar, but then your bonus really is only $35,000. So, they didn’t really up their bonus, they just called your bar stipend something different.

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