When firms rescind offers, do the associates have to repay bar expenses and salary advances?

Thacher Proffitt pays for Barbri, PMBR, exam fees and travel costs.

CHEAP, CHEAP WACHTELL!!!

Shearman NY reimburses all bar expenses and has direct billing for BarBri and the comprehensive PMBR. Also, I believe they pay a stub bonus.

Shearman DC is identical to Shearman NY (see 1:15).

again MLB is wrong - NY office pays stub bonus

White and Case gives a 4,000 dollar stipend only.

Faegre & Benson pays for Bar review course, Exam fees and moving expenses and the salary advance is $10k not $5k

Kirkland kicks the crap out of other firms with their bar expense reimbursement, signing bonus AND full bonus consideration for first years.

The Sidley NY stub bonus info is wrong - as a first year, all of us got 10K in December as a stub.

I'm surprised at Wachtell. I'd expect 50k and a couple of prostitutes or something.

yes, $20,000 is way cheap

schulte pays for barbri/pmbr/exam fees, with a $5k salary advance.

Ropes gave all first years a stub bonus of about $8000, not just New York.

1:04: uh, no, that would be way too cruel.

Does anyone know whether they withhold taxes from stipends?

The firms should be ranked by how much money their total reimbursement/stipend/stub bonus package is worth (not advances because they are nearly worthless - perhaps a few hundred in interest). This is difficult to calculate unless you have a firm grasp on what the stub bonuses actually are. Regardless, it would appear that Cooley would be first with about $24,000 worth of stuff. Wilson Sonsini is not far behind at about $21,500. The top NY firms seem to be in the $18,000 range.

Thacher Proffitt actually does reimburse for BarBri and the like. Just FYI.

The Wachtell stub bonus info is wrong. They pay a prorated version of whatever percentage they're paying to associates in general. So my understanding is in 2007, if you started in September as a first year, you got a roughly $55,000 bonus.

Top NY firms are more in the $15k-16k range.

Hey a bit off topic but - I'm an incoming V50 associate and haven't received my start date yet, is this weird?

They obviously withhold taxes from stipends. They have to withhold taxes from most of the reimbursements too, but almost everyone has a gross up.

How about a thread discussing what sort of firm events incoming associates will attend this summer and fall...

How about a thread discussing what sort of firm events incoming associates will attend this summer and fall...

McDermott gives a $9,500.00 summer stipend. Your info is wrong.

Why don't all firms offer an enormous zero-interest-rate salary advance? Seems like an easy way to give associates tax-free compensation.

Yes, they withhold taxes from stipends.

Why do they withhold taxes from stipends?

Shouldn't we receive the gross amount and simply report the amount as earnings to be taxed at the end of the year?

Uhhh, a stipend is just a bonus - they are required by law to withhold taxes from it.

The Reed Smith info is wrong also, not that anyone cares.
Did anyone research this or is this just random? I can make inaccurate charts too.

Chart is totally wrong for Schulte Roth & Zabel

The firm pays for Bar exam expenses (plus laptop fee) Bar/Bri review course, PMBR and other supplemental courses.

The Firm provides a $5000 salary advance.

The Firm gives a "stub bonus" of about $9k

Where the hell did ATL get its information?

I don't usually speak out much about ATL's methodologies, but it seems like they should have put a * or the equivalent if they didn't have enough information. TPW and SRZ give better incentives than those listed, even though the market is sh#@. Ie, the std bar fees (see comments above).

What's up with Shearman NY? No bar expenses and no bonus? Seems wrong.

Does anyone really care what Schulte is doing? I thought they were laying off half their staff anyway.

1:46 - the $20k is a salary advance, not a bonus. Doesn't really do much but help you pay upfront relocation costs, but it is not extra cash.

I thought "it" was laying off half "of" "its"

Punctuation and grammar -- Its what"s for dinner&

3:12 pm:

The chart is wrong about Shearman NY, like 1:15 pm said.

As far as Shulte Roth goes

What you have listed is what SRZ gives to summer associates ($1,000 advance)

It looks like 2:41 PM as what they give to starting associates

Fried Frank to 190

Wachtell is all smoke, mirrors and lox

S&C pays pro-rate bonus as well.

S&C pays pro-rated bonus as well.

S&C pays pro-rated benis as well.

Your White & Case info is incorrect for non-NY offices. There is no travel reimbursement for the bar (or for getting sworn-in, even though being interviewed in NY in-person is mandatory) and there is no stipend -- only an advance of $5K before you start and $2500 the week you start (to compensate for the fact it takes a while to get employees into the payroll system).

Winston & Strawn pays a prorated stub bonus - at least in NY. Class of 2007 in NY made $10K for 3 months or so last year regardless of hours billed.

Katten reimburses travel to get sworn in. What a fun trip to Albany that was.

GDC NY - No Stipend
GDC DC - $13K

?

quinn pays moving expenses (direct billed to ace relocation) and direct bill of bar-bri expenses. also reimburses for MPRE.

sheppard mullin also gives travel and moving expenses

Schulte subsidizes half of your gym membership that you never use. Awesome

Which of the V10 firms have the nicest offices?

Thelen NY is wrong. They reimburse you for Bar Bri, PMBR, Exam Expenses, MPRE, etc.

Any insight here on Fulbright & Jaworski - DC office?

Thanks.

REED SMITH: What is the correct info? BTW, are you an associate, and if so, do you enjoy working for them?

why does Jones Day Dallas get a signing bonus but not NY??

why does Jones Day Dallas get a signing bonus but not DC or NY??

Reed Smith reimburses for bar expenses and bar review courses, in addition to the 7k stipend