Find out whether today's installment will at last make it to Wachtell, Weil, WilmerHale and beyond . . . after the jump.
But before we get there, let's quickly review what we said about the table last week:
And, of course, if you'd like to add, update, or clarify any details about your firm please send us a tip.
Firm | Bar Exam Stipend or Reimbursement | Signing or Graduation Bonus | Salary Advance | Stub Bonus |
Akin Gump - DC | BarBri and PMBR Exam fees $7,500 stipend | None. | None. | $1,000 |
Akin Gump - Houston | $3,000 stipend | $11,000 | None. | None. |
Allen & Overy | Bar review course Exam expenses | None. | $12,000 | $8,750* |
Alston & Bird | BarBri (direct billing) Exam fees Hotel | None. | $7,500 | None. |
Armstrong Teasdale LLP | Bar review course Exam expenses | $3,000 | None. | None. |
Arnold & Porter | $6,000 to $12,000 stipend | None. | $0 to $7,000 | None. |
Baker & Hostetler - DC | $3,000 stipend | $5,000 | None. | None. |
Baker & Hostetler - NY | $5,000 stipend | None. | None. | None. |
Baker & McKenzie - Dallas | $5,000 stipend | $10,000 | None. | None. |
Baker & McKenzie - NY | $5,000 stipend | None. | $5,000 | $8,000 |
Baker & McKenzie - Palo Alto | $15,000 stipend | None. | None. | None. |
Baker Botts | BarBri and PMBR Exam fees Hotel | $5,500 signing bonus $5,000 graduation bonus | None. | None. |
Balch & Bingham | None. | $5,000 | $10,000 | None. |
Ballard Spahr | $5,000 stipend | None. | None. | None. |
Berenbaum, Weinshienk & Eason | None. | None. | None. | None. |
Bingham | BarBri (direct billing) | None. | $10,000 | None. |
Blank Rome - NY | $6,000 stipend | None. | None. | None. |
Blank Rome - Philadelphia | $5,000 to $8,000 stipend | None. | None. | None. |
Boies, Schiller and Flexner | BarBri (direct billing) Exam expenses | None. | $10,000 | None. |
Bracewell & Giuliani | Bar review course Exam expenses | $10,000 | None. | None. |
Bryan Cave - DC | None. | None. | $10,000 | None. |
Bryan Cave - NY | $0 to $3,000 stipend | None. | $10,000 | None. |
Buchanan Ingersoll | 7000 | None. | None. | None. |
Cadwalader | Bar review course Exam expenses Travel | None. | $7,000 to $10,000 | $0 to $18,000* |
Cahill Gordon & Reindel | Bar review course Exam expenses Travel | None. | $7,000 to $10,000 | $0 to $11,000 |
Chadbourne & Parke | Bar review course Exam expenses Travel | None. | $10,000 | $9,400* |
Chapman and Cutler | $12,000 stipend | None. | $3,000 | None. |
Cleary Gottlieb | Bar review course Exam expenses Travel | None. | $10,000 | $10,000*** |
Clifford Chance | Bar review course Exam expenses Travel | None. | $10,000 | $0 to 5,000 |
Cole, Scott & Kissane | None. | None. | None. | None. |
Cooley Godward | Bar review course PMBR Exam expenses Hotel $18,461.54 stipend** | None. | case by case | None. |
Covington & Burling | $8,000 stipend | None. | None. | None. |
Cravath | Bar review course Exam expenses Travel | $3,000 | $7,000 to 8,000 | $7,500 to $10,000 |
Crowell & Moring | Bar review course Exam expenses | None. | $10,000 | None. |
Davis Polk | Bar review course Exam expenses Travel | None. | $7,000 to $8,000 | $0 to $13,000* |
Debevoise | Bar review course Exam expenses | None. | $10,000 | $0 to $12,000 |
Dechert - NJ | $8,000 stipend | None. | None. | $3,000 |
Dechert - NY & DC | $5,000 stipend | None. | $0 to $10,000 | $10,000 |
Dechert - PA | $11,000 to $12,000 stipend | None. | None. | $0 to $3,000 |
Dewey & LeBoeuf | BarBri or Pieper (direct billing) PMBR (direct billing) Bar and MPRE expenses Travel | None. | $0 to $10,000 | $10,000* |
Dickinson Dees | None. | None. | $5,000 | None. |
Dickstein Shapiro | BarBri PMBR Exam fees | None. | $5,000 | None. |
DLA Piper - CA | Bar review course Exam expenses | 15000 | None. | None. |
DLA Piper - Chicago | Bar review course PMBR $700 for exam application $7,500 stipend*** | None. | None. | None. |
DLA Piper - NY | Bar review course Exam expenses Travel | None. | $10,000 | None. |
DLA Piper - Seattle | $12,000 stipend | None. | None. | None. |
Dorsey & Whitney - MN | Bar review course Exam expenses | $5,000 | $5,000 | None. |
Dorsey & Whitney - NY | $3,000 stipend | $5,000 | $5,000 | None. |
Dow Lohnes | $5,000 stipend | None. | $5,000 | None. |
Drinker Biddle & Reath | $10,000 stipend "bar-related expenses" | None. | None. | $0 to $5,000 |
Faegre & Benson | None. | None. | $5,000 | None. |
Finnegan Henderson | Bar review course Exam fees $18,461 stipend (6 weeks salary) | None. | None. | None. |
Fish & Richardson | Bar review course Patent bar review course Exam fees | None. | 10000 | None. |
Foley & Lardner | Bar review course Exam expenses | None. | $10,000 | None. |
Fox Rothschild | $3,000 stipend | $5,000 | None. | None. |
Freshfields | Bar review course Exam fees | $10,000 | $10,000 or more | Pro-rated bonus |
Fried Frank | Bar review course PMBR Exam fees | $3,000 | $10,000 | Pro-rated bonus* |
Fulbright & Jaworski - Austin | $3,000 stipend | $10,000 | None. | None. |
Fulbright & Jaworski - Houston | $4,000 stipend | $10,000 | $10,000 | None. |
Gardere | $5,000 stipend | $5,000 | None. | None. |
Gibson Dunn - NY | Bar review course Exam fees | None. | 10000 | $0 to $9,000 |
Gibson Dunn - other offices | Bar review course Exam fees $12,000 to $13,333 stipend | None. | None. | $0 to $9,000 |
Goodwin Procter | Bar review course PMBR Exam fees | None. | $5,000 | 8750 |
Greenberg Traurig - DC | None. | None. | None. | None. |
Greenberg Traurig - Denver | None. | $5,000 | None. | None. |
Greenberg Traurig - Miami | $5,000 stipend | None. | None. | Pro-rated bonus |
Haynes and Boone | $6500 | $4500 | None. | $5,000 |
Heller Ehrman - Bay Area | Bar review course Exam fees $12,000 stipend | None. | None. | Pro-rated bonus (if any) |
Heller Ehrman - Seattle | Bar review course Exam fees $4,000 stipend | $12,000 | None. | None. |
Hodgson Russ | $5,000 stipend | None. | None. | $0 to $3,000 |
Hogan & Hartson | $2,000 to $6,000 stipend | None. | None. | None. |
Holland & Knight | Bar review course Exam expenses | $5,000 | None. | None. |
Holland & Knight - Boston | $5,000 stipend | $5,000 | None. | None. |
Holland & Knight - DC | $3,000 stipend | $7,000 | None. | None. |
Holme Roberts & Owen | $5,000 stipend | None. | None. | None. |
Howrey | $12,000 stipend | None. | $10,000 | None. |
Hughes Hubbard | Bar review course PMBR Exam fees | None. | $10,000 | None. |
Hunton & Williams | $8,000 stipend | None. | $3,000 | None. |
Irell & Manella | Bar review course Exam fees $15,000 stipend (5 weeks pay) | None. | case by case | Pro-rated bonus* |
Jenner & Block | Bar review course PMBR MPRE Prep Exam expenses $13,000 stipend | None. | None. | None. |
Jones Day - Dallas | Bar review course Exam fees $3,000 stipend | $10,000 | None. | None. |
Jones Day - DC | Bar review course Exam fees $10,000 stipend | None. | None. | None. |
Jones Day - NY | Bar review course Exam fees $6,000 to $8,000 stipend | None. | $6.000 to $7,000 | $0 to $8,000 |
Jones Walker | $3,000 stipend | None. | $5,000 | None. |
K&L Gates - NY | None. | None. | $5,000 | None. |
K&L Gates - Seattle | None. | $4,000 to $10,000 | None. | None. |
Kasowitz Benson | Bar review course Exam fees | None. | $5,000 to $10,000 | $10,000 |
Katten Muchin Rosenman | BarBri (direct billing) Exam fees $9,000 stipend*** | None. | None. | None. |
Kaye Scholer | Bar review course PMBR Exam fees | None. | Up to $7,500 | Pro-rated bonus (up to $10,000) |
Keker & Van Nest | Bar review course Exam fees $10,000 stipend | None. | None. | Pro-rated bonus |
Kelly, Hart & Hallman | $4,000 stipend | $10,000 | None. | $5,000 |
Kenyon & Kenyon | Bar review course PMBR Patent bar review course Exam fees | None. | $5,000 to $10,000 | None. |
Kilpatrick Stockton | None. | $5,000 to $10,000 | None. | None. |
King & Spalding - Atlanta | None. | $10,000 | None. | None. |
King & Spalding - DC | $3,000 stipend | None. | $5,000 | None. |
Kirkland & Ellis | Bar review course Exam fees $0 to $4,000 stipend | $10,000 bonus*** | None. | Full bonus (based on August year-end) |
Latham & Watkins | Bar review course Exam expenses $13,333 stipend (4 weeks pay) | None. | None. | None. |
Linklaters | BarBri (direct billing) PMBR (direct billing) Exam fees Travel Hotel | None. | $5,000 to $10,000 | Pro-rated bonus |
Littler Mendelson | $4,000 stipend | $10,000 | None. | None. |
Locke Lord Bissell & Liddell | BarBri (direct billing) Exam expenses $15,000 stipend | None. | None. | None. |
Lovells | Bar review course Exam expenses | $10,000 | None. | None. |
Luce, Forward, Hamilton & Scripps | $12,000 stipend | None. | None. | None. |
Mayer Brown | Bar review course Exam expenses MPRE | $0 to $10,000*** | Up to $10,000 | $0 to $9,000 |
McDermott, Will & Emery | $3,000 stipend | None. | None. | None. |
McElroy Deutsch | None. | $0 to $5,000 | None. | None. |
McGuireWoods | BarBri PMBR Exam fees $5,000 stipend | None. | None. | None. |
McKee Nelson | Bar review course Exam expenses $12,000 stipend | None. | None. | $10,000 |
Merchant & Gould | $2,000 stipend | None. | None. | None. |
Milbank Tweed | BarBri PMBR Exam fees Hotel Travel | None. | $10,000 | $9,000 |
Miller & Chevalier | $6,000 stipend | None. | None. | None. |
Moore & Van Allen | $0 to $2,000 stipend | None. | None. | None. |
Morgan Lewis & Bockius | Bar review course Exam expenses $10,000 stipend ($5,000 in DC) | None. | cbc | None. |
Morris, Nichols, Arsht & Tunnell | $5,000 stipend | None. | None. | None. |
Morrison & Foerster | $15,000 stipend | None. | cbc | None. |
Munger Tolles & Olson | $10,000 to $12,000 stipend | None. | None. | None. |
O'Melveny & Myers | BarBri (direct billing) PMBR (direct billing) MPRE Exam expenses $10,000 stipend | None. | up to $5,000 | $0 to $7,500 |
Orrick, Herrington & Sutcliffe | Two bar review courses Exam expenses Travel $10,000 stipend | None. | None. | None. |
Patterson Belknap Webb & Tyler | None. | None. | up to $12,000 | $10,000 |
Patton Boggs | $8,000 stipend | None. | None. | None. |
Paul Hastings | $12,000 to $17,000 stipend | None. | None. | None. |
Paul Weiss | Bar review course Exam expenses | None. | 10000 | $0 to $11,000 |
Pepper Hamilton | $8,000 stipend | None. | None. | None. |
Perkins Coie | Bar review course Exam expenses Hotel $10,000 stipend | None. | None. | None. |
Pillsbury Winthrop Shaw Pittman | BarBri (direct billing) Exam fees | None. | $10,000 | $0 to $4,000 (New York only) |
Porter & Hedges | 4000 | $10,000 | None. | None. |
Proskauer Rose | $3,000 to $10,000 stipend | None. | $10,000 | $10,000 (New York only) |
Quinn Emanuel | $10,000 stipend | None. | None. | None. |
Reed Smith | $7,000 stipend | None. | None. | None. |
Ropes & Gray | BarBri PMBR Exam fees | None. | $10,000 | $0 to $9,000 (New York only) |
Saul Ewing | $3,000 stipend | None. | None. | None. |
Schulte Roth & Zabel | None. | None. | $1,000 | None. |
Schwartz Cooper | None. | $10,000 | None. | None. |
Seyfarth Shaw | Bar review course Exam expenses $12,000 stipend | None. | None. | None. |
Shearman & Sterling - DC | $3,000 stipend | None. | $11,000 | None. |
Shearman & Sterling - NY | None. | None. | $7,000 | None. |
Shearman & Sterling - SF | $5,000 stipend | None. | $7,000 | $9,000 |
Sheppard Mullin | Bar review course Exam expenses $8,000 stipend | None. | None. | None. |
Shook Hardy & Bacon | $3,000 stipend | $6,000 | None. | None. |
Sidley Austin | Bar review course PMBR Exam fees $10,000 stipend*** | None. | up to $10,000 | $5,000 (New York only) |
Simpson Thacher & Bartlett | Bar review course PMBR Exam fees MPRE Hotel Travel | None. | $15,000 | Pro-rated bonus* |
Skadden | Bar review course PMBR Exam fees MPRE Hotel Travel | None. | $10,000 | Pro-rated bonus |
Sonnenschein Nath & Rosenthal | Bar review course Exam expenses | 5000 | up to $5,000 | None. |
Stearns Weaver | None. | None. | None. | None. |
Steptoe & Johnson | $8,000 stipend | None. | None. | None. |
Stoll Keenon Ogden PLLC | $4,000 stipend | None. | None. | None. |
Stradling Yocca Carlson & Rauth | $6,000 stipend | $12,000 | None. | None. |
Sullivan & Cromwell | Bar review course PMBR Exam fees MPRE Hotel Travel | None. | $7,000 to $10,000 | $5,000 to $12,000 |
Sutherland Asbill & Brennan | None. | $10,000 | $3,000 | None. |
Thacher Proffitt & Wood | None. | None. | $10,000 | None. |
Thelen Reid - NY | None. | None. | $10,000 | None. |
Thelen Reid - SF | $12,000 stipend | None. | None. | None. |
Thompson Hine | None. | $6,000 | None. | None. |
Troutman Sanders | Bar review course Exam expenses | None. | $5,000 | None. |
Ulmer & Berne | $5,000 stipend | $7,000 | None. | None. |
Venable | Bar review course Exam expenses | None. | $5,000 | None. |
Vinson & Elkins | Bar review course Exam expenses | $3,000 | $10,000 | $10,000 (New York only) |
Wachtell, Lipton, Rosen & Katz | $3,000 stipend | None. | 20000 | None. |
Weil, Gotshal & Manges | Bar review course PMBR Exam fees MPRE Hotel Travel | None. | $10,000 | Pro-rated bonus |
White & Case | Bar review course PMBR Exam fees Travel | None. | up to $8,000 | Pro-rated bonus |
Wiggin & Dana | $3,000 stipend | None. | $7,000 | None. |
Wiley Rein | $5,000 stipend | None. | None. | None. |
Williams & Connolly | Bar review course Exam expenses | None. | None. | None. |
Willkie Farr & Gallagher | Bar review course Exam fees | None. | $10,000 | Pro-rated bonus |
WilmerHale | Bar review course PMBR Exam fees (up to two states) | $5,000 | Up to $10,000 | Pro-rated bonus* |
Wilson Sonsini | $17,500 stipend | None. | None. | $0 to $3,000 |
Winston & Strawn | Bar review course PMBR Exam fees $10,000 stipend | None. | None. | None. |
Young Conaway | $5,000 stipend | None. | None. | None. |
*Allen & Overy, Simpson Thacher and WilmerHale pay a pro-rated bonus based on a $35,000 annual bonus (which would usually work out to $8,750 based on a 1/4 proration).
Chadbourne & Parke pays a pro-rated bonus which would usually work out to $9,400.
Cleary Gottleib and Cadwalader pay a pro-rated "market" bonus which would usually work out to $10,000 at Cleary and ranges up to $18K at Cadwalader (which appears to pay NY market in all offices).
Davis Polk pays a pro-rated bonus based on a $30,000 to $35,000 annual bonus.
Dewey & LeBoeuf pays a pro-rated annual bonus which works out to $5K to $10K in most offices.
Fried Frank pays a pro-rated annual bonus which generally worked out to $10K last year.
Irell & Manella pays a pro-rated bonus based on a $47,500 annual bonus (which would work out to about $12K based on a 1/4 proration).
** Cooley Godward pays "six weeks" salary. This either means $18,461.54 ($160K * 6/52) or $20,000 (three semi-monthly installments of $6,666.67.) Since most people clicked on "$18,000" or wrote in a 6/52 calculation, we're putting $18,461.54 in the table for now.
*** Katten, Kirkland, Mayer Brown, Sidley Austin, and DLA Piper associates in Chicago may receive more under a PILI fellowship. At Katten, the associates participating in a PILI fellowship will receive an additional $7,000 stipend in May. At Kirkland and Mayer Brown, Chicago associates may opt to take 13 or 10 weeks pay, respectively, under a PILI fellowship instead of the $10,000 signing bonus (which works out to over $30,000). Note that Kirkland's 13 weeks includes 5 weeks at part-time. On the non-PILI front, Mayer Brown associates in New York, Palo Alto, and DC do not appear to receive a stipend (other than for relocation expenses), and the stipend for incoming associates in the Charlotte office is $5,000.
FIRST!
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