Add RSS RSS

Nationwide Start Date Watch: Nixon Peabody Makes the Move to January 2010

Nixon Peabody logo.JPGGiven Nixon Peabody’s announcement earlier this week that it was laying off 20 attorneys and 36 staff, one might safely assume that there is not enough work to go around at the firm. Accordingly, a tipster e-mailed us this week to say that 3Ls bound for Nixon this fall had been told that their start dates were being pushed back.

Allison McClain, Nixon Peabody’s spokesperson, confirmed this:

We have chosen to defer the start date for our fall associates to January 2010 and we will pay each a deferral stipend. This start date change affects all of our fall associates in all offices.

McClain declined to elaborate. Someone tell us: what’s the going rate for deferral stipends these days?

Last month, we asked whether later start dates were the trend for the fall. In our terribly unscientific poll, only 6% of respondents said their start date would be in January, while the most sizeable chunk—35%— said they were starting in September.

We’ll continue to keep you posted as to start date push backs. On the downside, later start dates mean delayed revenue for first-year associates (though one could move home with the parents and hoard the deferral stipend). On the upside, those Biglaw-bound 3Ls who don’t like the beach may be able to start thinking about bar trips that involve skiing.

Update (2:39): Tipsters are now confirming that the deferral stipend is $10,000.

Earlier: Nationwide Layoff Watch: Nixon Peabody Lays off 20 Attorneys, 36 Staff
Nationwide Start Date Watch: Longer summers for new associates in 2009?

Comments

Comments hidden for your protection. Show them anyway!

Post Your Comment