Add RSS RSS

Options for Incoming Orrick First Years

Orrick logo.JPGOn Tuesday, we were able to tell you that Orrick would be giving a $75K stipend to 3Ls who are willing to defer for a year. We are now able to bring you additional information on Orrick's plan for its incoming first year associates.

First and foremost, we understand that the $75K stipend is available only if 3Ls are able to secure a public interest or government fellowship. 3Ls received a memo from Orrick which listed some organizations that are hiring. But if you can't get a job, you can't get the money.

That said, the firm is open to suggestions. We talked with an Orrick spokesperson who said that the firm would look at any suggestions that 3Ls had for fellowship options. The firm will look at it on a case-by-case basis, looking at whether the job will give the 3Ls good legal training. The firm has put a full time pro-bono manager in charge of helping incoming first years get placements at other organizations. Speaking about the 3Ls, the spokesperson said that the firm likes all of the people that have offers to return to the firm: "We want them back."

But that isn't the only option for incoming first years. Details after the jump.

3Ls heading to Orrick are invited to better-deal the firm if they can. Orrick is giving people the option of taking some money and running. As one tipster puts it, Orrick will give you $18,500 to:

Go away and never come back.

Gollum.

An Orrick representative tells Above the Law that the $18,500 is in addition to a $15,000 bar stipend. Start dates for some Orrick first years will be January 2010. Others are looking at March 2010. Orrick felt that it had to give incoming first years the option of leaving Orrick and looking for another opportunity. Firm spokespeople emphasize that this program is not Orrick's way of encouraging people to leave the firm. That is why the "transition stipend" is less than the deferral option. Orrick would rather incoming 3Ls take the fellowship and come on board in 2010.

Are there 3Ls that think that they can get a better job than what Orrick is offering them in 2010?

We expect to see more and more firms come up with creative options for their incoming first years if the economy doesn't show significant improvement by the fall.

Earlier: Nationwide Layoff Watch: The Orrick 300

Comments

Comments hidden for your protection. Show them anyway!

Post Your Comment