What a shithole

I don't get it. How is that a "twist"? A twist would have a first come first serve for a January date vs a September date. Choosing start dates on a 1st come/1st serve basis over a two or three week period is how firms have been doing things for years. What is the big deal?

I wonder how many slots there are for each date.

But at least you're still paid in PrestigePoints. V20 FTW.

This would never happen in Houston.

That picture makes Paul Hastings very very angry.

Dave Gordon should resign, or commit suicide.

- Senator Charles Grassley

MysTTTal

Shearman kids should've taken the year long deferral. It was 60K, with no strings attached (no need to work somewhere else, sequire pro-bono, leave the firm, etc.)

If you didn't take the year long deferral you're a moron in my book. Hell, get a summer job, make 20K being a lifeguard on a nice beach, no responsibility, chill out, live somewhere cheap, you got an 80K salary. More than enough to live on and pay some loans. You stupid, stupid gunner kids. When will you learn. I'd kill for a stipend like that.

Kind of hope you're fucked till the start date with no stipend for being a greedy, moronic gunner.

This story about Ms. Anal Sheikh is priceless.

http://www.loweringthebar.net/2009/06/lawyer-charged-with-billing-during-sex.html

10

And what happens if S&S gets bankrupt during that year long deferral? No stipend. Do you have a viable Restatement 90 claim?

@12 "if"?

first come, first served

The ship be sinking...

10- lifeguards work 3 months per year. I don't think one is going to make $20k in 3 months lifeguarding.

If Mystal and Kash had a baby, would it have both moobs and an asslobster?

Discuss.

16

You can easily make $20,000 as a lifeguard if you work in southern California and are (a) Yasmine Bleeth, (b) Carmen Electra, or (c) Pamela Lee Anderson.

I'd rather go to Salusa Secundus with my $60,000 stipend than return to work at Sherman & Sterling.

What a TTT firm.

16 - whatever the physical makeup, the baby's analytical skills would be poor

Are asslobsters pubic lice infesting the rectum?
What a horrible malady!

i hear loads of stealth layoffs are occurring at S&S.
personally know of many 1st and 2nd year corp associates who go the axe

The sooner you start, the sooner you can get fired for "performance reasons".......c'mon in kiddies!!!!

I’ve been practicing law for over six years now, and I have demonstrably more legal know-how than any incoming first year. If any firm wants to pay me not to work for them, I am willing to entertain offers.

If I can get the government to pay me not to grow crops, and some law firm to pay me not to work for them, I think I could retire from not working before I’m 50. It will be tough juggling two careers, but early retirement will be worth it.

I hear the urinals at S&S are first-come first-served too. OHHHHH the horror.

Should of took the deferral. Those starting in January/Feb risk the economy not picking up fast enough and getting laid-off within months. The Sept. 2010 deferrals will likely come in when work has picked up (if it ever does for this TTT).

I took the deferral, best decision of my life. And it was $65K not $60K, stop trying to screw me out of my extra $5K... of course I will not see the last payment until May.

#7 = comic genius.

27--what are you doing in your deferral?

29

Working on a bodega in the Lower East Side.

27

This is the real 27... I am going to China to brush up on my Chinese for a year.

27/31 - nice.

17 - what is an asslobster

This is the real 27... I am volunteering with AmeriCorps to build houses in New Orleans and teach economically disadvantaged children.

On the side, I'll be selling ice cream from a Good Humor truck. Plenty of business in N'Awlins.

Lifeguards work for way more than 3 months a year in all of the country that is in the Southern half moron. Ever hear of a place called Florida?

I used to make $15/hr in college lifeguarding at a private beach club. Figure it out morons.

34 - ok prole, go back to working at starbucks. and don't yell at me for sitting here not drinking. i'm tracing fashion books. enjoy your min. wage

35, enjoy your ugly, fat, virgin, small dick mouthbreathing ways.

b is for bel!

It looks like incoming first years may actually get in the door.

The economy is picking up...this has been reported by every major news organization for hours a day. The media has been reporting on a possible "recovery" for some time now. The questions are: 1) is it really a recovery; and 2) if so, how bumpy will the recovery be?

Of course, ATL does not report anything about the recovery. All we get is bad news and "the world is falling" and "the end of biglaw" hype. MORE EVIDENCE THAT ATL IS LINING ITS POCKETS WITH FEAR AND PANIC. Do not be fooled.

The economy is picking up, people. By January, there will be enough work to go around...and even if there isn't in January, firms will keep bodies around for when it does.

2 more things:

1) law firms are lagging indicators - if things have picked up in the last 2 months or so, law firms wont feel the benefit a little later than other businesses.

2) there are A LOT of deals and LAWSUITS that aren't happening right now because of the economy...but they WILL happen once the economy is stable (provided the SOL hasn't run).

Fuck ATL, MysTTTal, and even Lat. This site is not our friend. Lat may think he's sticking it to the man (biglaw firms) but he's sticking it to us right now. Talk about entitlement....he's a Yalie who didnt like his lifestyle at Wachtell. You're pathetic, Lat, and this site is the enemy.

You are dreaming, 39. The economy is not picking up, and there won't be any meaningful recovery for another 5 years.

Biglaw may not be done for, but it will certainly shrink a lot by the time this is over. And many, many firms will fail in the next year or two. Sorry....

So is S&S really not starting people until late January (at the earliest) with NO stipend?! That belongs on its own list of shame...

41 -- they won't be starting everyone in January. Not a chance in hell.

First, the $15K to non-deferred first years is a SALARY ADVANCE, not a STIPEND. Second, the cost-benefit analysis was different for each person. For some, deferring was an obvious choice. For others, it may have been a strategic decision to get into the firm and make a mark before the influx of the rest of the summer class and the 2009 summers starting the following year. Either way, for 6 months of unemployment and no health care coverage and loans coming due for many during that time, they are in a pretty shitty position.

Gotta love this economy...

42--I understand that not everyone will start in January (hence the "at the earliest"). What really shocks me (and, given S&S's track record, it probably shouldn't) is that they aren't giving a stipend for those who will start so late. Other firms are either giving the late-start stipend, or starting on time. Maybe S&S just can't keep up with its "peers"?

44 -- no, you don't understand. These are mythical start dates. There is no way S&S will have enough work come January to support all this new blood.

They will likely be calling all of y'all in November suggesting that you do something else for a while...

I know a V10 firm that gave out start dates on a first-come first-serve basis. However, they didn't tell people in advance that this is how it would be decided. And it wasn't just a matter of two weeks -- it was a difference of more than two months.

the reason the firm didn't give a stipend is because the Jan start-date is really not much of a delay at all. the firm said from the end of last year's summer program that the (huge) class would be starting late. all of the firms giving stipends are those who are reneging on earlier promised start dates. not the case here. a stipend would have been nice, but the firm doesn't really owe the incomers anything b/c they knew this all along. also, a stipend may have dissuaded many people from taking the deferral.

47 -- except that they won't actually be starting in January....

Hey 45/48, why don't you actually look shit up before you start posting on here. You really think that Shearman, which has work on the GM Bankruptcy, done both Ford offerings, and is now doing the JetBlue offering, isn't going to have enough work? I'm sorry Shearman didn't make you an offer, but it was probably due to your inability to get your facts straight before making assertive statements.

elie you started three out of four sentences, not counting "more details after the jump," with the word "but." and what's the point of "--as of this writing--"? isn't everything you write "as of this writing?" you are a terrible writer and you're not getting better.

every time you post something about shearman you try to make something out of nothing. 3 start dates spread over 14 days for a class that will be 80 or 90 people is totally normal. how else should they allot the spots if the first date is oversubscribed?

50 is right...sorry I couldn't comment sooner...I was busy billing,,,

Start dates at Shearman have been spread out over similar 3-4 week periods for 2004, 2005, 2006, 2007, 2008, [whoops...] and now 2010.

Its simply for ease of administration/orientation. This is a non-story. ATL picks on a few firms and then lets others get away with all the same shit.

If ATL wants to be productive - why not conduct a survey of compenstiaon increases over the past decade of BigLaw staff vs. BigLaw asssociates vs. Greedy Partners.

Then compile a ratio of recently canned staff vs. canned assoociates vs. canned partners.

You'll see a divergence between risk and reward that would make AIG's board jelaous.

Shit flows downhill everywhere, not just at a few firms.

Stop trying to pick battles and mobilize for the war.