Deferral Stipend, Summer Associates

Good News for Ropes & Gray's Future Associates

By  
on

It seems like the summer associates just arrived, yet many are already packing up their Biglaw bags to head back to school. This may be due in part to shorter summer associate programs this year, but that’s besides the point.

Summer associates departing the offices of Ropes & Gray have big smiles plastered on their faces. The firm has delivered good news, say tipsters:

During the week or two leading up to the end of the summer program, the Partner in charge of the summers met with all the SAs for reviews. In these reviews, ALL SAs got offers. There is not even a buzz about anyone getting no-offered or cold offered!

We checked in with the firm. A spokesperson put a very slight damper on the excitement, but also delivered some good deferral stipend news for 2010 law grads, after the jump.

Despite multiple tipsters’ claims, the Ropes spokesperson would not confirm a 100% offer rate for current summers. She said:

Our summer associate class will be evaluated using our usual standards and we will have a very high offer rate. The Class of 2010 has been offered the opportunity to undertake one-year public interest fellowships. If they choose not to participate, they will start with the firm no sooner than January, 2011 (the start date has not been finalized yet).

Sponsored

We reported earlier this month that Ropes would be deferring the current class of summers until 2011, but there’s good news about that. These 2010 graduates will get hooked up with a $60,000 deferral stipend next year if they pursue public interest work through the firm’s fellowship program. The spokesperson says:

Ropes & Gray Class of 2010 members participating in our public interest fellowship program will receive a $60,000 annual stipend plus medical, dental and vision coverage at the firm’s expense. Additionally, the firm will reimburse bar admission or registration fees. Program participants may also request a loan of up to $20,000, which does not have to be repaid until after the participant joins the firm.

Congratulations, Ropes summer associates. Skies are looking less gray for you.

Earlier: Ropes & Gray: Defers Current Summers to 2011

Sponsored

Topics

, ,