Biglaw Perk Watch: Working Abroad
Our posts on the perks or fringe benefits of law firm life continue to generate interest and good comments. Here is today's topic:
Why don't you guys do an open thread on working abroad? I know of several firms that send their associates for some period of time to work [overseas].For example, Allen & Overy has a program in which they send their senior associates to London to work for something around six months. A friend of mind who worked for Shearman went to Asia, and some others from Baker McKenzie have been sent to other offices around the world.
One advantage of working abroad: a generous cost-of-living allowance. Last month, Cravath raised its London COLA:
Cravath Swaine & Moore has raised the cost of its living allowance (Cola) for London office associates from $85,000 (£41,000) to $110,000 (£53,000), The Lawyer can reveal. The 30 per cent hike at the elite firm takes remuneration for the most junior lawyers in Cravath's City office to potentially in excess of £150,000.
At current exchange rates, that works out to a starting salary of $300,000. Not bad. And a Cravath source tells us that the firm is eager for people to head over there: "[T]hey are super busy and trying to get more people to go and stay longer.... [T]hree hundred grand is a lot of dough, no matter how expensive London is!"
Your thoughts on overseas Biglaw gigs are welcome, in the comments.
Cravath hikes London cost of living allowance [TheLawyer.com]
Earlier: Biglaw Pay Raise Watch: Weil and Cleary to 180, Latham to 190!

We're pressing on with our series of open threads on Vault 100 law firms. We know that some of you are eager to discuss firms ranked in the 70's, and we don't want to disappoint you.
Remember that
The only noteworthy moves today come from Texas. Oh well, at least yesterday was