100 dollar bill Abovethelaw Above the Law law firm salary legal blog legal tabloid Above the Law.JPGA week has passed since our last bit of clerkship bonus news.
Have you heard anything on this subject that we haven’t previously reported? If so, please note it in the comments, or email us (subject line: “Clerkship Bonus Watch”).
Bonus question: With respect to the Dewey Ballantine / LeBoeuf Lamb merger, whose clerkship bonus policy will the new entity adopt? Dewey pays a flat $50,000 clerkship bonus, while LeBoeuf pays a $50K bonus for one clerkship and a $70K bonus for two years of clerkship experience.

Latham Watkins LLP Above the Law blog.JPGTo all of you who have been complaining about the clerkship bonus policy of Latham & Watkins, the firm has heard your pleas. And it has taken action. But if you’re starting at the firm in 2007, you might not reap the benefits of your whining advocacy.
An LW offeree passed along this information to us:

Beginning in 2008, L & W will award on year of partnership progression credit plus $50,000 to clerks at federal court, the highest court in any state and the District of Columbia, and Delaware Chancery Courts. The firm will pay $70,000 to attorneys who clerk for more than one year in eligible clerkships.

We contacted a firm spokesman for confirmation. His comments appear after the jump.
Update: Also after the jump, for those of you who are curious: Latham & Watkins’s Policies, Benefits & Compensation for US-Based Associates.

double red triangle arrows Continue reading “Clerkship Bonus Watch: Latham Joins the $50K/$70K Club (For Real)”

Sidley Austin Brown Wood LLP logo Abovethelaw Above the Law legal blog.JPGSome good news, from a very happy tipster:

Sidley has just announced that they have raised clerkship bonuses to $50k! YES!

We’ve confirmed this raise with sources at the firm. So you can treat it as confirmed.
Update (2:55 PM): In response to some follow-up questions from us, the firm’s D.C. hiring partner, Joseph Guerra, explained:

“It applies to all domestic offices, and the bonus is the same for a one-year clerkship, a two-year clerkship or two one-year clerkships (provided one of the two isn’t a Supreme Court clerkship).”

Happy Friday!

Troutman Sanders LLP Abovethelaw Above the Law blog.jpgThe dominoes are falling in Atlanta. Last night, Troutman Sanders made its associate pay raise announcement.
From the Fulton County Daily Report:

Troutman Sanders raised associate pay $15,000 across the board in its Atlanta, Washington, Virginia and North Carolina offices Thursday, with the starting salary going from $130,000 to $145,000.

The firm’s managing partner, Robert W. Webb Jr., announced the pay increase to associates at 5 p.m. Thursday.

The raises are effective Jan. 1, 2008, the same date the pay raise that Alston & Bird announced to its Atlanta associates last week goes into effect. Earlier this week, King & Spalding matched Alston’s $15,000 increase in starting pay, also effective Jan. 1, but did not raise pay for more senior associates.

Correction: According to a source at the firm, as well as various commenters, “Troutman’s DC and Tysons Corner offices have starting salaries of $160K as a result of the increase. (Troutman’s Atlanta office is starting at $145K).”
What’s most noteworthy about this raise, as pointed out to us by several tipsters, is that it’s “across the board” — not just for first- or second-year associates. In Atlanta, where salary compression for more senior associates is a serious issue, an across-the-board raise of $15,000 is good news indeed. It’s better than what has been announced thus far by Alston & Bird and King & Spalding.
More discussion, after the jump.

double red triangle arrows Continue reading “Nationwide Pay Raise Watch: Troutman Sanders”

Quinn Emanuel Urquhart Oliver Hedges clerkship bonus Abovethelaw Above the Law blog.jpgClerkship bonus announcements continue to roll in. Here’s the latest:

Quinn Emanuel’s website confirms that they have finally increased their clerkship bonus to $50,000.

My understanding is that other prestigious California litigation shops, like Keker and Munger, are still stuck at $35,000. You would make my day if you called them to confirm this (and thereby applied a little pressure).

Sorry, tipster. As we previously mentioned, we no longer conduct affirmative outreach to law firms about their clerkship bonuses, after receiving abuse rather than gratitude for past efforts on that front.
(But we might reconsider if, say, enough people made (tax-deductible) charitable donations to support us in the New York marathon this year. We need to raise $1,250 by early next month. Contributions — did we mention they’re tax-deductible? — can be made through our fundraising page.)

Chambermaid 2 Saira Rao Abovethelaw Above the Law blog.jpg(And if you’re REALLY good, we’ll reward you with more Nina Totenberg stories. Ask and you shall receive!)
Another day, another blog post about Chambermaid, the controversial clerkship novel by lawyer-turned-writer Saira Rao. The latest post is by Professor Scott Burris, who clerked for Third Circuit Judge Dolores K. Sloviter — Rao’s former boss, widely rumored to be the basis for the central villain of Chambermaid, the tyrannical Judge Helga Friedman.
But Burris — unlike, say, fellow law prof and ex-Sloviter clerk Mike Rappaport — takes issue with the scuttlebutt equating Sloviter and Friedman:

What I really object to in the whole affair is the way Rao and some of her blogging readers have negotiated the delicate question of Judge Friedman’s correspondence with Judge Sloviter, and the rationale offered in several quarters for “outing” mean judicial bosses….

Aside from a couple of tics, Helga Friendman is not a portrait, nor even a recognizable caricature, of Dolores Sloviter. Hell, I didn’t even recognize Rao’s Center City Philadelphia.

Additional discussion — if this issue doesn’t interest you, just stop reading here — appears after the jump.

double red triangle arrows Continue reading “Chambermaid: ‘Cause We Know You Want Another Post About This”

Kramer Levin Naftalis Frankel LLP logo Abovethelaw Above the Law blog.jpgFirms continue to raise their clerkship bonuses, although the pace of announcements seems to be slowing.
Here’s the latest addition to the $50K/$70K Club:

“Kramer Levin increased its clerkship bonus to $50,000 for one year and $70,000 for two years. The info is on their NALP page.”

Indeed it is. You can access the firm’s form by running a search on this page.
And if you’re looking for a continually updated compilation of clerkship bonus information, we refer you to this list, over at the Law Clerk Addict blog. Very helpful!
P.S. Random factoid about Kramer Levin: it’s the former Biglaw home of the WSJ Law Blog’s Peter Lattman, who practiced litigation there for two years in the 1990s.
Vault 100 clerkship salary bonus chart [Law Clerk Addict Blog]

plantains bananas fried plantains Abovethelaw Above the Law blog.jpg* Do you believe in life after law? Five Biglaw escapees — a writer, a baker, a stand-up joke-maker — discuss life on the outside. [New York Observer] [FN1]
* Some helpful clerkship application advice. [Infirmation] [FN2]
* Monica Goodling, to the Lido Deck! [What About Clients?]
* Fun fact of the day: Did you know that Peter Lattman likes fried plantains? [WSJ Law Blog]
[FN1] Yes, this is a shameless plug for the easy-to-miss sidebar to our New York Observer piece from last month.
[FN2] We’re not sure we concur with the view that “[a] generic cover letter is a tragically wasted opportunity.” Having seen some laughably bad “creative” cover letters over the years, we usually recommend a “do no harm” approach. If your application is strong, res ipsa loquitur.

Dewey Ballantine LLP Abovethelaw Above the Law blog.jpgPlease welcome a new member to the $50K Club:

Dewey Ballantine just raised its clerkship bonus. $50K for a federal clerkship or the highest court of any state.”

If you’re aware of any judicial clerkship bonus news that hasn’t previously appeared here, please email us (subject line: “Clerkship Bonus”).
In addition, if you’re planning to apply for a clerkship next month, we reiterate our earlier plug for the Clerkship Notification Blog.

law clerk judicial clerkship Abovethelaw Above the Law blog.jpgIn addition to fall recruiting season for law firms, clerkship application season is almost upon us. The “season” officially starts in September, when current law students are allowed to submit their applications for federal judicial clerkships.
But, as reported by the WSJ Law Blog, a fair number of judges are cheating moving faster than the official timetable. In addition, the timing rules don’t apply to law school graduates. So judges are free to interview, for example, recent law school grads now at law firms.
If you’re in the hunt for a judicial clerkship, whether state or federal, here’s a great website that you should be aware of. From a tipster:

The new Clerkship Notification Blog is finally up and running. Please advertise this amazing resource to your readers and encourage them to quickly begin posting there. Some judges have already started interviewing grads…

Please take a look — and contribute to the pool of information, by commenting early and often.
To all clerkship applicants: Good luck!
The Clerkship Notification Blog (2007-08 Season) [official website]
Judges Behaving Badly: The Clerkship Edition [WSJ Law Blog]

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