Yes, that’s right. In its New York office, Ropes & Gray has upped its clerkship bonus to $50,000 (and $35,000 in its other offices). If you have two years of clerkship experience, you’ll get $70,000 — no matter what office you’re in.
From the firm website:
Our annual salary for first-year associates, in all of our offices, is $160,000. Associates joining Ropes & Gray from one or two years of clerking are treated as members of their law school class for compensation purposes. Associates joining our New York office receive a bonus of $50,000 if they clerked for one year and $70,000 for two years of clerking; associates joining our other offices receive a bonus of $35,000 if they clerked for one year and $70,000 for two years of clerking.
We haven’t heard much clerkship bonus news lately. If you know of a move that we haven’t previously reported on, please email us. Thanks. Compensation & Benefits [Ropes & Gray]
Although there continues to be activity on the associate pay raise front, things seem to have quieted down in terms of clerkship bonuses. The most recent announcement was that of Patterson Belknap — from Monday morning.
Are there no new announcements out there? Or are we just not hearing about them?
If you have any information to share, please email us (subject line: “Clerkship Bonus”). And feel free to discuss further in the comments. As always, thanks in advance for your tips.
I have an offer from Patterson Belknap and I just received an email informing me that their bonus is 50K.
Keep up the good work.
To people with two clerkships or two years of clerking experience: no, we don’t know whether Patterson’s $50,000 clerkship bonus is “flat,” or whether they pay more for more than one clerkship year. If you have an offer from Patterson and are in this boat, please contact the firm and find out what their policy is. And then tell your friends here at ATL. Thanks!
[Ed. note: We now turn the floor over to the fabulous Laurie Lin, of Legal Eagle Wedding Watch, for a guest post on the D.C. Circuit clerk book proposal controversy. This post was originally scheduled for publication yesterday afternoon, when Laurie was holding down the fort while we were offline and in transit. Sadly, technical problems -- yeah, we know, we're working on it -- prevented timely publication.]
We know the DC Circuit’s caseload is notoriously light, but we had no idea the clerks were jonesing so hard for something to do! Two current clerks in Judge A. Raymond Randolph’s chambers recently circulated a book proposal on habeas corpus and the war on terror, a topic about which they claimed to have some expertise — as a result of the high-profile cases to which they currently have access in Randolph’s chambers! Read on for more about this ethical morass:
The problems arose when their proposal, which was emailed to constitutional scholars across the country, surfaced on a blog. University of Miami professor Steve Vladeck raised questions about how this affected their work as clerks for a Judge A. Raymond Randolph. Randolph, of course, not only authored the most recent decision about the Guantanamo detainees, Boumediene v. Bush, but was also the scribe for two cases already overturned by the Supreme Court, Rasul v. Bush and Hamdan v. Rumsfeld.
It was a connection the two clerks flaunted, noting that they brought a “unique perspective” to edit submissions because “they have spent a year in the legal trenches” as clerks on the D.C. Circuit “during a year that saw several landmark detention decisions likely to end up before the Supreme Court.”
But the two men forgot one key thing: to tell (or, rather, to ask permission from) their judge.
More on this controversy, including Judge Randolph’s official reaction to his clerks’ jaw-droppingly poor judgment, after the jump:
Some of you have asked us for a new thread to discuss clerkship bonuses. Your wish is granted.*
We’ll kick off this clerkship bonus discussion with some good news. It concerns Sullivan & Cromwell, which first got the ball rolling on clerkship bonuses, by raising to $50K in the wake of the Brokeback Lawfirm scandal.
(Law clerks, you owe Aaron Charney a debt of gratitude. If he sets up an Aaron Charney Legal Defense Fund, you should contribute generously.)
Anyway, here’s the news:
I just got a call from the recruiting coordinator at S&C confirming they are now paying 70K for those with two years of clerkship experience.
Please keep up the excellent work on this front, I desperately want Cleary to match!
A partial summary of where things currently stand in the clerkship bonus market, after the jump.
* We receive many requests to cover X or Y when salary matters are in full swing. We try to accommodate the ones that we can, but obviously there are many that we can’t. Sorry, we are not going to start a “List of Shame” for ERISA boutiques in Topeka that don’t pay $80,000.
We have to step away from our computer for a bit. So here’s an open thread for discussion of either (1) more West Coast pay raises or (2) more increases in clerkship bonuses.
Also, the rumor from the comments that Paul Hastings has raised is confirmed. The verified memo appears after the jump.
If you’re a current clerk with an offer from Debevoise & Plimpton, good news. The firm has bumped up its clerkship bonus to $50,000 — which is fast becoming the new Biglaw standard.
There’s a small catch that may affect a few of you. Unlike some other firms, like Weil Gotshal and Cravath, the Debevoise bonus appears to be “flat.” It does not increase for multiple clerkships or years of clerking.
In case you’re curious, the Debevoise email appears after the jump.
We have received confirmation, from multiple sources, of a rumor that previously arose in the comments: Davis Polk & Wardwell has raised its clerkship bonus to $50,000. It joins the distinguished company of Sullivan & Cromwell, Simpson Thacher, Paul Weiss, Weil Gotshal, Cravath, Cleary Gottlieb, and Skadden Arps.
Also, contrary to this joke, Davis’s enhanced clerkship bonus will be paid to current clerks who have already accepted their DPW offers (i.e., it’s not just to entice clerks with pending but unaccepted offers from the firm).
There’s no email to reprint. Notification was made through telephone calls from recruiting.
Congratulations, DPW clerks!
“Skadden has raised its clerkship bonuses: $50,000 for one clerkship, $70,000 for two years. Applicable to all offices.”
We have not received official confirmation from the firm. But we have now received, via email, confirmation of this news from multiple sources. So we believe it’s safe to treat it as confirmed.
We have not received individual confirmations for ALL Skadden offices. But we have received them with respect to New York, Chicago, and Wilmington. We’d be surprised to hear, then, that this is not an across-the-board policy.
Now the latest rumors concern Davis Polk. If you can confirm, please email us (subject: “Clerkship Bonus”). Thanks. Earlier: Clerkship Bonus Watch: Has Skadden Joined the $50K Club?
In case any of you were wondering, last Friday’s news about Weil Gotshal clerkship bonuses has been officially confirmed. Here’s a statement from a firm spokesperson:
“Weil will pay $50K for a one-year state or Federal clerkship and $70K (i.e., the current amount) for a two-year clerkship.”
So there you have it, from the horse’s mouth. And there’s the answer to this commenter’s question: “Is that flat, or does Weil still double for two years?”
Okay, so Weil won’t give you $100K for two years of clerking experience. But $70,000 is still, as far as we know, the top of the market for two clerkships or years of clerking. Three cheers for Weil — and Cravath, which also pays $70,000 for two clerkships.
Does anyone know what S&C, Simpson, Paul Weiss, and Cleary Gottlieb — the other members of the $50K Club — pay for multiple clerkships or years of clerking? If so, please email us. Thanks.
Ms. JD is hosting their 2nd annual cocktail benefit to raise money for the Global Education Fund. The event will be held on August 21, 2014 at 111 Minna in San Francisco. Our goal is to raise $20,000 to fund the legal educations of four dedicated law students in Uganda who count on our support to continue their studies at Makerere University during the 2014-15 academic year.
The Global Education Fund enable womens in developing countries to pursue legal educations who otherwise would not have access to further education. According to the World Bank, investment in education for girls has one of the highest rates of return to promote development. In Uganda, more than 45% of women over the age of 25 have no schooling at all, and men are more than twice as likely as women to have access to higher education. Together, we can work to end educational inequality. For more information about the program, please visit http://ms-jd.org/programs/global-education-fund/
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.