Deferral Stipend
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Deferral Stipend, Start Dates
Baker & McKenzie: For Some, Deferral Extensions Could Lead to Offer Revocation
Way back in June, Above the Law heard rumblings about issues regarding the incoming first-year class at Baker & McKenzie. The class had already been deferred until January 2010, but in June some tipsters reported that Baker was “rescinding” offers. Others claimed that the firm was simply “strongly encouraging” incoming associates to consider alternatives. Still, […] -
Deferral Stipend, Money, Start Dates, Trendspotting
Bryan Cave Offers Incoming Associates 'Go Away' Money
My friends, we have a trend. Bryan Cave has become the third firm we know of to offer its incoming associates money to simply go away instead of starting at the firm. Tipsters report that the firm is offering some associates $70,000 to “walk away” instead of showing up for work. That’s the carrot. This […] - Sponsored
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Deferral Stipend, Job Searches, Start Dates
Proskauer Rose and Mintz Levin Kick Off 'Deferment Extension' Season
Do you remember the class of 2009? You know, the kids who should be gearing up to start work in a couple of weeks but are instead sitting around, waiting to get out of purgatory? Don’t look now, but a couple of firms have decided to extend the deferral period for these people, and that […]
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Deferral Stipend, Summer Associates
Good News for Ropes & Gray's Future Associates
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 […] -
Deferral Stipend, Start Dates
Quinn Defers Half of the Incoming First Years in S.F. & Silicon Valley
If you are an incoming first year at Quinn Emanuel’s San Francisco or Silicon Valley office, you are probably on the final stretch of your CA bar exam preparations. If so, please stop reading this post right now. We don’t want to put any extra pressure on you guys. For everybody else, you might be […] -
Deferral Stipend, Start Dates, Summer Associates
Weil Gotshal Defers Current Summer Associates to 2011 or 2012
Big news from Weil Gotshal today. The firm previously deferred its incoming associates to January 2010, with the option of deferring until January 2011 (with a $75,000 stipend). In recognition of the fact that it will have some of the class of 2009 starting in January 2011, the firm is offering current summers — i.e., […] -
Deferral Stipend, Start Dates, Summer Associates
Ropes & Gray: Defers Current Summers to 2011
If the class of 2009 is like the main cast on Lost, then the class of 2010 is starting to look like the Tailies. Ropes & Gray has decided to defer its current summer class until “Sometime, 2011.” Here is the firm-wide memo that all Ropes & Gray associates received last week: As we recently […] -
Deferral Stipend, Start Dates
Pillsbury Incoming Associates Still Waiting to Hear When They Can Start
Back in May, we reported that Pillsbury Winthrop wanted some of its incoming first year associates to defer until January 2010, some to defer until 2011, and others to take $60,000 to go away entirely. The firm couched all of these options as “voluntary.” But notwithstanding the firm’s choice of language, we reported that Pillsbury […] - Sponsored
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Deferral Stipend, Start Dates
Deferred Associates Cause Ethical Dilemma and the Booting of Clerks in Massachusetts
Last week, the Massachusetts Trial Court got approval for a unique solution to address its budget shortfall, reported Massachusetts Lawyers Weekly: The Supreme Judicial Court’s Committee on Judicial Ethics has approved a proposal by Chief Justice for Administration and Management Robert A. Mulligan that would allow deferred law-firm associates to work for the Trial Court […] -
Biglaw, Deferral Stipend, Start Dates
Profitable Law Firms Don't Do Deferrals ... For the Most Part
This isn’t going to come as a galloping shock to most people, but it turns out that the firms that are making the most profit aren’t feeling the need to defer their incoming first year associates. Am Law Daily reports: The only top ten firm that is making deferrals mandatory this year is Schulte, Roth […] -
Deferral Stipend, Start Dates, Summer Associates
Cravath Offers Voluntary Deferral to Class of 2009 -- and Delays Class of 2010 a Full Year
The venerable firm of Cravath, Swaine & Moore has entered the building, and it’s asking up to half of its incoming first-years to take a year off. Cravath is offering a voluntary deferral option to its incoming associates, according to multiple Above the Law sources (as well as Bloomberg News). If the incoming associates are […] -
Admin, Announcements, Deferral Stipend, Job Searches, Pro Bono, Public Interest
Paging Deferred Associates -- and the Organizations Who Love Them
We’ve received countless requests for shout-outs from worthy non-profit organizations that are seeking deferred associates and/or associates on leave from their law firms (pursuant to such programs as Skadden’s Sidebar program, Dewey’s DL Pursuits, etc.). Alas, due to the sheer number of these requests, we can’t mention them all on the main ATL homepage (which […] -
Deferral Stipend, Layoffs, Start Dates
Fish & Richardson Puts One-Third Of Its Incoming Associates On Ice
Last week, Fish & Richardson laid off 120 people. It was the second round of layoffs from the firm this year. But that wasn’t the end of Fish’s cost cutting measures. Yesterday, the firm effectively “cold offered” one-third of its incoming first year associate class. Another third of the class will start on time, and […]
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Deferral Stipend, Start Dates
Pillsbury: Let's Try This Whole 'Voluntary Departure' Thing One More Time
Back in February — after the Acela fiasco, before the layoffs — Pillsbury offered a voluntary departure program to its associates. The program didn’t really work, and the firm ended up laying off 55 associates (155 employees in all), in March. Undaunted, Pillsbury is offering another “voluntary” program, this time directed at its incoming first […] -
Deferral Stipend, Start Dates
News For Incoming Associates at Kirkland and Sidley Austin(And a New Start Date Round-up)
Incoming associates at Kirkland & Ellis got good news today. They get to start in 2009! November, to be exact. We’ve added the firm to our start date round-up, after the jump. New associates heading to Sidley Austin, on the other hand, got “optional deferral” news. The firm e-mailed incoming associates yesterday announcing the “Pro […] -
Deferral Stipend, Dewey & LeBoeuf
Dewey & LeBoeuf: Latest Firm to Offer a Year-Long Deferral to All Associates
Associates at Dewey & LeBoeuf just left a firm wide meeting. Sources report that firm management was very frank with associates about the firm’s financial numbers and future health of the firm. But the headline news is that Dewey & LeBoeuf has decided to join Skadden (and Shearman & Sterling) in offering a year-long deferral […] -
Deferral Stipend
Shearman & Sterling Offers Voluntary Year-Long Deferral to All Associates
Shearman & Sterling has decided to mimic the Skadden Sidebar program and offer all of its associates the option to defer for a year. The program is essentially the same set of options that Shearman offered its incoming first year associates a month and a half ago. The money from Shearman’s “External Development Program” is […] -
Deferral Stipend, Start Dates
Nationwide Start Date Watch: MoFo Comes Up With an Interesting Package
At the beginning of April, incoming first years started worrying about the fact that Morrison & Foerster hadn’t announced start dates. At the time, the firm said that they would let people know by May 11th. We counseled: Just because the firm is waiting until May, it doesn’t mean you have to. Try to secure […] -
Deferral Stipend, Start Dates, Stroock & Stroock & Lavan
Stroock Offers $75,000 in Stay Away Money
These incoming associate deferrals are getting out of control. Stroock is the latest firm to come up with an innovative plan to deal with its new class of first years. Above the Law has been able to confirm that Stroock is offering incoming first years a payment of $75,000 to leave the firm by July […] -
Associate Bonus Watch 2009, Deferral Stipend, Start Dates
New Management at Mayer Brown Delays Start Dates, Changes Bonus Threshold
We’ve already reported that Mayer Brown pushed back its start date for incoming first year associates to January 19, 2010. But today, we’ve learned that Mayer Brown is also giving people the option of deferring for an entire year. A Mayer Brown spokesperson confirmed that the voluntary deferral will include a stipend of $5,000 per […]