Deferral Stipend

More firms are pushing back the start dates of incoming first year associates. This weekend, we learned that Winston & Strawn has pushed back start dates to January 19th, 2010. Deferred associates will receive an additional $15,000 on top of their $10,000 bar stipend. The firm is also picking up health care for its incoming […]

Shearman & Sterling is the latest firm to ask incoming first years to voluntarily delay their start dates. According to a firm wide memo that went out today, the firm is offering $65,000 (plus the standard bar stipend) for incoming associates who are willing to start in September of 2010. But there’s an interesting wrinkle. […]

At some point, we are going to have to do something about law school tuition that is painfully out of whack with the reality of the post-graduate legal market. But with falling state budgets and a record number of new applicants, let’s assume that law schools will sooner offer advanced classes in hotel management before […]

There’s been a little confusion concerning precisely what Arent Fox is doing with its incoming associates. We told you earlier that the firm had pushed back start dates (some to November, others to February), but new information has come to light. According to a spokesperson for Arent Fox. five 3Ls will be starting with the […]

If you’re a 3L or a clerk with a Biglaw job offer, congratulations. If you were hoping for a traditional start date in the fall, you may be a little disappointed though. Many a firm has pushed its start date for incoming associates into 2010. Yesterday, Milbank Tweed informed associates that it’s pushing back start […]

Let’s close the day where we started, with EAPD. We reported this morning that the firm laid off 60 people. Over the course of the day, the firm made additional plans to cut back on its 2009 costs. The firm will be delaying the start dates for its incoming first year associates. The new date […]

Almost a month ago, Latham & Watkins set the market in terms of incoming first year deferral programs Latham offered $75K to associates who saw their start dates with the firm pushed back for a year. Many firms have followed, but none have topped. Today, Weil, Gotshal & Manges is taking a run at Latham’s […]

As we mentioned earlier today, there is significant variation among firms offering some sort of deferral stipend or public interest externship. Should the money from the firm be contingent upon finding employment in a public interest organization? Should it be paid out monthly or up front? And of course, how much money is on the […]

Yes, we live in a world where any firm wide meeting has to be greeted with a sense of “oh, crap.” But that doesn’t mean we can’t still hold out hope that one of these meetings will end up being completely benign. We just received word that Troutman Sanders has scheduled an all staff meeting […]