Deferral Stipend
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Biglaw, Deferral Stipend, Start Dates
Firms That Are Still Deferring People Into 2012
Biglaw hiring is picking up, but deferrals are not yet a thing of the past. Proskauer is deferring some of its new blood from 2010 to 2012 (don't worry, you're still on stipend), but letting the class of 2011 start on schedule. Foley & Lardner, on the other hand, is pushing its class of 2011 back to 2012 without a stipend -- harsh. -
Biglaw, Deferral Stipend, Dissolution, Heller Ehrman
Deferral Stipend Judgment Is a Moral Victory for Two Former Heller Ehrman Associates
Way back in 2008, back when people were wondering just how bad the recession was going to be for Biglaw, Heller Ehrman collapsed. When the firm dissolved, there was a lot of fear that it would be the first of many to fold. While a few other firms also dissolved during the recession, we didn’t […] - Sponsored
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Deferral Stipend, Student Loans
Georgetown Extends Post-Graduate Stipends: But Is It On the Backs of Part-Time Students?
A couple of weeks ago, we reported on the public interest stipend Georgetown Law offered its recent graduates. Georgetown University Law Center gave a three month stipend of $4,000 to its recent graduates who are working for a public interest organization. Today, we have news that GULC is extending the fellowship for an additional three […]
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Deferral Stipend, Tax Law
Taxes Eat Away at Georgetown's Public Interest Stipend for Some Students
We’ve done a lot of coverage about deferral stipends, public interest stipends, and other direct payments to graduates who are not able to secure prime, private practice employment. If you think about it, these programs have popped up with shocking speed. In 2007, there was no such thing as a “deferral stipend” from firms, and […] -
Biglaw, Deferral Stipend, Pro Bono, Public Interest
Should Biglaw Deferral Programs Become Permanent?
With apologies to Langston Hughes, we have to ask: What happens to an associate deferred? Does he dry up, like a raisin in the sun? Or fester like a sore — and then run? Run, run — away from Biglaw. That seems to be what at least some deferred associates are doing, as reported last […] -
Deferral Stipend, Gender, Minority Issues, Start Dates, Summer Associates, Women's Issues
Let's Do This: Deferred (Then Rescinded) Would-Be Associate Sues Firm
This was bound to happen at some point. There have been countless associates who were promised jobs at law firms. They stopped looking for other jobs in reliance on that job offer. Then during the recession they were deferred, or their offers were rescinded. They are the leading citizens of the Lost Generation. Do they […] -
Deferral Stipend, Start Dates
DLA Piper Defers Half the Class of 2010 to 2012
DLA Piper recently rejoined the ranks of Biglaw firms paying a $160,000 starting salary. Welcome back to the pack. Unfortunately, some incoming associates hoping to start at DLA will have to wait quite a bit before they are able to cash in on that $160K dream. A tipster reports: DLA Piper just told their incoming […] -
Deferral Stipend, Dewey & LeBoeuf, Music, Rap
A 'Genius' Use of Deferral Time
A little over a year ago, law firms came up with a unique plan to deal with the problem of too many associates and not enough work to go around: the deferral. It did not apply just to incoming associates; it was also offered up to those already at the firm who were open to […] - Sponsored
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In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Deferral Stipend, Start Dates
Shearman & Sterling Belatedly Sets Start Dates for Deferred Class of 2009
Shearman & Sterling is setting off some fireworks at the start of this Fourth of July weekend. It sent out a memo this morning to its deferred associates from 2009. (Remember them? They got $65,000 last year if they volunteered to go away until September 2010.) The deferred associates expected a letter two months ago […] -
Deferral Stipend, Start Dates
Incoming Bryan Cave Associates: Welcome to 2012.
Do you remember the scene in the Amityville Horror House movie where the toilet says to the family, “Get out”? That seems to be what firms are telling incoming associates when they defer first-years until 2012. Today, we’ve got another firm that has decided to put some of its incoming associates on the long march […] -
Deferral Stipend, Dewey & LeBoeuf, Start Dates
Dewey & LeBoeuf Has a Backlog of Associates Returning from the Deferral Year
If your firm offered you a “voluntary” deferral option last year, they sure made a lot of promises. Chiefest among them was the understanding that the people who left voluntarily for a year would be able to come back to the firm and resume their Biglaw careers after the deferral. Well, that bond is about […] -
Deferral Stipend, Start Dates
Mintz Levin 2012 Deferral Follow Up
When it comes to deferring incoming associates, what is the new normal? A couple of months ago, we reported that Mintz Levin was deferring its class of 2010 associates to 2012. At the time, Mintz Levin didn’t reveal any information about its deferral stipend. Today, tipsters are telling us about the Mintz Levin stipend. Let’s […] -
Biglaw, Deferral Stipend, Pro Bono
How Many Firms Will Continue To Pay For A Pro Bono Year?
The “pro bono year” is to Biglaw what a “study abroad program” is to most American universities: a time for reflection, exposure to new things, and a more relaxed pace. It was a necessity born of the recession. Firms did not have enough work to go around; they didn’t want to lose perfectly good employees, […]
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Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
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Blank Rome, Deferral Stipend, Start Dates, Summer Associates
Blank Rome: Indefinite Deferral Isn't A Subtle Signal
We’ve received tips, texts, and phone calls about Blank Rome. As spring hurtles towards summer, the firm is letting incoming associates know that they won’t be starting any time soon. A tipster reports the firm is “rescinding” offers, but that’s not technically correct: I just heard from a friend that Blank Rome has rescinded offers […] -
Deferral Stipend, Start Dates
Mr. Chuck Vindicated: Mayer Brown Notifies Incoming Associates of Their Fates
Congratulations to Mr. Chuck and his co-conspirators. It appears that their efforts to exert grassroots pressure on Mayer Brown, with the goal of getting the firm to inform them of the terms of their offers, have borne fruit. As first mentioned in the comments on our post from yesterday regarding Winston & Strawn, incoming associates […] -
Deferral Stipend, Layoffs, Start Dates
What's Up with Winston? An Update
Last week, we took a peek inside the black box of compensation at Winston & Strawn. We also discussed stealth layoffs at the firm. We felt our report was fairly hard-hitting. But one Winston source thinks we didn’t go far enough: In my humble opinion, you weren’t sufficiently critical of Winston. The real message here […] -
Deferral Stipend, Pro Bono, Public Interest
Sidebar-Plus Associates Heading Back to Skadden
Over a year ago, Skadden announced its Sidebar Plus program. Skadden gave associates the option to take a one-year deferral, for one-third of their Skadden salary. All indications suggest that the program was a huge success. Skadden received so many volunteers that it had to turn some people away. Skadden associates received varied and interesting […] -
Deferral Stipend, Start Dates, Willkie Farr
Willkie Farr: Defers Incoming Associates to 2011, 3Ls Pissed by Late Notice
At the end of the summer, Willkie Farr & Gallagher told offerees that they would be able to start at the firm on time, in the fall of 2010. It turns out that Willkie’s promise wasn’t something intelligent law students should have relied on. Here’s the email that went out to the summer class, yesterday: […] -
Deferral Stipend, Job Searches
In Chicago, Deferred Lawyers a Big Hit with Public Interest Organizations
Last month, we learned that deferred lawyers got along pretty well with their temporary public interest colleagues in New York. Yesterday, the Chicago Tribune reported that public interest organizations were more than happy to have temporary talent who had their Biglaw dreams deferred for a year: The opposite ends of Chicago’s legal profession found a […] -
Deferral Stipend, Job Searches, Start Dates
Correction: Culture Gap Between Deferred and Public Interest Attorneys Not as Wide as We Were Led to Believe
A week and a half ago we ran a story about the culture gap between deferred associates working in public interest jobs and their full-time public interest colleagues. The news came from the City Bar of New York, which did a study of the satisfaction levels of deferred associates. But it turns out the City […]