Cravath Defers 2010 Associate Class to 2011; Offers Sweet Deferal Option to 2009ers

Cravath, which in March deferred its 150-member incoming associate class to October or November 2009 or January 2010, has some more deferring to do.

First: the 2009 class is being offered a voluntary deferral option. Anyone willing to defer to Fall 2010 will get an $80,000 stipend, health care, $1,000 a month in student loan repayment, and a guaranteed job when the deferral is over.

The offer requires no public interest fellowship, and there are no strings attached.

Second: the 120 members of the 2010 incoming associate class will be deferred to Fall 2011. It’s mandatory, but includes a $65,000 stipend plus the health care and the student loan repayment.

Cravath, Swaine & Moore LLP is based in New York City, with an additional office in London. The second oldest firm in the US, Cravath was founded in 1819.

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Posted by Erik Even on June 12, 2009. Filed under Home,Law Firm News,Law School News,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry