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Home » Posts tagged with » associate class

Secret Bonuses

Secret Bonuses

Over the last two days word has been trickling in about the bonuses at Sidley Austin and today we starting to get some reports from Gibson Dunn as well. Apparently…

Citigroup Cancels Its 2010 ‘CitiSelect’ Summer Program

Citigroup Cancels Its 2010 ‘CitiSelect’ Summer Program

Citigroup, whose “CitiSelect” initiative operates much like a typical Biglaw summer associates program, has canceled the program for 2010, and will not be holding on-campus interviews. The program prepares 2Ls…

McKenna Long Cuts Incoming Associate Salaries

McKenna Long Cuts Incoming Associate Salaries

McKenna Long & Aldridge is cutting starting salaries for entering first-year associates by $20,000. In 2007, McKenna moved to a merit-based promotion system. An associate’s compensation & billing rates are…

Shoosmiths Asks New Hires to Defer or Withdraw; No Compensation

Shoosmiths Asks New Hires to Defer or Withdraw; No Compensation

British law firm Shoosmiths has asked its 2009 trainees to withdraw from their contract, or defer until 2011, without any offer of financial compensation. The firm wants volunteers to defer…

Shearman & Sterling Defers Start Dates

New York’s Shearman & Sterling will defer its 2009 associate class. From the memo: In light of current economic conditions and the reduced activity in some of our practices, the…