JD Journal » deferral stipend

McDermott Will & Emery Issue More Deferrals

joshua — Wed, 09 Dec 2009 01:28:12 +0000

McDermott Will & Emery associates were supposed to start work in January, but many are now being deferred again. Details are still sketchy, and it appears that no firm dates have been given yet. Associates will be brought in when their respective practice groups need them. In the meantime, they will draw a $5000 per month stipend.

Is it just me, or is it a bit harsh to issue these deferrals so late in the game? Presumably the affected associates, should they have been lucky enough to secure gainful employment while waiting to start work, have already informed their employers that they would be leaving in January. It’s certainly not inconceivable that many of them made holiday plans based on the presumption that they would be drawing a much larger salary come January.

This must be how it feels to wake up Christmas morning and find a lump of coal in your stocking.

Voluntary Deferral Extension at Mayer Brown

joshua — Mon, 07 Dec 2009 15:43:31 +0000

The incoming class of associates at Mayer Brown is scheduled to begin work in January after being deferred back in April. Later that same month the firm offered voluntary extension to October of 2010 with a $5000 per month stipend plus benefits, along with assistance securing public service experience in the meantime. Now we’ve learned that the firm is once again asking 18 of its 119 incoming associates to push back their start date until October, although it’s still being called a voluntary deferral. It’s unclear how voluntary the deferment actually is. If you have any specific information on the options available to those being asked to hold off starting work, please send us an anonymous tip here.

Mayer Brown is one of the largest global law firms both by number of lawyers and revenue. The firm has over 1,800 lawyers in key business centers across the Americas, Asia and Europe.

New Round of Deferrals at Sidley Austin

joshua — Tue, 03 Nov 2009 06:40:47 +0000

Sidley Austin has announced its plans for the class of 2010. Some of the associates will be starting in January of 2011, with the remainder being deferred until January 2012. Yes, that’s a year and a half after graduation. All associates from the class of 2010 will receive health insurance from the firm beginning in June of 2010 and associates deferred until 2011 will draw a stipend beginning in January of 2010.

Presumably, setting fire to things in the meantime will not help.

Quinn Emanuel Defers Incoming Associates at Last Minute

Erik Even — Thu, 23 Jul 2009 16:24:46 +0000

At its San Francisco and Silicon Valley locations, law firm Quinn Emanuel is deferring half its incoming first year class to until January 2010. No deferral stipend or any other consideration has been announced.

Some, but not all, of the deferrals are voluntary. Less than ten incoming associates have been affected.

The firm waited to make the announcement until just six days before July’s California Bar Exam.

Quinn Emanuel Urquhart Oliver & Hedges LLP was founded in 1986 by John B. Quinn. It is headquartered in Los Angeles, with major offices in San Francisco, the Silicon Valley, and New York.