The New York City Bar has issued revised results of a study released earlier this month that said a “culture gap” had emerged between deferred associates and their colleagues at public interest groups in the city. Instead, the study now concludes deferred associates “were largely happy with their placements.” The New York Bar explained the error [...]
Continue reading...Wednesday, December 16, 2009
Simpson & Thatcher deferrals who are doing public interest law while waiting for their new start date will be receiving a prorated bonus from the firm this year. Given that Simpson & Thatcher rushed in to follow the Cravath scale, the bonus won’t be much, particularly once it has been pro rated and taxed, [...]
Continue reading...Friday, November 20, 2009
Seyfarth Shaw has told half of its deferred associates that they will not be starting in January as planned. Instead, they are being redeferred to October 2010, and will receive a stipend of $2000 dollars per month starting in January. If that wasn’t enough bad news, Seyfarth is also cutting the salaries of [...]
Continue reading...Tuesday, November 10, 2009
Katten has split its deferred class of incoming associates into three groups. The lucky group will start in February, as re-scheduled. The second group is being pushed back to October of next year, a full 16 months after they graduated from law school, and the third group gets $50k and the door. Katten Muchin [...]
Continue reading...Monday, November 2, 2009
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 [...]
Continue reading...Wednesday, October 21, 2009
Earlier this month tipsters alerted us to layoffs at Foley & Lardner, which the firm later confirmed. Like many firms, Foley & Lardner deferred its incoming associate class, but now it appears that some of those associates are being deferred again. Incoming IP associates have been pushed back to September of next year, [...]
Continue reading...Wednesday, October 7, 2009
We’ve reported on a few firms that have paid incoming associates a stipend to, essentially, go away. In each of the previous cases, the offer has been to the entire incoming class. Fenwick & West was slated to have 24 new associates start, once their deferrals expired, and has offered some of them [...]
Continue reading...Thursday, September 3, 2009
In 1933 the Federal Government began paying farmers to not grow crops, in the hopes that reducing the supply would stabilize prices and help spur recovery from the Great Depression. Today, Bryan Cave becomes the third law firm to pay lawyers not to work. Certainly the goals of the Federal Government differ from [...]
Continue reading...Tuesday, September 1, 2009
Last week we reported that Morgan Lewis was not making any offers to its summer associates in the Washington DC office. i After the firm put out a statement to the contrary, we updated our report. Now Morgan Lewis has released its firm wide numbers, and they aren’t pretty. Of the 102 eligible summer associates, [...]
Continue reading...Tuesday, September 1, 2009
For the second time in two weeks, a major law firm has bucked the trend and asked associates to start early. Mayer Brown today asked half of the new class of associates in their New York office to begin after Labor Day, while the other half will continue to wait until January. Mayer [...]
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Thursday, March 18, 2010
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