Bingham McCutchen, which ousted 16 attorneys and 23 staff last month, has deferred its incoming associate class to January, 2010. Deferred associates will receieve a standard $10,000 bar stipend and a $10,000 deferral stipend. They will also be offered a $10,000 salary advance. Bingham McCutchen LLP is an international law firm with approximately 1,000 attorneys in 11 [...]
Continue reading...Thursday, April 23, 2009
Kilpatrick Stockton has told its incoming associate class they have been deferred from September 2009 to April 2010. The deferrals are mandatory, but some departments will be given the leeway to bring associates in early. The affected associates will get a two-month salary advance — not a stipend, but an advance that will come out of their [...]
Continue reading...Sunday, March 8, 2009
Dissolving Thacher Proffitt & Wood is pursuing its former first-year associates over money provided for bar expenses. The firm’s dissolution committee and bank are going after the former associates for repayment of salary advances issued last year to cover their bar and start up expenses. Omer “Jack” Williams, a former Thacher managing partner who chairs Thacher’s seven-member [...]
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Thursday, April 23, 2009
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