A ‘Genius’ Use of Deferral Time
July 2nd, 2010 admin

A little over a year ago, law firms came up with a unique plan to deal with the problem of too many associates and not enough work to go around: the deferral. It did not apply just to incoming associates; it was also offered up to those already at the firm who were open to a year-long sabbatical. We know that many of you decided (or had to) seek out work in the public sector. But when the mainstream media picked up on the fact that law firms …
Related Posts
Incoming associates get really angry when firms rescind offers for full-time employment. As Lat said this afternoon here in the office, law students react “as if rescinding offers is like eating babies.” Incoming associates understand that the market remains tough, but these recruits still have harsh words for firms that pull offers. We...
Do you remember the scene in the Amityville Horror House movie where the toilet says to the family “Get out”? That seems to be what firms are telling incoming associates when they defer 1st years until 2012. Today, we’ve got another firm that has decided to put some its incoming associates on the long march towards… Continue...
Ed. note : Law Shucks focuses on life in, and after, BigLaw, including by tracking layoffs, bonuses, and laterals. Above the Law is pleased to bring you this weekly column, which analyzes news at the world’s top law firms. Most summer programs have kicked off by now, but ATL pointed out a problem waiting in the wings . While law students are...
Three thoughts on Citizens United and the mainstream media: 1. The decision better secures the liberty of the mainstream media. Most mainstream media is organized as corporations, and as the Court pointed out the argument for lesser protection for corporate speech would equally apply to speech by media corporations. So far, Congress has exempted the...
With all the salary freezes, thaws and permanent meltdowns over the past year, it’s hard to keep track of what associates at law firms are actually making these days. And associates are learning that an annual lock-step raise is no longer a sure thing under new compensation systems at many firms. This week our ATL…
Read More →
Historically, clerks have had a pretty sweet deal. A year spent with a judge increases their attractiveness to law firms; in the past, this translated to big bonuses for going into Biglaw. During the recession, the deal got slightly less sweet, as firms went a little sour on clerks. Over the last month, a number of readers have anxiously emailed...
Apparently, people who summered at Mayer Brown in 2009 and received an offer are still waiting to hear whether they will be able to start work in a timely manner. Two former MB summer associates and current NYU Law students decided to take matters into their own hands. They sent out an email to everybody in Mayer Brown’s 2009 summer class....
Over the years, we’ve read a lot of critiques of the ways big law firms handle the issue of part-time work for mothers (and fathers) of young children. Many of these, it seems, end on this slight up-note: That the state of things on this front are getting better. Firms are becoming more lenient with part-time parents, more understanding of...
We first heard about this months ago — back in September, from another speaker at the Lavender Law conference. We didn’t mention it at the time, though, since we’re not that comfortable outing people. But now that the cat has been let out of the bag — or closet, as the case may be — by the mainstream media, let’s…...
We’ve reported, highlighted, rued (pick your verb) the fact that women are a distinct minority in many law-firm partnerships, even though women make up roughly 50% of law firm grads. (Here’s one recent post on the topic.) The issue has touched off a spat about whether law firms divulge enough information about who, exactly, makes full equity...
Related Tweets from Twitter
| CareerAndBizOps (Martell Thornton) : The Cart and the Horse: He has buddies from college who drifted after graduation. Some are working retail jobs, or... http://bit.ly/c3ydDi.. Updated : 2010-09-08T15:45:44Z | Reply | View Tweet |
|
|
yosie23 (Yosie Saint-Cyr) : Billable Rates Have Little to Do With #Attorney Experience http://bit.ly/dB1ES6 @steigerlaw #law.. Updated : 2010-09-08T15:42:25Z | Reply | View Tweet |
|
steigerlaw (Lowell Steiger) : Billable Rates Have Little to Do With Attorney Experience http://bit.ly/dB1ES6.. Updated : 2010-09-08T15:38:48Z | Reply | View Tweet |
|
cathleenannfox (Cathleen Mackay) : The Cart and the Horse: The problem here is proverbial and involves carts and horses. In a perfect world, you woul... http://bit.ly/alXH7H.. Updated : 2010-09-08T15:24:11Z | Reply | View Tweet |
| CareerAndBizOps (Martell Thornton) : The Cart and the Horse: Going to graduate school has become a popular substitute for finding a job, especially in ... http://bit.ly/dpb4Wq.. Updated : 2010-09-08T15:22:30Z | Reply | View Tweet |
|
Related News from Digg
Leave a comment
| Trackback




















