Dozens of BigLaw Firms Make Law Blog's Start-Date Deferral List
Only last year, graduating third-year law students with jobs lined up at BigLaw firms could routinely expect to start work in the fall.
But the dismal economy has changed that for a startling number. Dozens of major firms have made a detailed list published this afternoon by Above the Law of those that are deferring the start date for at least some incoming new associates. The list also provides information about stipends and other payments being made to deferred first-years.
In a sign of the troubled times, ATL opens its post with the news that a major firm is NOT deferring the start date for associates until next year, or even the year after:
“Incoming associates at Kirkland & Ellis got good news today. They get to start in 2009! November, to be exact,” the law blog writes.
There’s one update to the ATL list already, however: Hogan & Hartson is offering an unknown number of incoming first-years a $75,000 paid vacation if they defer until December 2010, as discussed in a subsequent ABAJournal.com post.
For the full list, read the full ATL post.
Updated at 5:10 p.m. to link to subsequent ABAJournal.com post about Hogan & Hartson.
