Clerkship Bonus Increase Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Clerkship Bonus Increase
Since there does not seem to be any thread on this yet, I'll get it started:
https://abovethelaw.com/2024/03/cravath ... s-that-is/
Any chance other firms match?
https://abovethelaw.com/2024/03/cravath ... s-that-is/
Any chance other firms match?
-
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Re: Clerkship Bonus Increase
I feel like the rest of the V10 basically has to? 75k difference for a one-time clerk means there is basically little reason DPW or S&C will ever win out over Cravath for clerks.
-
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Re: Clerkship Bonus Increase
If generic biglaw cares at all about recruiting clerks, then it has to match this. There are increasingly more options for clerks outside of biglaw. And people aren’t just going to overlook a 75k difference. But frankly I don’t know that generic biglaw cares much about getting top litigation talent anyway, so I wouldn’t be surprised if few firms match. It’s kinda wild that most firms are still offering clerks the same signing bonus that they offered a decade ago.Anonymous User wrote: ↑Tue Mar 12, 2024 6:42 pmSince there does not seem to be any thread on this yet, I'll get it started:
https://abovethelaw.com/2024/03/cravath ... s-that-is/
Any chance other firms match?
-
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Re: Clerkship Bonus Increase
A fresh out of school clerk makes $72,500 in one year of clerking (without location adjustments; a clerk in NYC makes $85,000). Add on a $125,000 bonus and the all-in comp for that year is about $200k. It's still not biglaw pay, but it's not nearly as large a gap as it has been while clerking bonuses didn't keep up with salary increases. A one-year clerk makes about half as much all-in as a first-year associate now everywhere except Cravath. This is a big change.
-
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Re: Clerkship Bonus Increase
Still no news?
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
-
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Re: Clerkship Bonus Increase
Anyone heard anything here?
-
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Re: Clerkship Bonus Increase
Jenner is giving 70k for two federal clerkships. even if one is appellate.Anonymous User wrote: ↑Tue Mar 12, 2024 8:11 pmIf generic biglaw cares at all about recruiting clerks, then it has to match this. There are increasingly more options for clerks outside of biglaw. And people aren’t just going to overlook a 75k difference. But frankly I don’t know that generic biglaw cares much about getting top litigation talent anyway, so I wouldn’t be surprised if few firms match. It’s kinda wild that most firms are still offering clerks the same signing bonus that they offered a decade ago.Anonymous User wrote: ↑Tue Mar 12, 2024 6:42 pmSince there does not seem to be any thread on this yet, I'll get it started:
https://abovethelaw.com/2024/03/cravath ... s-that-is/
Any chance other firms match?