Clerkship Bonus for a Lateral Attorney?

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Clerkship Bonus for a Lateral Attorney?

Postby Anonymous User » Sun Jun 24, 2018 2:05 pm

Hello,

Hoping someone has a definitive answer from a firm website or from personal experience, but will an attorney who worked for 3+ years for the government, then clerks for an Art. III judge, receive a "clerkship bonus" when joining a firm? I read a post from another thread that stated "a friend was treated like a lateral and didn't receive a clerkship bonus after taking this untraditional approach," but I'm hoping this is the minority position. Any insight from other folks? When I review various firm's websites, it seems to simply indicate those coming directly from an Art. III clerkship will receive a bonus, without distinguishing between experienced laterals and entry level attorneys. I understand I should qualify for "class credit," but I was looking forward to that clerkship and signing bonus having been a "public servant" for a while.

I have a feeling that the answer is simply: it depends on the firm and you'll have to negotiate.

BlackAndOrange84

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Re: Clerkship Bonus for a Lateral Attorney?

Postby BlackAndOrange84 » Sun Jun 24, 2018 8:41 pm

Yeah, there's an element of negotiation in the terms of clerkship hiring, but my impression is that "market" would be for you to get a clerkship bonus. I think things get trickier as you get more senior (in terms of maybe giving up class years, clerkship bonus) but I don't think you're that far out yet. I'd be surprised if you didn't get the bonus—I've known plenty of people who went back to biglaw (having been associates for 1-4 years) after clerking for a year or two and who got the market clerkship bonus ($50k for one, $70k for two years).

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Re: Clerkship Bonus for a Lateral Attorney?

Postby Anonymous User » Wed Jun 27, 2018 2:39 pm

BlackAndOrange84 wrote:Yeah, there's an element of negotiation in the terms of clerkship hiring, but my impression is that "market" would be for you to get a clerkship bonus. I think things get trickier as you get more senior (in terms of maybe giving up class years, clerkship bonus) but I don't think you're that far out yet. I'd be surprised if you didn't get the bonus—I've known plenty of people who went back to biglaw (having been associates for 1-4 years) after clerking for a year or two and who got the market clerkship bonus ($50k for one, $70k for two years).


Has anyone heard of laterals managing to negotiate 70k if their clerkships were non-consecutive (e.g., clerk out of LS, two years in biglaw, clerk again, back to biglaw with 70k bonus?). This would be a bit unfair, given that you're essentially getting paid twice for the first clerkship, but wondering if it's something I could plausibly ask for.

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Re: Clerkship Bonus for a Lateral Attorney?

Postby Anonymous User » Wed Jun 27, 2018 2:41 pm

Anonymous User wrote:
BlackAndOrange84 wrote:Yeah, there's an element of negotiation in the terms of clerkship hiring, but my impression is that "market" would be for you to get a clerkship bonus. I think things get trickier as you get more senior (in terms of maybe giving up class years, clerkship bonus) but I don't think you're that far out yet. I'd be surprised if you didn't get the bonus—I've known plenty of people who went back to biglaw (having been associates for 1-4 years) after clerking for a year or two and who got the market clerkship bonus ($50k for one, $70k for two years).


Has anyone heard of laterals managing to negotiate 70k if their clerkships were non-consecutive (e.g., clerk out of LS, two years in biglaw, clerk again, back to biglaw with 70k bonus?). This would be a bit unfair, given that you're essentially getting paid twice for the first clerkship, but wondering if it's something I could plausibly ask for.


Same firm? Unlikely but possible.
Different firms? Probably.

BlackAndOrange84

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Re: Clerkship Bonus for a Lateral Attorney?

Postby BlackAndOrange84 » Wed Jun 27, 2018 5:48 pm

Anonymous User wrote:
BlackAndOrange84 wrote:Yeah, there's an element of negotiation in the terms of clerkship hiring, but my impression is that "market" would be for you to get a clerkship bonus. I think things get trickier as you get more senior (in terms of maybe giving up class years, clerkship bonus) but I don't think you're that far out yet. I'd be surprised if you didn't get the bonus—I've known plenty of people who went back to biglaw (having been associates for 1-4 years) after clerking for a year or two and who got the market clerkship bonus ($50k for one, $70k for two years).


Has anyone heard of laterals managing to negotiate 70k if their clerkships were non-consecutive (e.g., clerk out of LS, two years in biglaw, clerk again, back to biglaw with 70k bonus?). This would be a bit unfair, given that you're essentially getting paid twice for the first clerkship, but wondering if it's something I could plausibly ask for.


I know someone who managed to do this, so, yes, possible. But with different firms.



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