Glockinette Posté 24 juillet 2009 Signaler Posté 24 juillet 2009 Cravath Will Pay New Associates $80K to Stay Away for a Year By Debra Cassens Weiss Cravath, Swaine & Moore is trying to cope with a larger than expected incoming associate class by offering $80,000 to any lawyers who agree to stay away for a year. Lawyers who take Cravath up on the offer will also be paid as much as $1,000 a month to cover student loans and the cost of medical and dental insurance, Bloomberg News reports. The publication is basing its report on an internal memo. The offer puts Cravath at “the top of the deferral stipend market,” Above the Law reports. One-hundred fifty lawyers had planned to start work at Cravath in the fall, and another 120 are joining the firm as summer associates. The deferred start date is optional for the incoming 2009 class, but summer associates aren’t as lucky, according to the article. Cravath is paying them $65,000 to push back their start dates from October 2010 to a year later, and the delay is not optional. Up to half of the incoming associate class may opt for the $80,000 deferral offer. The classes of incoming lawyers and summer associates are “significantly larger than planned because the acceptance rate of our offers increased the size of those classes well beyond our expectations,” Cravath said in the memo, according to the Bloomberg account. At the same time, fewer associates already employed by the firm are leaving. “While the firm’s level of work is at or near its level before the continuing economic decline, there are many more associates at the firm today than our plans anticipated,” the memo said. Partner profits at Cravath dropped 24 percent last year, but it is still the nation’s fifth most profitable law firm. Unlike many other large law firms, it has not laid off any lawyers. The Wall Street Journal Law Blog also covered the deferral offer.
Rincevent Posté 24 juillet 2009 Signaler Posté 24 juillet 2009 On postule où ? Ah, sinon : le nom de la boîte ne s'invente pas. C'est tellement gros que j'ai vérifié si l'on n'était pas le 1er Avril.
Glockinette Posté 25 juillet 2009 Auteur Signaler Posté 25 juillet 2009 On postule où ? Tu es un mega-geek juridique doublé d'un nerd qui adore travailler non-stop? Si non, tu ne perds rien: dis-toi que c'est un cadeau empoisonné
Rincevent Posté 25 juillet 2009 Signaler Posté 25 juillet 2009 Tu es un mega-geek juridique doublé d'un nerd qui adore travailler non-stop? Si non, tu ne perds rien: dis-toi que c'est un cadeau empoisonné Il y a des raisons à tout. Sinon, c'était surtout l'année sabbatique payée pour laquelle je comptais postuler.
Glockinette Posté 25 juillet 2009 Auteur Signaler Posté 25 juillet 2009 Sinon, c'était surtout l'année sabbatique payée pour laquelle je comptais postuler. Tiens, c'est curieux, mon intuition me disait que c'était ça… Cela-dit, il faut bien reconnaitre qu'ils ont fait très fort sur ce coup là. La plupart des autres cabinets sur NY licencient par ci par là depuis plusieurs mois. Et eux, non seulement ne licencient pas, mais crèvent le plafond des indemnités d'attentes. Oh, well… good for them!
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