Kohinoor wrote:ToTransferOrNot wrote:bigben wrote:My firm gives a signing bonus aka bar stipend. Pretty sure most firms do this.
I've never heard anyone refer to the bar stipend as a signing bonus, but I guess if you want to go there, sure.
And no, the bar stipend isn't an advance.
However, people in the know will do a PILI fellowship anyway. $30k for the summer instead of $10k, you work 200 hours. $100 an hour - actually better money than you'll be making per hour once you start.PILI Fellows generally work five part-time weeks while studying for the bar exam (mornings at the agency, afternoons at the review course), and five full-time weeks after the exam. Most Fellows take a break of two weeks immediately before the exam for undivided study. Variations in this schedule can be arranged as long as the agency and the law firm agree (for example, Fellows sometimes put in two full-time weeks of work before the summer bar review course begins). Fellows usually have time for a vacation at the end of their Fellowships and before their firms’ start date. PILI Fellowships require 300 hours of work.
My firm offers to pay for a PILI fellowship if we want to do it. I am leaning towards yes, but I am wondering if it is manageable while studying for the bar...If you had the option, would you go for it? I am already getting a signing bonus dispensed at beg. of summer, but I would def. feel more at ease about making ends meet.