Desert Fox wrote:Anonymous User wrote:Desert Fox wrote:Anonymous User wrote:Desert Fox wrote:nybar2017 wrote:AkTTTin Gump not paying stub bonuses.
do you guys get stipends?
yeah - 10k Stipend
Whoever outted this to ATL just fucked over future classes. 10k stipend >> whatever bonus stubs typically get. At most it's like 3,750 and that's if you are on track for 2000 hours at firms without hours cut offs. It wouldn't surprise me if most stubs wouldn't anything at Akin even if they were eligible.
I'm the OP re 10k Stipend - the stipend is a 10k loan, so you still gotta pay it back. Still kinda shitty imo, but it was nice to have the 10k upfront, untaxed to get me through the summer.
My understanding was that a bunch of DC firms did stipend instead of stub bonus.
Also, most friends in stub bonus firms got nothing, since they were pretty dry and in their honeymoon period for the first couple months at the firm (no steady work flow)
Stipend = Free cash
Advance = Loan
If you had to pay it back, I take back what I said. But many firms give 10-20k free cash but then don't do a stub year bonus. That is better than advance + stub bonus. Sounds like Akin is just doing advance + NOBUONUS. That sucks. Lets bash this TTT.
Do it. I need a payout
Also, they called it a stipend, IIRC. I've been bamboozled, or I'm just not remembering things correctly. Either way, this calls for riots and better snack bars.