Clerkship Bonus No Clawback

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Clerkship Bonus No Clawback

Postby Anonymous User » Mon Feb 19, 2018 9:33 pm

Current east coast district court clerk thinking about going to biglaw. Comments about burning bridges aside, does anybody know of any firms that do not have a clawback clause whereby they require you to repay a portion of your bonus if you leave the firm before one (or two!) years?

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sat Feb 24, 2018 11:09 am

Bump?

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sat Feb 24, 2018 1:26 pm

Anonymous User wrote:Bump?


Not sure this exists. Between friends and myself I’ve seen/heard about offers from various firms and they all have a one year except Quinn which has two (but is 105).

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sat Feb 24, 2018 8:09 pm

I am curious how these clawbacks work. Lets say you stay 8 months, do you pay back the whole thing or the remaining 4 months pro-rated?

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sat Feb 24, 2018 8:56 pm

Pro-rated of course.

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sat Feb 24, 2018 9:45 pm

Even at QE? Prorated?

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sat Feb 24, 2018 11:38 pm

Anonymous User wrote:Even at QE? Prorated?

prorated everywhere.

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sun Feb 25, 2018 2:35 am

I think it is not pro rated. Most places say you get the bonus as a lump sum when you start and you owe it back if you leave early. That doesn't seem to indicate you'd only have to repay part of the bonus...otherwise they'd pay you that amount in your paycheck over the course of a year...

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sun Feb 25, 2018 2:52 pm

bump

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Mon Feb 26, 2018 9:57 am

Bump

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Thu Mar 22, 2018 9:50 pm

Where does the clawback actually get spelled out? One offer letter to me says you get paid on the first day and nothing else. Curious if there is another place for it?

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Thu Mar 22, 2018 10:38 pm

OP here. Chose a New York firm that spelled out the terms pretty clearly in their offer letter but if its not spelled out there you probably have to ask.

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Re: Clerkship Bonus No Clawback

Postby Anonymous User » Sun Mar 25, 2018 11:05 pm

I presume no one here can answer this, but on the off chance there is, how do they demand it back? Immediately in lump sum?



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