Clerkship Bonus Increase Forum

[Anonymous User]

Since there does not seem to be any thread on this yet, I'll get it started:

https://abovethelaw.com/2024/03/cravath ... s-that-is/

Any chance other firms match?

[Anonymous User]

I feel like the rest of the V10 basically has to? 75k difference for a one-time clerk means there is basically little reason DPW or S&C will ever win out over Cravath for clerks.

[Anonymous User]

Since there does not seem to be any thread on this yet, I'll get it started:

https://abovethelaw.com/2024/03/cravath ... s-that-is/

Any chance other firms match?

If generic biglaw cares at all about recruiting clerks, then it has to match this. There are increasingly more options for clerks outside of biglaw. And people aren’t just going to overlook a 75k difference. But frankly I don’t know that generic biglaw cares much about getting top litigation talent anyway, so I wouldn’t be surprised if few firms match. It’s kinda wild that most firms are still offering clerks the same signing bonus that they offered a decade ago.

[Anonymous User]

A fresh out of school clerk makes $72,500 in one year of clerking (without location adjustments; a clerk in NYC makes $85,000). Add on a $125,000 bonus and the all-in comp for that year is about $200k. It's still not biglaw pay, but it's not nearly as large a gap as it has been while clerking bonuses didn't keep up with salary increases. A one-year clerk makes about half as much all-in as a first-year associate now everywhere except Cravath. This is a big change.

[Anonymous User]

Still no news?

[Anonymous User]

Anyone heard anything here?

[Anonymous User]

Since there does not seem to be any thread on this yet, I'll get it started:

https://abovethelaw.com/2024/03/cravath ... s-that-is/

Any chance other firms match?

If generic biglaw cares at all about recruiting clerks, then it has to match this. There are increasingly more options for clerks outside of biglaw. And people aren’t just going to overlook a 75k difference. But frankly I don’t know that generic biglaw cares much about getting top litigation talent anyway, so I wouldn’t be surprised if few firms match. It’s kinda wild that most firms are still offering clerks the same signing bonus that they offered a decade ago.

Jenner is giving 70k for two federal clerkships. even if one is appellate.