Summer Internships and Corona Forum

[Anonymous User]

Cleary: offers and full summer pay.

[Anonymous User]

Jones Day sent out a tech survey today, asking about things like computer access, wifi, and operating systems, as well as what mobile device(s) summers have.

[Anonymous User]

S&C supposedly canceled their entire summer program

[Anonymous User]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

[Anonymous User]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

I imagine that's quite a pay cut from what the salary would've been for the summer. Any mention of offers for post-grad?

At least one Jones Day office had a meeting of its summer associates earlier this week to get to know each other.

[Anonymous User]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

I imagine that's quite a pay cut from what the salary would've been for the summer. Any mention of offers for post-grad?

100% offers

[Anonymous User]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

So is it 30K total? 20K, from which one could receive an advances? Or 20K plus whatever advances were already received. Either way it's kind of shitty that they are not trying to have any semblance of a program or an attempt to make you whole financially when their peers have and even less-profitable firms like Cov have committed to doing so.

[Anonymous User]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

So is it 30K total? 20K, from which one could receive an advances? Or 20K plus whatever advances were already received. Either way it's kind of shitty that they are not trying to have any semblance of a program or an attempt to make you whole financially when their peers have and even less-profitable firms like Cov have committed to doing so.

Currently a lot of tension on reddit over whether this is a real update or someone trolling right now.

[Anonymous User]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

So is it 30K total? 20K, from which one could receive an advances? Or 20K plus whatever advances were already received. Either way it's kind of shitty that they are not trying to have any semblance of a program or an attempt to make you whole financially when their peers have and even less-profitable firms like Cov have committed to doing so.

30 total, of which 10 is advance on first year salary

[GWc/o2017]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

So is it 30K total? 20K, from which one could receive an advances? Or 20K plus whatever advances were already received. Either way it's kind of shitty that they are not trying to have any semblance of a program or an attempt to make you whole financially when their peers have and even less-profitable firms like Cov have committed to doing so.

Considering that all of NYC is shut down currently and will be for the foreseeable future, it's not shitty. As for the firms that say they will try to host a "virtual" summer program, I expect those will be a complete waste, both for the SA's and the firm.

[Anonymous User]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

So is it 30K total? 20K, from which one could receive an advances? Or 20K plus whatever advances were already received. Either way it's kind of shitty that they are not trying to have any semblance of a program or an attempt to make you whole financially when their peers have and even less-profitable firms like Cov have committed to doing so.

Considering that all of NYC is shut down currently and will be for the foreseeable future, it's not shitty. As for the firms that say they will try to host a "virtual" summer program, I expect those will be a complete waste, both for the SA's and the firm.

The more important point is that while all of S&C's peers are paying for the full summer, they are only paying about half according to the report. That is, if it is true, there hasn't been any corroboration on that reddit thread.

[abcdoremi]

Sullivan & Cromwell: Cancelled entirely. Pay is 20k. Additional advance of 10k.

So is it 30K total? 20K, from which one could receive an advances? Or 20K plus whatever advances were already received. Either way it's kind of shitty that they are not trying to have any semblance of a program or an attempt to make you whole financially when their peers have and even less-profitable firms like Cov have committed to doing so.

Considering that all of NYC is shut down currently and will be for the foreseeable future, it's not shitty. As for the firms that say they will try to host a "virtual" summer program, I expect those will be a complete waste, both for the SA's and the firm.

The more important point is that while all of S&C's peers are paying for the full summer, they are only paying about half according to the report. That is, if it is true, there hasn't been any corroboration on that reddit thread.

I think if true this is definitely bad, though it could have been much, much worse. A 10k advance, while better than nothing, is not that much better, especially because it is likely being used as a tool to prevent disgruntled would-be summer associates from going elsewhere if the economy rebounds. Additionally, if the program is cancelled, would-be summers can't put "Summer Associate" on their resumes, making it harder for them to move firms (although hopefully most employers will be understanding about the pandemic) and they lose the experience of making connections and trying out different practice groups.

[Anonymous User]

Jones Day sent out a tech survey today, asking about things like computer access, wifi, and operating systems, as well as what mobile device(s) summers have.

What are your thoughts on whether Jones Day will guarantee offers? My office hasn't said anything about it.

Anon because I'll be an SA at JD.

[Anonymous User]

Jones Day sent out a tech survey today, asking about things like computer access, wifi, and operating systems, as well as what mobile device(s) summers have.

What are your thoughts on whether Jones Day will guarantee offers? My office hasn't said anything about it.

Anon because I'll be an SA at JD.

I didn't get the sense that JD is gonna guarantee offers, but the Hiring Partner in the office where I'll be summering did seem relatively optimistic about the state of the firm. The firm seems to be acting like this'll be a normal summer except for the obvious social restrictions,.

[Anonymous User]

Looks like we can finally replace lol Latham with lol SullCrom.

Anon as I am one of the SullCrom SAs getting screwed over.

[lookatriffraffplease]

S&C Screwed over their SAs.

(1) the $10k advance is nothing to praise them for
(2) the SAs, in addition to being down the professional and social benefits of their summer position, are out $15k
(3) this is an incredibly profitable firm that is anyways saving a ton by not having a summer program and yet they still stiff the "newest members of their firm."

This is frustrating and should be recognized as screwed up. I hope my firm doesn't do the same

[Anonymous User]

That is fucking bullshit. My SA is like 1/3 as profitable and made everyone whole financially as well as committed to a virtual summer. Seriously a TTT move for a firm that thinks it’s on par with CSM and WLRK

[Dunnkirk85]

Am I clear that folks ITT are getting upset that they are getting 20k for doing no work, and a guaranteed offer? Seriously?

[Anonymous User]

Am I clear that folks ITT are getting upset that they are getting 20k for doing no work, and a guaranteed offer? Seriously?

Yeah, because they didn't accept an offer from SullCrom to get paid $20K to do nothing, they accepted an offer to make a fuck-ton of money from a firm that holds itself out as having superior financial strength and having weathered the financial crisis without firing people. Every single one of their peers somehow figured out a way to not dock their summers $15K and not insult their intelligence while doing so.

[Anonymous User]

Am I clear that folks ITT are getting upset that they are getting 20k for doing no work, and a guaranteed offer? Seriously?

This.

Yeah, because they didn't accept an offer from SullCrom to get paid $20K to do nothing, they accepted an offer to make a fuck-ton of money from a firm that holds itself out as having superior financial strength and having weathered the financial crisis without firing people. Every single one of their peers somehow figured out a way to not dock their summers $15K and not insult their intelligence while doing so.

Are other NYC offices retaining their summer programs? If not, it's not fair to compare a NYC-based firm (the hardest hit city) to other firms' offices throughout the country.

[Anonymous User]

Am I clear that folks ITT are getting upset that they are getting 20k for doing no work, and a guaranteed offer? Seriously?

This.

Yeah, because they didn't accept an offer from SullCrom to get paid $20K to do nothing, they accepted an offer to make a fuck-ton of money from a firm that holds itself out as having superior financial strength and having weathered the financial crisis without firing people. Every single one of their peers somehow figured out a way to not dock their summers $15K and not insult their intelligence while doing so.

Are other NYC offices retaining their summer programs? If not, it's not fair to compare a NYC-based firm (the hardest hit city) to other firms' offices throughout the country.

Here's the full list of firms that you would be making more money at this summer than at S&C, the vaunted V4 firm that owns its own building, built the Panama Canal, whatever other bullshit they put on their brochures:


Cravath
Wachtell
Skadden
Latham
Davis Polk
Gibson Dunn
Sidley
Quinn
Cleary
Covington
Jones Day
White & Case
Debevoise
Williams & Connolly
Boies
Millbank
Hogan Lovells
Cooley
Morgan Lewis
Clifford Chance
Munger Tolles
Shearman & Sterling
Fried Frank
Dechert
Willkie
Alston & Bird
McDermott
Freshfields
Cahill
Pillsbury
Irell
Foley & Lardner
Fenwick
Schulte
Haynes & Boone
Davis Wright Tremaine
Kilpatrick Townsend
Mintz Levin
Foley Hoag
Littler
Dorsey & Whitney
Hunton Andrews Kurth
Wiley Rein

[Trout et al]

Am I clear that folks ITT are getting upset that they are getting 20k for doing no work, and a guaranteed offer? Seriously?

This.

Yeah, because they didn't accept an offer from SullCrom to get paid $20K to do nothing, they accepted an offer to make a fuck-ton of money from a firm that holds itself out as having superior financial strength and having weathered the financial crisis without firing people. Every single one of their peers somehow figured out a way to not dock their summers $15K and not insult their intelligence while doing so.

Are other NYC offices retaining their summer programs? If not, it's not fair to compare a NYC-based firm (the hardest hit city) to other firms' offices throughout the country.

Here's the full list of firms that you would be making more money at this summer than at S&C, the vaunted V4 firm that owns its own building, built the Panama Canal, whatever other bullshit they put on their brochures:


Cravath
Wachtell
Skadden
Latham
Davis Polk
Gibson Dunn
Sidley
Quinn
Cleary
Covington
Jones Day
White & Case
Debevoise
Williams & Connolly
Boies
Millbank
Hogan Lovells
Cooley
Morgan Lewis
Clifford Chance
Munger Tolles
Shearman & Sterling
Fried Frank
Dechert
Willkie
Alston & Bird
McDermott
Freshfields
Cahill
Pillsbury
Irell
Foley & Lardner
Fenwick
Schulte
Haynes & Boone
Davis Wright Tremaine
Kilpatrick Townsend
Mintz Levin
Foley Hoag
Littler
Dorsey & Whitney
Hunton Andrews Kurth
Wiley Rein

You should go to one of these firms at 3L OCI bro. Cite the $15k you got "screwed" out of by SullCrom in your cover letter as the reason why you're applying.

[Libya]

Am I clear that folks ITT are getting upset that they are getting 20k for doing no work, and a guaranteed offer? Seriously?

This is boomer mentality. The problem isn’t that it’s unreasonable, the problem is their peers who are far less profitable and less “presitigious” are doing otherwise

[Anonymous User]

Am I clear that folks ITT are getting upset that they are getting 20k for doing no work, and a guaranteed offer? Seriously?

SAs were already going to make $40,000 for doing no work and having all but guaranteed offer. So what's your point?

[QContinuum]

Here's the full list of firms that you would be making more money at this summer than at S&C ...

Is that list really accurate, though?

• Cravath has delayed start at least until mid-June, and hasn't promised not to prorate pay.
• Ditto Quinn (see Cravath).
• White & Case will prorate pay; they're anticipating 7 weeks.
• Cooley will prorate pay; they're anticipating 6 weeks. Further, Cooley has expressly declined to guarantee 100% offers.
• Alston & Bird will prorate pay; they're anticipating 6 weeks.
• McDermott cancelled the summer program, and instead offered a $20k stipend.
• Pillsbury will prorate pay; they're anticipating 6 weeks.
• Foley will prorate pay; they're anticipating 6 weeks.
• Fenwick hasn't promised not to prorate pay. They likely will prorate, because if they were going to pay 10 weeks for 6 weeks' work, I imagine they would've said so when they cut the program down to 6 weeks.
• Same for HayBoo (see Fenwick).
• Same for Davis Wright (see Fenwick).
• Same for Kilpatrick (see Fenwick).
• Same for Mintz Levin (see Fenwick).
• Same for Littler (see Fenwick).
• Foley will prorate pay, but if they cancel the program altogether, which they're still considering, they will merely offer a "meaningful" stipend. Even if the program goes ahead, it'll be 6 weeks max.

And as for JD, they have a history of treating summers better than full-time associates. In '18, summers got bumped to $190k before first-years did.

To be clear, I'm not defending S&C's move. But I think it's irresponsible to spread misinformation about what other firms are doing. It's also foolish because plenty of firms are guaranteeing a full 10 weeks' pay, so there's really no need to exaggerate by pulling in firms that either haven't guaranteed full pay, or have already said they won't be paying the full 10 weeks.

Finally, even if S&C proves to be the stingiest V10 (which it may not be - still a number of radio-silent V10s yet to announce), that still wouldn't make it a good idea for a S&C summer to switch to, say, Hogan or JD.