Salary advance for Vault firms the rule or the exception? Forum

Anonymous User · Post by **Anonymous User** » Sun Mar 13, 2011 7:49 pm

Summering with a Vault firm and still have almost no details about the program. Is receiving an advance to defray rent and such the norm for Vault firms?

Anonymous User · Post by **Anonymous User** » Sun Mar 13, 2011 8:15 pm

It seems common amongst V15ish firms in NYC, at least this year, but I haven't heard of it at all outside of that context.

Anonymous User · Post by **Anonymous User** » Sun Mar 13, 2011 10:07 pm

I have heard of a number of firms offering salary advances this year.

Anonymous User · Post by **Anonymous User** » Sun Mar 13, 2011 10:32 pm

Anonymous User wrote:I have heard of a number of firms offering salary advances this year.

I just have to hope that my firm is doing this. Hard to imagine how I'll finance the transition otherwise.

Anonymous User · Post by **Anonymous User** » Mon Mar 14, 2011 12:16 am

Ive heard of a number of firms doing this. My firm (NYC V20) said they will send $2500 in April fwiw.

Anonymous User · Post by **Anonymous User** » Mon Mar 14, 2011 3:05 am

Is it weird to ask for the summer advance if you are summering in the city where you also attend law school? Seems like it's designed to help people pay relocation expenses, security deposits, etc.

Anonymous User · Post by **Anonymous User** » Mon Mar 14, 2011 8:45 am

Anonymous User wrote:Is it weird to ask for the summer advance if you are summering in the city where you also attend law school? Seems like it's designed to help people pay relocation expenses, security deposits, etc.

To the extent that they offer it, I don't see why they would care. They're not actually expending additional funds on the transaction.

mst · Post by **mst** » Mon Mar 14, 2011 8:50 am

G. T. L. Rev. wrote:
Anonymous User wrote:Summering with a Vault firm and still have almost no details about the program. Is receiving an advance to defray rent and such the norm for Vault firms?
For 2L SA? Absolutely not. If they hire you for post-grad, full time work, then most firms will give you either a stipend or a salary advance for post-3L summer.

But how is Michael Clayton supposed to finance his dead-beat brothers restaurant debt?

Salary advance for Vault firms the rule or the exception? Forum

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