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I'm a 3L and I will be graduating in May and starting at a firm in early October. I know my firm offers incoming associates an advance to help with costs after graduation. It's only February so I don't want to ask them about it just yet. But does anyone know when NYC firms usually offer advances to new hires? Right after graduation? Right after the bar? Thank you.

Depends on the firm. Mine is sometime in April, I think. Just e-mail the cool recruiting lady/dude from your summer experience and I'm sure they'll give you an answer.

At least some firms do 3 months before your start date.

Started in September, got my stipend in May.

I spent it all in a day.

Mine has two options for advances: one in March and one in June, but you have to ask for it. I guess my question is whether or not there's a point to even taking it. My gut says no since I don't really spend all that much money, but I'm trying to think if there's a reason to take it (they're paying BarBri/Bar Exam costs, moving expenses, etc. so I guess I don't see the point).

Anonymous User wrote:Mine has two options for advances: one in March and one in June, but you have to ask for it. I guess my question is whether or not there's a point to even taking it. My gut says no since I don't really spend all that much money, but I'm trying to think if there's a reason to take it (they're paying BarBri/Bar Exam costs, moving expenses, etc. so I guess I don't see the point).

Remember time value of money

kryptix wrote:

Anonymous User wrote:Mine has two options for advances: one in March and one in June, but you have to ask for it. I guess my question is whether or not there's a point to even taking it. My gut says no since I don't really spend all that much money, but I'm trying to think if there's a reason to take it (they're paying BarBri/Bar Exam costs, moving expenses, etc. so I guess I don't see the point).

Remember time value of money

Yep- if it's interest-free, why not? Better to have it just in case something comes up.