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How long (if at all) can you sit on an offer coming from a clerkship?

Posted: Tue Jan 12, 2021 6:02 pm
by Anonymous User
I'm a current clerk who's currently interviewing with NY restructuring groups. I don't have a set order of preferred firms, and probably won't until I've finished most or all of my interviews, but it looks like they might be stretched out over a number of weeks.

I assume NALP rules don't apply to clerks, who are technically laterals, so I'd like to know if I'm putting myself at risk if I sit on any early offers. Should I just ask about it? Am I expected to accept on the spot or shortly after?

For obvious reasons, I'm risk averse on this. If there's a meaningful risk of losing an offer by sitting on it, I'm likely to take the first one I get from a reasonably large restructuring group.

Re: How long (if at all) can you sit on an offer coming from a clerkship?

Posted: Wed Jan 13, 2021 11:57 am
by Anonymous User
Anonymous User wrote:
Tue Jan 12, 2021 6:02 pm
I'm a current clerk who's currently interviewing with NY restructuring groups. I don't have a set order of preferred firms, and probably won't until I've finished most or all of my interviews, but it looks like they might be stretched out over a number of weeks.

I assume NALP rules don't apply to clerks, who are technically laterals, so I'd like to know if I'm putting myself at risk if I sit on any early offers. Should I just ask about it? Am I expected to accept on the spot or shortly after?

For obvious reasons, I'm risk averse on this. If there's a meaningful risk of losing an offer by sitting on it, I'm likely to take the first one I get from a reasonably large restructuring group.
It's firm dependent, IME, but I've also never heard of a firm expecting you to say yes or no on the spot.

I think its totally fair game to ask about a timeline once an offer is received, and it's also possible that they might ask you about your timing as far as wrapping up other recruiting processes.