clerkship bonuses at boutiques
Posted: Mon Jan 29, 2024 9:32 am
anyone know clerkship bonuses at boutiques in DC and NY like Wilkinson, KKL, etc.?
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The only boutiques I know of with above-market clerkship bonuses in those cities are Kellogg ($175k) and Susman ($125k for one, $150k for two). Both also pay above-market EOY bonuses and have other significant cash benefits like 401k contributions. The other prestige boutiques pay the usual clerkship bonuses. Less prestigious lifestyle boutiques will either not pay clerkship bonuses or will pay below-market ones.Anonymous User wrote: ↑Mon Jan 29, 2024 9:32 amanyone know clerkship bonuses at boutiques in DC and NY like Wilkinson, KKL, etc.?
Hueston Hennigan also pays above-market bonuses at the 125/150 rate. As for places like KKL, which is not really like a Wilkinson or Susman, I don’t think they even pay market rate for salary? I’m not sure, but I think the trade-off is that you have a much better shot at becoming an AUSA, but you make less money.Anonymous User wrote: ↑Mon Jan 29, 2024 4:35 pmThe only boutiques I know of with above-market clerkship bonuses in those cities are Kellogg ($175k) and Susman ($125k for one, $150k for two). Both also pay above-market EOY bonuses and have other significant cash benefits like 401k contributions. The other prestige boutiques pay the usual clerkship bonuses. Less prestigious lifestyle boutiques will either not pay clerkship bonuses or will pay below-market ones.Anonymous User wrote: ↑Mon Jan 29, 2024 9:32 amanyone know clerkship bonuses at boutiques in DC and NY like Wilkinson, KKL, etc.?
Kellogg now pays $175k for one, $200k for two.Anonymous User wrote: ↑Mon Jan 29, 2024 4:50 pmHueston Hennigan also pays above-market bonuses at the 125/150 rate. As for places like KKL, which is not really like a Wilkinson or Susman, I don’t think they even pay market rate for salary? I’m not sure, but I think the trade-off is that you have a much better shot at becoming an AUSA, but you make less money.Anonymous User wrote: ↑Mon Jan 29, 2024 4:35 pmThe only boutiques I know of with above-market clerkship bonuses in those cities are Kellogg ($175k) and Susman ($125k for one, $150k for two). Both also pay above-market EOY bonuses and have other significant cash benefits like 401k contributions. The other prestige boutiques pay the usual clerkship bonuses. Less prestigious lifestyle boutiques will either not pay clerkship bonuses or will pay below-market ones.Anonymous User wrote: ↑Mon Jan 29, 2024 9:32 amanyone know clerkship bonuses at boutiques in DC and NY like Wilkinson, KKL, etc.?
$50k for one, $75k for two, last I heard.Anonymous User wrote: ↑Tue Jan 30, 2024 11:09 amWhat does Williams and Connolly in DC pay for its clerkship bonus?
Wilkinson pays $125k for one, not sure for twoAnonymous User wrote: ↑Mon Jan 29, 2024 5:15 pmKellogg now pays $175k for one, $200k for two.Anonymous User wrote: ↑Mon Jan 29, 2024 4:50 pmHueston Hennigan also pays above-market bonuses at the 125/150 rate. As for places like KKL, which is not really like a Wilkinson or Susman, I don’t think they even pay market rate for salary? I’m not sure, but I think the trade-off is that you have a much better shot at becoming an AUSA, but you make less money.Anonymous User wrote: ↑Mon Jan 29, 2024 4:35 pmThe only boutiques I know of with above-market clerkship bonuses in those cities are Kellogg ($175k) and Susman ($125k for one, $150k for two). Both also pay above-market EOY bonuses and have other significant cash benefits like 401k contributions. The other prestige boutiques pay the usual clerkship bonuses. Less prestigious lifestyle boutiques will either not pay clerkship bonuses or will pay below-market ones.Anonymous User wrote: ↑Mon Jan 29, 2024 9:32 amanyone know clerkship bonuses at boutiques in DC and NY like Wilkinson, KKL, etc.?
Weird because I know someone who got an offer this year and had the same 50k bonus offer. Maybe it’s prospective for next year?Anonymous User wrote: ↑Wed Mar 06, 2024 7:36 pmNot sure if right thread, but anyone notice that Cravath appears to pay a 125/150 clerkship bonus now? This feels new.
https://www.cravath.com/careers/legal-h ... its-1.html
dont know what clerkship your friend did but maybe it was not a "qualifying clerkship"? Maybe cravath only does this for district and circuit court, but not bankruptcy and magistrate or something. If your friend did an art. iii clerkship then yeah maybe the policy was updated after your friend got the offer. If the offer is still open they should be able negotiate to 125 because that's the actual policy lolAnonymous User wrote: ↑Thu Mar 07, 2024 12:56 pmWeird because I know someone who got an offer this year and had the same 50k bonus offer. Maybe it’s prospective for next year?Anonymous User wrote: ↑Wed Mar 06, 2024 7:36 pmNot sure if right thread, but anyone notice that Cravath appears to pay a 125/150 clerkship bonus now? This feels new.
https://www.cravath.com/careers/legal-h ... its-1.html
Wonder what, if any, impact this will have on the market. As far as I know, no generic Big Law (depending on how you categorize Quinn) has moved from their 50/75 clerkship bonus for about a decade. And makes me wonder about the previously above-market bonuses from lit boutiques that are now Cravath standardAnonymous User wrote: ↑Wed Mar 06, 2024 7:36 pmNot sure if right thread, but anyone notice that Cravath appears to pay a 125/150 clerkship bonus now? This feels new.
https://www.cravath.com/careers/legal-h ... its-1.html
This person was an article 3 circuit clerk who received an offer letter a few weeks ago. Unclear when the policy changed. Very sus for them to pull that on someone?jotarokujo wrote: ↑Thu Mar 07, 2024 1:18 pmdont know what clerkship your friend did but maybe it was not a "qualifying clerkship"? Maybe cravath only does this for district and circuit court, but not bankruptcy and magistrate or something. If your friend did an art. iii clerkship then yeah maybe the policy was updated after your friend got the offer. If the offer is still open they should be able negotiate to 125 because that's the actual policy lolAnonymous User wrote: ↑Thu Mar 07, 2024 12:56 pmWeird because I know someone who got an offer this year and had the same 50k bonus offer. Maybe it’s prospective for next year?Anonymous User wrote: ↑Wed Mar 06, 2024 7:36 pmNot sure if right thread, but anyone notice that Cravath appears to pay a 125/150 clerkship bonus now? This feels new.
https://www.cravath.com/careers/legal-h ... its-1.html
Seems to be new and they didn’t notify incoming clerks (source: friend clerking now / going to Cravath also wasn’t told). But it seems to apply to “incoming associates” so assume they’ll get the benefit of the increase?Anonymous User wrote: ↑Thu Mar 07, 2024 2:35 pmThis person was an article 3 circuit clerk who received an offer letter a few weeks ago. Unclear when the policy changed. Very sus for them to pull that on someone?jotarokujo wrote: ↑Thu Mar 07, 2024 1:18 pmdont know what clerkship your friend did but maybe it was not a "qualifying clerkship"? Maybe cravath only does this for district and circuit court, but not bankruptcy and magistrate or something. If your friend did an art. iii clerkship then yeah maybe the policy was updated after your friend got the offer. If the offer is still open they should be able negotiate to 125 because that's the actual policy lolAnonymous User wrote: ↑Thu Mar 07, 2024 12:56 pmWeird because I know someone who got an offer this year and had the same 50k bonus offer. Maybe it’s prospective for next year?Anonymous User wrote: ↑Wed Mar 06, 2024 7:36 pmNot sure if right thread, but anyone notice that Cravath appears to pay a 125/150 clerkship bonus now? This feels new.
https://www.cravath.com/careers/legal-h ... its-1.html
https://abovethelaw.com/2024/03/cravath ... s-that-is/Anonymous User wrote: ↑Thu Mar 07, 2024 2:35 pmThis person was an article 3 circuit clerk who received an offer letter a few weeks ago. Unclear when the policy changed. Very sus for them to pull that on someone?jotarokujo wrote: ↑Thu Mar 07, 2024 1:18 pmdont know what clerkship your friend did but maybe it was not a "qualifying clerkship"? Maybe cravath only does this for district and circuit court, but not bankruptcy and magistrate or something. If your friend did an art. iii clerkship then yeah maybe the policy was updated after your friend got the offer. If the offer is still open they should be able negotiate to 125 because that's the actual policy lolAnonymous User wrote: ↑Thu Mar 07, 2024 12:56 pmWeird because I know someone who got an offer this year and had the same 50k bonus offer. Maybe it’s prospective for next year?Anonymous User wrote: ↑Wed Mar 06, 2024 7:36 pmNot sure if right thread, but anyone notice that Cravath appears to pay a 125/150 clerkship bonus now? This feels new.
https://www.cravath.com/careers/legal-h ... its-1.html
Offering only 50k for federal clerks right now is so weak. No wonder so many more clerks are choosing options outside of traditional biglaw now.Anonymous User wrote: ↑Fri Mar 08, 2024 10:40 amhttps://abovethelaw.com/2024/03/cravath ... s-that-is/Anonymous User wrote: ↑Thu Mar 07, 2024 2:35 pmThis person was an article 3 circuit clerk who received an offer letter a few weeks ago. Unclear when the policy changed. Very sus for them to pull that on someone?jotarokujo wrote: ↑Thu Mar 07, 2024 1:18 pmdont know what clerkship your friend did but maybe it was not a "qualifying clerkship"? Maybe cravath only does this for district and circuit court, but not bankruptcy and magistrate or something. If your friend did an art. iii clerkship then yeah maybe the policy was updated after your friend got the offer. If the offer is still open they should be able negotiate to 125 because that's the actual policy lolAnonymous User wrote: ↑Thu Mar 07, 2024 12:56 pmWeird because I know someone who got an offer this year and had the same 50k bonus offer. Maybe it’s prospective for next year?Anonymous User wrote: ↑Wed Mar 06, 2024 7:36 pmNot sure if right thread, but anyone notice that Cravath appears to pay a 125/150 clerkship bonus now? This feels new.
https://www.cravath.com/careers/legal-h ... its-1.html
Per Above The Law, Cravath increasing their clerkship bonuses just happened. Maybe more firms will move to match them?