Law Practice Management
Chadbourne Indefinitely Defers About 12 Incoming Associates, Will Pay $60K
Posted Sep 28, 2009 3:53 PM CDT
By Martha Neil
Having already been told they would have to wait until January of 2010 to start work after graduating from law school in 2009, about half of the incoming class of first-year associates at Chadbourne & Parke has now had their start date deferred indefinitely.
All 25 members of the class have already been paid $13,000, and those who are being told today they will have to wait longer will get another $60,000. The news was initially reported by Above the Law, based on tipster information, and confirmed by the firm both to ATL and to the Am Law Daily.
"The decisions were made based on a review of our currently anticipated departmental needs," an unidentified law firm spokesman tells the Am Law Daily.
Additional related coverage:
ABAJournal.com: "Arent Fox Revokes Offers to 12 Incoming 1st-Years, Will Pay $20K"
ABAJournal.com: "Wildman Rescinds Offers to 10 of 14 Incoming Associates"
ABAJournal.com (April 2009): "Chadbourne & Parke Cuts Associate, Staff Pay"
ABAJournal.com (March 2009): "Paul Hastings Axes 44 Associates, 87 Staff; Chadbourne Cuts 25 Lawyers"
ABAJournal.com (October 2008): "Chadbourne & Parke Freezes Hiring of Laterals, Nonlawyers"
Updated on Oct. 2 to add link to subsequent ABAJournal.com post.