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Stroock Deferral Options for New Grads: $50K to Delay, $75K to Go Away

Posted May 1, 2009 4:14 PM CDT
By Martha Neil

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In an innovative approach to the problem of too many lawyers and too little work, Stroock & Stroock & Lavan is offering multiple deferral options to its incoming class of fall associates.

A letter sent on Tuesday by the firm to graduating law students previously offered jobs as Stroock associates flatly states that their start date will now be Jan. 11, 2010 instead of this fall. But for those willing to wait a year and start in January 2011, the firm is offering $50,000. And for those who decide by July 1 to pursue other employment instead of working for Stroock, the firm is offering $75,000.

A copy of the letter, which was also provided by Stroock to the ABA Journal, is posted on Above the Law.

Related coverage:

ABAJournal.com: "To Defer or Not to Defer? Like a Day Off, Late Job Start May Not Be a Career Plus"

ABAJournal.com: "Too Many Lawyers, Too Little Work: More Layoffs Are Likely, Expert Says"

Texas Lawyer: "Past, Present and Future: Survival Stories of Lawyers"

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