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SCOTUS bonus up to $330,000.
Poast new message in this thread
Date: September 10th, 2014 6:06 PM Author: cracking forum black woman "We have received reports of multiple firms offering $330,000 clerkship bonuses to SCOTUS clerks starting this fall."
http://abovethelaw.com/2014/09/supreme-court-clerk-hiring-watch-into-2016-we-go-plus-scotus-clerk-bonus-news/ |
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Date: September 10th, 2014 6:08 PM Author: soggy racy coffee pot i'm jelly as fuck (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303367) |
Date: September 10th, 2014 6:08 PM Author: Chartreuse provocative dingle berry persian Lol wtf (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303369) |
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Date: September 10th, 2014 6:11 PM Author: cracking forum black woman u: poast (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303375) |
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Date: September 10th, 2014 6:13 PM Author: Chartreuse provocative dingle berry persian Sorry you only got superior court clerkship bro (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303380) |
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Date: September 10th, 2014 6:15 PM Author: cracking forum black woman Thank you for your condolences. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303390) |
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Date: September 10th, 2014 6:11 PM Author: Snowy Nowag Degenerate Meanwhile, starting salary locked in at $160K for eternity. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303374) |
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Date: September 10th, 2014 6:12 PM Author: Indigo Costumed Shrine Telephone are there any sort of strings attached, like if you don't stay ___ years you pay all or a portion back?
i wouldnt spend a dime of that if so |
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Date: September 10th, 2014 6:14 PM Author: cracking forum black woman I don't think they do. I recall an article a while back that had some partner lamenting that too many SCOTUS clerks get paid big bonuses and then they leave after a few years to work in academia or some chill government job. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303385) |
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Date: September 10th, 2014 6:17 PM Author: Indigo Costumed Shrine Telephone i'd lament too. kellogg huber only has 31 partners, so more than $10k is theoretically coming out of each partner's pocket to pay someone with virtually no practical experience who is a huge flight risk a bonus equal to two years of salary. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303398) |
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Date: September 10th, 2014 6:18 PM Author: cracking forum black woman Preftige ain't cheap. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303402) |
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Date: September 10th, 2014 7:35 PM Author: Wild hissy fit house cr (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303783) |
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Date: September 10th, 2014 6:19 PM Author: coiffed razzmatazz corner macaca Given KH's substantial SCOTUS practice, former clerks probably have significant "practical experience" in some sense.
But it is absurd that firms pay that much AND that they don't attach strings. |
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Date: September 10th, 2014 7:00 PM Author: Khaki den philosopher-king i know some firms have a 1 year requirement-if you don't stay at least one year they can come at you for dat bonus. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303559) |
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Date: September 10th, 2014 7:34 PM Author: rough-skinned translucent senate stock car It's at least a 2-year commitment. You pay back a pro rated portion of the bonus if you leave early. I wouldn't be surprised to see some firms increase to 3 years with the hike. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303774) |
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Date: September 10th, 2014 7:34 PM Author: Wild hissy fit house Yeah, they're there (usually) but two years is about the max and ironically that's also the max you can't work on a case before your old justices. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303778) |
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Date: September 10th, 2014 6:17 PM Author: ivory bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303400) |
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Date: September 10th, 2014 6:59 PM Author: cracking forum black woman You can't put a price on preftige. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303555) |
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Date: September 10th, 2014 7:12 PM Author: Milky water buffalo seriously tho what is the value to law firms of supreme court clerks (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303630) |
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Date: September 10th, 2014 7:38 PM Author: white self-centered dilemma boiling water Gods among us, they do not bring value but create it. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303802) |
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Date: September 10th, 2014 7:43 PM Author: Wild hissy fit house I honestly think the SCOTUS clerks are worth more than this bonus.
It essentially makes them whole for two years of opportunity cost getting a super good credential that their firm will ABSOLUTELY use in marketing materials and pays them a small premium for that credential.
And if they stick at the firm and go on to be great partners? Worth every penny. SCOTUS clerks basically never flame out. |
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Date: September 10th, 2014 7:48 PM Author: cracking forum black woman Well, they also get paid to be clerks. After they do their COA clerkship and maybe a year of biglaw, aren't they at something like $75k/year on the JSP scale? (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303896) |
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Date: September 10th, 2014 8:05 PM Author: Wild hissy fit house what's the JSP scale?
They make like $60k as COA clerks, $75k as Scotus clerks. For both years thats way off their BigLaw equivalent (~105k, ~130k lower). That's $235k to make whole and a $100k bonus for getting the smartest fucking people. And the tail end of the bell curve is pretty long. They will make $330k in profits for their firm within one year.
And think about it from a firm perspective, how much more is the Scotus clerk worth? A lot. Honestly, the only reason bonuses are this low is because of the risk that they'll leave to go to academia. |
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Date: September 10th, 2014 8:21 PM Author: Stimulating peach business firm is the marketing appeal that high?
any in-house counsel worth a grain of salt knows that the correlation in legal skill between SCOTUS clerk and other associates at a top firm isn't that high and the SCOTUS clerk is an associate, while the partners and senior associates run the case. other than appellate work, not sure how much appeal there is to having a SCOTUS clerk |
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Date: September 10th, 2014 7:19 PM Author: Razzle Field Dragon what a bizarre and poorly thought out profession (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303677) |
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Date: September 10th, 2014 7:24 PM Author: Milky water buffalo definitely. but let's try to speculate what hte law firms are thinking (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303713) |
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Date: September 10th, 2014 7:26 PM Author: cracking forum black woman They get a few things: a reputation boost and people with deep insight into how sophisticated appellate judges think about and decide cases. They sell that expertise to clients. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303729) |
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Date: September 10th, 2014 7:27 PM Author: Razzle Field Dragon i dunno, man. its as if the entire profession was molded out of a tiger mom's tears that were shed when her son got rejected from Harvard. trying to figure out what the average boomer lawyer is thinking is absurd. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303735) |
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Date: September 10th, 2014 7:20 PM Author: flushed sinister locale Law schools are going to have to start matching law firm SCOTUS bonuses to compete (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303687) |
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Date: September 10th, 2014 7:44 PM Author: Wild hissy fit house I think they'll just wait two years. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303854) |
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Date: September 10th, 2014 7:32 PM Author: contagious azn I went to a ttt that has never sent anyone to scotus. 2 people from my class landed a fed coa (me and an insufferable cunt). She immediately strted talking about her scotus application. I read these atl scotus updates just praying her name doesn't come up. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303765) |
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Date: September 10th, 2014 7:43 PM Author: cracking forum black woman Was she shooting for one of those Thomas TTT affirmative action slots? (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26303843) |
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Date: September 10th, 2014 8:07 PM Author: contagious azn She's white, but maybe. She's a lib but somehow she's clerking for a conservahero that has sent 2-3 clerks to Thomas. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26304036) |
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Date: September 10th, 2014 8:06 PM Author: Wild hissy fit house Her: wondering why you haven't started your Scotus application or asked her out yet.
You: poast. |
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Date: September 10th, 2014 8:10 PM Author: contagious azn A date with her would be fucking terrible. Crazy shrieky ramblings that range from outright braggery to shit-talking everyone that isn't her to weirdo fringe opinions that she won't even discuss as anything other than the objective truth. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26304069) |
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Date: September 10th, 2014 8:07 PM Author: Heady Carmine Headpube lol so after a dozen years out I still make less than a SCOTUS clerk 2 years out. Nice. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26304035) |
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Date: September 10th, 2014 8:10 PM Author: Wild hissy fit house But that's only one year. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26304063) |
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Date: September 10th, 2014 8:13 PM Author: flushed sinister locale Keep in mind that SCOTUS BONUS is subject to the higher special bonus tax rate. (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26304079) |
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Date: September 10th, 2014 8:14 PM Author: contagious azn ? Huh? (http://www.autoadmit.com/thread.php?thread_id=2670874&forum_id=2#26304092) |
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Date: September 10th, 2014 8:19 PM Author: Stimulating peach business firm 179 on the JULIA reference
on a different but related point, they do sorta get tax pwn3d for one year. Their taxable income is really high the year they receive the bonus. |