Posts Tagged Law Firm

�eagan

How would you like to get paid to stay home from work?  If that sounds appealing, perhaps you should look into law school.  Many law firms are asking their new hires to stay home - with pay!  That’s what’s detailed in this CNNMoney article on Yahoo Finance.  Sounds like a sweet deal to me!

The article states that because of the economy, over 100 large firms have delayed the start date for a portion of their first-year associates, in some cases to 2010.  This is in contrast to the recession in the early 1990s, when offers to new hires were rescinded.

Some students have been offered hefty stipends of up to $80,000, and even full benefits in some cases.

“The firms want to keep these people and don’t want to lose them,” explained Andy Stettner, deputy director at the National Employment Law Project.

Some 10,000 jobs have been lost in the law sector this year, so this “paid vacation” might look appealing.  Not to everyone, apparently.  Many of these new lawyers are eager to start their careers in order to start paying off student loans.  The $80K may not be enough to cover the cost of living in an expensive city.  In some cases, it’s not exactly a vacation, either:

Some have a catch - that incoming associates are required to spend their deferment working at a non-profit or for one of the firm’s pro bono clients.

This gives the students the opportunity to give back to the community.  You could look at it as a greater donation of legal services by the law firms to help those less fortunate.  I wonder, can the firms get a tax break for saying the now-show money represents the value of the pro bono work?

Personally, I’ve never been paid to not work.  In fact, many companies, mine included, require you to work a certain amount of unpaid overtime.

How about you?  Have you ever been paid to stay home?

Follow me on Twitter: CorpBarbarian

 Print This Post

• My Goals for 2010 The odds of hitting your target go up dramatically when you aim at it. - advice from a fortune cookie A Disclaimer I don't believe in luck, curses, the Evil Eye, four-leaf clovers, rubbing a rabbit's foot, crossing my fingers, knocking on wood, or the power of wishing wells. ......
• Your Weight is Costing You Money U.S. News & World Report shows us that our bodies are costing us more than ever.  This equates to a "Unhealthiness Tax", based on our poor eating and exercise habits.  I know taxes have increased on my Rocky Patels, and organic food isn't exactly cheap.  It's enough to make me......
• 5 Ways to Grow Your Shrinking Nest Egg mary_thompson Your 401k is looking more like a 201k.  A pension is a relic from your parents' time.  Pretty soon, you may not even have a job to complain about.  Maybe your dreams of early retirement will have to remain only dreams.  SmartMoney recently had an article listing 5......

• 5 Dangerous Misconceptions People Have About Money. Few subjects are as distorted by myths, half-truths and falsehoods as money. While most people know enough to get through their lives, Mark Twain described much shoddy thinking about money when he famously said: "It ain't so much what we know that gets us into trouble. It's what we know......
• Online Job Opportunities Now we think that the Internet appeared years ago. But you will never imagine that online jobs appeared almost at the same time, won't you? But actually it's really so. Nevertheless, it took years for people to start looking for the opportunity to make real money on the web. And......
• The Many Various Speeds Of Making Money Online There are many ways to make money on the Internet today. There are also many ways to get paid depending on how quick you need your money. Here are a few thoughts on that. 1. First of all some people require to make money quick. That might mean they are......