Credit: tixy/Adobe Stock The Case for Deferring First-Years
Law firms don't defer first-years for the savings. Rather, it's something much more significant than that, Hugh Simons explains in arguing why firms and 3Ls alike should consider a lengthy deferral.
May 16, 2023 at 07:16 AM
9 minute read
The original version of this story was published on The American Lawyer
We can expect in the next few weeks that some enlightened Big Law firms will level with their incoming associates (or at least the corporate ones) and explain that market conditions are such that the firm cannot assure them of the volume of work necessary for their normal growth and development and, accordingly, the firm is offering a stipend (and health insurance) to those who choose to defer for a year. If such is to be expected, then it is to be fervently hoped that many 3Ls will give such deferral serious consideration.
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