MoFo’s deal is a mixed bag. Those who start in April get $5,000 a month for doing nothing until they join the firm. Or, they all have the option to defer for 10 months if they work for a nonprofit, with an additional $15,000 for doing so.
Speaking of deferrals, we still haven’t heard from Pillsbury on their fall class. A firm spokeswoman said last week they just haven’t decided yet (Update: ... and told us Tuesday morning there's no new info). We tried asking again Monday, but it was pretty late, and we haven’t heard back yet. Kinda makes us wonder what's up over there. If you know, our tip line is open.
For the Big Scary Roundup of the deferment carnage, see the massively thorough, constantly updating table on our law school blog, The Shark.
MoFo’s statement, after the jump.
Associates may volunteer to defer their start date. We recognize that some associates may be disappointed at being assigned a start date later than initially anticipated, but we are committed to providing our associates the best training and development opportunities, and we want them to join at a time when they can be fully engaged in the practice.
In addition to bar stipends, those deferred beyond November, 2009 will receive stipends of $5000 per month and reimbursement of health insurance premiums up to $500 per month until they join the firm. Those who volunteer to defer to a date later than April 5, 2010 and work full time without compensation for an approved 501(c)(3) non-profit for at least 10 months during that period will receive an additional $15,000 upon joining the firm.
— Amanda Royal