The big New York law firms continue to amuse and titillate. Again, one of the firms, Cravath, Swaine & Moore, is offering $80,000 to incoming lawyers to defer their starting dates for a year.
Cravath is also requiring current summer associates who are offered full-time jobs to accept $65,000 to wait a year instead of starting in October 2010. The delayed start date for lawyers scheduled to begin work this year at the New York-based firm is optional.
These young associates are so potentially valuable that they would be paid not to work?