Chadbourne & Parke told half of its incoming associates on Monday that the firm will extend their deferrals indefinitely and pay them an additional stipend of $60,000, according to a firm spokesman. The class of 25 associates from the graduating class of 2009 was initially supposed to start at the firm in January. Instead, about half the class will start on that date, while the other half now has no certain starting date.
Chadbourne Defers the Already Deferred
The American Lawyer
September 29, 2009