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 news first appeared on Above the Law, and a firm spokesman confirmed the accuracy of the report. The class of 25 associates from the graduating class of 2009 was initially supposed to start at Chadbourne in January, the firm said. About half the class will start on that date, while the other half now has no certain starting date.
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