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Morrison & Foerster has informed 40% of its incoming associate class that their start date has been pushed to April 2010. The remainder will start in November 2009.
Those deferred will get $5,000 per month plus a bar stipend, and reimbursement of health care premia.
Also, new associates can opt to join at an even later date than April 2010, if they do public interest work. Those who take this option will get a $15,000 bonus when they eventually join the firm.
Morrison & Foerster LLP has more than 1,000 lawyers in 19 offices. The firm was founded in San Francisco in 1883.
