Wake Up Call: Fenwick Delays First-Year Associate Start Dates

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Silicon Valley firm Fenwick & West is delaying the arrival of its first-year associates and giving them a $15,000 stipend to tide them over. The news comes as other big corporate firms consider a similar move to deal with a steep drop in their work. Fenwick is postponing the start date for first-year corporate and technology transactions associates to Jan. 16, 2024. Its entry-level litigation and tax associates will start on Oct. 16, 2023, according to a report. ( ...