Law Firm Gives Associates U.S.$ 80,000 To Take the Year Off

This item in the New York Times will turn a lot of us green with envy. My jaw dropped with when I read it.

The global economic downturn doesn’t seem like such a bad thing after all, if you’re an associate at Skadden, Arps, Slate Meagher and Flom, the largest U.S. law firm in terms of revenue. Due to the recession, which would predictably cut into its projected revenues, Skadden has offered its 1,300 associates worldwide 80,000 U.S. dollars each to take the year off. They’re encouraged to find pro-bono work and render meaningful service to any cause of their choice although “the lawyers could also spend the year catching up on every episode of “Top Chef” that they missed during the boom years, or traveling around the world“. Continue reading