We expect that quite a few of our lawyers will use the plan, said Siobhan A. Handley, Orricks chief talent officer, who worked with Social Finance Inc. to devise the firms tuition benefit, which will be offered to the about 40 lawyers hired each year. Its pretty rare that someone comes here with no debt.
The firm views the debt relief as another benefit, along with flexible work arrangements and parental leave, to attract young lawyers.
With fewer students choosing law schools, fewer law school grads choosing big firms, and women leaving the profession faster than men, we wanted to distinguish ourselves in the market, Ms. Handley said.
This will help our associates reduce the level of financial stress so they can focus on their tr…
Read the full article at: http://www.nytimes.com/2016/07/15/business/dealbook/firms-offer-cash-to-help-new-lawyers-pay-student-debt.html