I knew I should have went into law:
But even by more stringent standards of fun, the coming year looks pretty good. Ms. Eisenlord, 36, who works in Skadden’s banking group, will be buying a plane ticket that will take her around the world for a year, and she’s been stocking her apartment in Brooklyn with Lonely Planet travel guides.
Although she’s not yet sure exactly what she’ll be doing on her trip, she has some ideas. She would like to teach English to monks in Sri Lanka and possibly help bring solar power to remote parts of the Himalayas. She’ll probably hit 10 to 15 destinations around the world, most likely practicing not-for-profit law wherever she can be helpful.
The best part of all: Skadden is paying her about $80,000 to do it.
For a sixth-year associate at a New York law firm, $80,000 isn’t exactly competitive pay. But for someone cruising around the world, doing good wherever she sees fit and, let’s face it, probably hitting a beach or two, the pay is excellent.
Only in a financial world turned upside down would an arrangement like this one make sense. Looking to cut costs like everyone else, but not prepared to lay off associates, Skadden has chosen instead to offer all of its associates — about 1,300 worldwide — the option of accepting a third of their base pay to not show up for work for a year. (So far, the partners have no equivalent arrangement.)
