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You aren’t a glorified first year, you have two years of high-level, substantive litigation experience. While you may need to learn the basics of law firm life like billing, or different aspects of litigation like taking depositions eventually, you have real skills that you’ve developed throughout your clerkship.
The initial transition might be a little rough in that you’re going to be “behind” your peers in learning the inner workings of your department and knowing what the day-to-day expectations are of an associate, especially in big law. But otherwise, you’ve gained skills and experiences that will set you ahead of your coworkers for many, many years to come.
This happened to me. I did two years of federal clerkship and started as a third year. Barely got any work to gain law firm experience because my group was and is slow. Recently I told them I don’t want to continue moving up the latter without the experience. Recently, I’ve gotten more experience, but they agree I should stay in my class year and not go up to 6th year. When I first got the offer, I really wanted to ask if I can start as a second year instead of third year. I was told not to do that…. And here I am….