A formal official transcript is required at the completion of third year and prior commencement of the clerkship. The elite school managed to keep Yale out of the top spot for clerkships this year, after Stanford did it last year. Applicants on the alternate list are not automatically considered for a clerkship in the next hiring cycle; they need to re-apply. One of the most prestigious options for new lawyers embarking on their legal careers is to clerk. The Chief Judge and the Associate Judges each hire two to three law clerks annually.