Last week’s ATL / Lateral Link survey on trimming summer associate programs is still open, but we’ve already been getting some interesting debate in the comments.
For law students, trimming the summer programs — or at least the summer salaries — would be a critical financial blow:
[L]aw School tuition is fucking EXPENSIVE. I take out 55k per year in loans here at CLS (45k of which goes to tuition + fees). Luckily, I have no undergrad debt. The financial aid office suggests that the average student take out 64k per year in loans. In sum, you misers need to talk to school adminstrations before cutting pay.
But once they’ve achieved permanent (or not so permanent) employment status, some associates would prefer to see a slimmer summer experience:
It’s not right that in a market where good associates are being kicked to the curb for economic reasons we’re throwing buckets of money at a bunch of kids who don’t know anything and just teaching them how to be (more) entitled. Shorten the summer and pay them a salary that has some correlation to what they’re worth – they are mere interns.
Other associates, however, are still in favor of lunch:
I thought ATL was on our side. The open budgets and free lunches are a perk to associates too.
And one tipster wonders just how free those lunches are from firm to firm:
Might be a good time next week or two weeks from now to do a post about summer lunch budgets. I just heard on the grapevine that we’re having $25/person limits, with anything over it coming out of the associate’s pockets. I know some other firms have a $30 or $50 limit.
So, today’s ATL / Lateral Link survey focuses on both lunch and morale. How much can you spend on lunch with the summer associates, how often do you do lunch, and would associates at your firm be upset if the summer program went away?
Update: This survey is now closed. Click here for the results.
Justin Bernold is a Director at Lateral Link, the sponsor of this survey.