Squire Sanders was one of the first firms to figure out freezing associate salaries would be tolerable given the current economic situation. I don’t know if the firm will be a trend setter here as well, but the latest news from the firm seems to be in keeping with the general theme of terrible market conditions.
We’ve already reported that Squire Sanders pushed back start dates for its incoming first year associates.
Now the firm is shortening its summer program to seven weeks. But that’s not all. More details after the jump.
The big news is that the firm has “uninvited” 2Ls who previously summered with the firm as 1Ls last year. As at most firms, 1Ls at Squire had been invited back to summer or split-summer with the firm as 2Ls. Now those offers have been rescinded, a tipster reports:
They said we would be considered for full-time offers on the basis of our performance last summer.
We hope those people were able to secure fresh summer associate positions during 2L OCI, because I’m sure they won’t want to be considered for a full time offer based solely on their 1L summer performance.
The firm did not respond to our multiple inquires requesting comment about this policy.
Are other firms doing this? Send us your tips.