There has been a lot of chatter about the offer situation at Paul Hastings. Right now, we understand that about 50% of the current summer class has received an offer to return to the firm. The other 50% are in limbo.
Above the Law talked with a spokesperson for Paul Hastings. We have some good news, some bad news, and some great news to report.
First the good news: Paul Hastings intends to make offers to between 70% and 75% of its current summer class, firm wide. That means as many as half of the people who haven’t heard anything about their offers could be receiving an opportunity for full time employment. Yay.
Obviously, the bad news is that there will be quite a few summers that will not be getting an offer from Paul Hastings.
At least the firm is being upfront about the reason to no offer between 25% and 30% of the class. Paul Hastings told us “it’s the economy.” You can’t get any more straightforward than that.
We understand that Paul Hastings will end the suspense for its summers by the end of the program. The summer program wraps up over the next two weeks at the firm.
But for the majority of Paul Hastings summers that will be getting a full-time offer, there is some truly great news for you just after the jump.
Update / Correction: Please see after the jump.
Unlike many firms which have already deferred current summer associates who receive an offer for a year, Paul Hastings is making a commitment to let its 2009 summers start on-time, in the fall of 2010. According to the firm spokesperson:
This is how we are making our adjustment. We’re hiring a little less than last year [when the offer rate was over 90%] but offerees will start [fall 2010].
Update / Correction: Alas, this information was erroneous. Please see here for the correct information.
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It should continue to be an interesting offer season. Don’t forget to send us your tips about which firms are making offers, and which firms are not.
Earlier: Nationwide Start Date Round-up: More Firms Join The List