Nationwide No Offer Watch: McGuireWoods Does the Wave
Although November is just around the corner, some 2009 summer associates are still learning about their fates. As one might expect given how late it is in the recruiting season, the news that comes around now isn’t always the happiest.
Above the Law has received reports that summer associates from McGuireWoods are now hearing back about offers. The interesting part is that the firm has apparently decided to make offers in waves, i.e., on a rolling basis.
One tipster tells us that approximately 11 out of 48 summers have received offers of full-time employment — thus far. The rest haven’t been rejected; rather, they’ve been placed on what amounts to a waitlist. Depending on how things unfold over the coming weeks and months, they might get offers — or they might not.
This “hiring in waves” approach is effectively what Dechert did. The firm made offers to about half of its summer class, but told the other half that they’d hear about offers in January 2010.
Comment from a source at the firm, after the jump.
A source at the firm declined to provide concrete numbers (or confirm the 11 out of about 50 statistic), but did confirm that offers are going out now. Some of the accepted associates will start at the firm in fall 2010, said this source, while others who have accepted clerkships will start in fall 2011.
The firm source also confirmed the “waiting list” arrangement: “Our process of hiring is not over, so the number you have now is likely not the final. As we have space and need, we’re making offers to our summers. I can’t tell you how many that will be because we don’t know.”
So what’s a McGuire Woods summer to do? With respect to the summer associates in limbo, the firm “told all of our summers that they should feel free to take offers from other firms if they receive them, because we do not know how many we will be hiring or when we will be able to make an offer.”
The candor is commendable, although perhaps cold comfort. Everyone knows that 3L recruiting has been a nightmare this year.
Good luck, McGuireWoods summer associates.
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"Bonesaw is readyyyyyyy!!!!"
PWN PWN PWN PWN PWN
"Bonesaw, Bonesaw, Bonesaw..."
"Ooooohhhh Yeahhhhhh"
/Bonesaw
suuuuuuuuuuuucks.
Mission Accomplished!
"You've got jealous eyes!"
Given that stealth layoffs are conducted on a rolling basis, it is only fitting that new hiring is done in the same manner. As soon as cogs are evaluated and firms unload the dead weight, they will carefully activate from the waitlist. The question is, will you wait by the phone for the call while Obama's economic tsunami shuts down your window of opportunity?
Massachusetts bar results were received in the mail today. You are retarded if you failed.
3L recruiting is always a nightmare because the people who couldn't land jobs by the end of their 2nd year summer are defective. Nobody likes to hire off the 3L scrap heap.
King and Spalding also had a wait-list.
8, fix up your grating mixed metaphors. Phone>tsunami>window? You sound like a school newspaper op-ed.
10
Sit and spin
10,
It is a different world now. Many 3Ls are quite qualified and capable, we just accepted jobs with firms that claimed to have space for all of us, then no-offered everyone without personal connections. We are quite capable of adding value to a firm, and we are far from tainted goods. Unfortunately, the market is such that firms can throw 3Ls away and still have 2Ls begging to work for them.
Oh, PE, you've opened my eyes. If only we had elected McCain/Palin, unemployment would have magically dropped to below 5%, the Dow would be at 20,000 and we would "win" in Afghanistan/Iraq. Thank you for correcting my misapprehension that Mr. Obama is doing everything he can to clean up the ungodly mess President Cheney left us. How does one become as wise as you? Drinking?? Drugs??? Inquiring minds want to know...you worthless tool. DIAF.
Foley & Lardner did this last summer.
PE is actually right on. Stealthies at MW have been happening in waves.
16 and how many have foley and lardner fired since last summer. and dont you dare say 39.
PE,
Get a grip. US asset values are way up since Obama took the helm. (See the huge rise in the stock market.) The financial markets crisis occurred last fall on Bush's watch.
What is this "Obama economic tsunami"?
Mass bar out
MW is a loser firm. Why would young grads want to work there? Do they want to get fucked?
A NY BASED FIRM JUST RE-DEFERRED (READ: REVOKED) HALF OF THEIR INCOMING CLASS THAT WAS SCHEDULED TO START IN JANUARY.
SEE:http://www.autoadmit.com/thread.php?thread_id=1122596&mc=37&forum_id=2
First!
I assume that MW is hiring only the hard-working, non-nescient candidates. No one who has worked hard lacks for a job.
24 --
Are you saying that 80% of MW summers were not hardworking?
Your argument might make sense when a firm is making 80% or 90% offers. But when the firm is making 80% non-offers, it means something is wrong with the firm, not the summers. And while the 20% who receive offers might be especially "non-nescient," it seems equally likely that they hit it off with the right partners and had those partners gunning for them as hiring decisions were made.
21: bitter much? obviously you were fired by MW or not even given an interview.
I'm not trying to be a fucking asshole here, but it's not like this is Wachtell and Slaughter & May merging.
21, I kind of want to get fucked.
to 24: if a firm hires 40 inept summers, then the firm sucks at making hiring decisions
Why should lazy people be granted $160,000/year salaries?
30
I could name a few partners at McGuireWoods and other law firms that do nothing for their exorbitant salaries.
See references to zombie partners. First decapitate them before worrying about your associates.
Considering the falling Dow, indicating the end of the bear market rally, McGuireWoods is pursuing a prudent course. The demand for legal services will not recover until the second quarter of 2010.
The ship be sinking...
Who moved my $160k?
31 - name anyone you want...equity partners are owners and associates are powerless; it is a pleasure to see so many of them terminated. I hope the trend continues.
28: Find yourself in a room with Elie, and you'll get your wish.
33: The ship already be sunk.
did MW defer 09 grads? i know someone who was supposed to start in a satellite office but his name isnt on the website......
37: As far as I know everyone started on time. Maybe new associates won't be listed until bar results come in?
So in the last few days we've had posts about McGuire Woods, Foley & Lardner, and Williams Mullen. Is Harvard Law still telling their students to reach to other cities like Milwaukee and Richmond?
37 --- all MW 09 grads started on time, but names are not going on the firm website until the person is admitted
So is this lower than Fish & Richardson?
33: How far can it sink, sugar ray?
15 - You're an idiot. Read a book.
19 - You're an idiot. Read a book.
Not 160K. Salaries were trimmed to something like 145K.
You just dodged a bullet if you didn't get an offer from this firm . . . a true sweatshop. Good place if you don't need to take pride in your work.