Last week, summer associate programs began to draw to a close. After a summer of
fun extravagance work, summer associates are eager to find out if they’ll be getting offers of full-time employment.
We expect the answer to be yes at most places. Sure, during the height of the recession, no offer rates spiked. But Biglaw firms seem to have corrected that problem. As almost any jobless 3L can tell you, firms simply started hiring fewer people to be summer associates in the first place.
What’s bad news for many 3Ls is good news for those who were lucky enough to snag summer associate positions. You know what they say: getting in is the hardest part. Right?
Above the Law has received various reports from summer associates at Biglaw firms, crowing about 100 percent offer rates….
So far, so good. We’re hearing about 100% offer rates from selected offices of firms like the following (office locations indicated parenthetically where known):
- Chadbourne & Parke
- Dechert (New York)
- Gibson Dunn
- Jones Day (Dallas)
- K&L Gates (Boston, Chicago)
- Latham & Watkins (New York)
- O’Melveny & Myers (New York)
- Proskauer (New York)
- Ropes & Gray (New York, San Francisco, Silicon Valley)
- Shearman & Sterling
UPDATE (8/2/11): Please note that we’ve made some additions and modifications to this list since it was originally published.
And we’re pretty sure we’re not getting an inclusive list. Of course, if you see anything erroneous — e.g., a firm or office on the 100 percent list that doesn’t belong there — please email us and let us know.
We’re probably living in a Biglaw world where not giving 100% (or nearly 100%) offers is much bigger news than making job offers to all the summer associates your firm hired.
So, is anybody no-offering people? Are there firms that at the very least are going to make the summers sweat it out a bit longer? The firms we’re hearing about told people they received offers before the summer program wrapped up. Which firms are going to go in the other direction and not tell people their offer rates until the fall?
Let us know, in the comments or by email (subject line: “[Firm Name] Offer Rate”). Firms that are playing fast and loose with offer rates this summer really need to get with the program here in 2011.
Finally, even if the economy is improving for law firms (knock on wood), some summer associates will still get no-offered for flagrant misbehavior. If you have a tale of summer associate scandal to share, please feel free to email us (subject line: “Summer Associate Story”). Thanks.
UPDATE (8/5/2012): Here is additional information about offer rates.
UPDATE (8/16/2012): More news about summer associate offer rates.