Summer Associate Offer Rates: Another Update(Now we'd like to hear about the no-offering....)
Welcome to our latest round-up of summer associate offer rate news. This post contains the latest list of law firms and offices with 100 percent offer rates. Time to pop the bubbly....
Welcome to our latest round-up of summer associate offer rate news. This post contains the latest list of law firms and offices with 100 percent offer rates. In future posts, we’re going to shift gears and focus on firms with lower-than-average offer rates.
An offer rate that’s lower than 100 percent is not necessarily newsworthy. The fall recruiting process by which summer associates are selected isn’t perfect. Sometimes candidates look great on paper and do well during interviews, but then do something during the summer — turning in disappointing work product, getting drunk and acting inappropriately — that causes them to get no-offered. And sometimes people get no-offered for reasons that aren’t their fault — office politics, discrimination. Stuff happens.
We’re not expecting 100 percent offer rates all around. At the same time, there is such a thing as an unusually low offer rate. If you know of an office with an unusually low offer rate — which we will arbitrarily define here as something under 66 percent, or two-thirds — please email us (subject line: “[Firm Name] Offer Rate”).
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Now, on to the updated list of firms and offices with 100 percent offer rates….
Upon information and belief (please correct us if we’re wrong), the following offices of the following firms boast 100 percent offer rates:
- Akin Gump (Dallas)
- Dechert (New York, Philadelphia)
- Gibson Dunn (New York)
- Goodwin Procter (D.C.)
- Hughes Hubbard (New York)
- Jones Day (Dallas)
- K&L Gates (Boston, Chicago, D.C.)
- Latham & Watkins (D.C., New York, Orange County, San Francisco)
- O’Melveny & Myers (Newport Beach, New York)
- Proskauer (New York)
- Quinn Emanuel (Los Angeles, San Francisco, Silicon Valley)
- Ropes & Gray (New York, San Francisco, Silicon Valley)
- Schulte Roth & Zabel (New York)
- Simpson Thacher (New York)
- Vinson & Elkins (Dallas, New York)
- Weil Gotshal (New York)
- White & Case (Los Angeles)
- Willkie Farr & Gallagher (New York)
- Winston & Strawn (Los Angeles)
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If you have corrections to the foregoing, please email us at tips@abovethelaw.com, or text us at 646-820-TIPS (646-820-8477).
One caveat: note that these 100 percent offer rates might include so-called cold offers, in which a firm makes an offer to a candidate, but suggests that perhaps the candidate should not accept it. E.g., “We’re making you an offer [so we can boast about our 100 percent offer rate], but we think you might be happier elsewhere [wink wink], so you might want to look into the 3L recruiting process [don’t come here unless you want to work out of a utility closet].”
Cold offers are frowned upon in many quarters. Here is what NALP has to say about them:
11. Cold or Fake Offers
Q. It is reported that some employers give offers to summer associates with the understanding that the offer will not be accepted. What is NALP’s view of this practice?
A. NALP does not condone this unethical practice. Whether initiated by students to appear more attractive to future employers or by employers to enhance their offer ratios, the practice is fraudulent and unprofessional. NALP suggests that employers adopt a standard policy of extending or confirming offers in writing, signed by a representative of the organization, so that only legitimate offers are made.
But look, cold offers do happen. If you know of a firm that is making them or has made them in recent years, please feel free to let us know (subject line: “[Firm Name] Cold Offers”). As noted above, our next report is going to focus on firms with higher-than-average no offer / cold offer rates.
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If you received an offer of full-time employment, congratulations. Hopefully we will avoid a double-dip recession, so your offer will be honored and you will start work on time.
If you did not receive an offer or if you received a cold offer, we wish you luck in the job hunt. These aren’t the greatest times for 3L recruiting, but they aren’t the worst times either. So hang in there, and start pounding the pavement. Remember, there is life after the no offer.
Finally, we are still accepting entries for our best summer associate event contest. Please send us nominations, by email or by text (646-820-8477). Thanks.
Earlier: Summer Associate Offer Rates: An Update
Summer Associate Offer Rates: Open Thread
