Quote of the Day: For The Times They Are A-Changin'
Before the recession, summer associates didn't have to work so hard for their offers. They were more interested in partying. Now, it is the work that counts, and the partying is just an added bonus....
People came in wanting to work, which is a shift. Students’ primary goal three or four years ago was to ensure they had a terrific social experience. They short-changed themselves a little.
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
— Stephen Venuto, head of on-campus recruiting for Biglaw firm Orrick Herrington & Sutcliffe, commenting on the new environment of summer associate programs during the legal recession.
This year, Orrick made offers of full-time employment to 47 of 52 summer associates. The firm’s 90 percent offer rate was at the lower end of the spectrum of the 17 national firms surveyed by Am Law.
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