Now that Labor Day is behind us, fall is fast approaching. You can tell by the chill in the evening air.
Or is that just the cold offers we’re feeling? Last month, we asked you for stories about firms giving out cold offers to summer associates. As we explained, a “cold offer” or “fake offer” is, in the words of NALP, an employment offer made “with the understanding that the offer will not be accepted.”
This “offer,” made with a wink and a nudge, allows the employing law firm to report (and boast about) a 100 percent offer rate, when in reality it isn’t welcoming back 100 percent of its summer associates. It also has an advantage for the recipient: when she goes through 3L recruiting, she can truthfully say, “Yes, I received an offer from the firm where I summered.”
We recently heard a story about a pretty cold offer (not from summer 2011, but from not too long ago summer 2010). This summer associate, who wasn’t the most popular person in her class, received a full-time employment offer “contingent upon obtaining a federal clerkship.” Given how hard it is to land a federal judicial clerkship, that’s a pretty cold offer — especially considering that the student in question, now graduated, didn’t go to a law school known for cranking out lots of clerks.
But wait, it gets better….
Continue reading “Biglaw Blind Item: An Ice-Cold Offer”
Stephen Venuto
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.
– 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.
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”).
Now, on to the updated list of firms and offices with 100 percent offer rates….
Continue reading “Summer Associate Offer Rates: Another Update
(Now we’d like to hear about the no-offering….)“
Smile if you received an offer!
Since our initial call for information about summer associate offer rates at major law firms, a number of people have contacted us with reports. As it turns out, there’s a lot of good news floating around out there for summer associates.
This leads us to two conclusions:
- Biglaw firms only brought in people they could actually hire.
- You class of 2011 people are some boring individuals.
Honestly, listening to your summer stories is like looking at the Facebook photos of a Mormon school group’s vacation to Amish country. We know that people are worried about getting offers in this tough market, but the risk-aversion of the summers this year borders on cowardice.
Live a little, have a drink, ask her for her number. It’s a job interview, not an audience with the Pope.
In any event, 100% offer rates abound. Let’s round them up….
Continue reading “Summer Associate Offer Rates: An Update”
It is the end of the summer and it happened: NO OFFER! Looking back at your summer you are completely caught off-guard. You kissed the right butts, you avoided grabbing the wrong butts, you chewed with your mouth closed, you only got blackout drunk twice, and you even managed to turn in a memo or two that even had footnotes. What went wrong?
Once upon a time, you had to make out with a partner’s wife, send a firm-wide racial joke, and charge over $1,000 on the firm’s bar tab to be “no offered” –- and even then, you would at least get a soft offer that you could show off during 3L OCI. In the new economy of today, “no offers” are much more frequent, and are less about the individual, and more about the firms themselves. While the stigma of being “no offered” reflects less on your capabilities as a Biglaw associate, it still stings, and you are still without a job at graduation.
If you are hit by this truck, and want to learn how deal with the disappointment of a “no offer,” follow the advice of Lateral Link’s Frank Kimball, legal recruiter and former Biglaw hiring partner, after the jump….
Continue reading “Career Center: There is Life After the ‘No Offer’”
Summer offer rates are back and better than ever.
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….
Continue reading “Summer Associate Offer Rates: Open Thread”
So how do firms decide how many summer associates will get permanent offers? Why do some firms have high offer rates, while others tread closer to the 50% offer range? The law firm recruiting process is very similar to the rush process of fraternities and sororities. There are a ton of drinking and “rush events” that summer associates partake in as law firms try to woo in new associates; but on the flip side, summer associates still have to “prove themselves worthy” enough to be accepted in the Brotherhood of Six-Figure Salaries or in the Sisterhood of Big Law Prestige.
Unlike sororities, you will not have to strip down to your underwear as current members take black sharpies and draw marks on the parts of your body that can use some “improvement.” Rest assured, however, that you will still have to work to impress the people at your summer law firm to keep the number of black sharpie marks on your file to a minimum, and ultimately secure that coveted permanent offer….
Continue reading “Career Center: The Mysterious Summer Offer Rate”
Ed. Note: Will the Lost Generation ever find its way back into Biglaw? This new column is written by a member of the Lost Generation who initially was thrown off of the Biglaw bandwagon but was able to get back on, and is now trying to hang on to his Biglaw second chance.
By the second semester of my 3L year, I began to realize that my whining about graduating law school unemployed was no longer an overly dramatic response to having been no-offered. It had become a legitimate concern.
For the first few weeks of the first semester, I dreamt of finding another Biglaw job somewhere in the country. As the rejection letters rolled in, I began to embrace the idea of practicing in the public sector. I imagined prosecuting violent criminals for assault or defending drug-users for minor misdemeanors. I managed to snag a couple of interviews through the meager offerings of 3L O.C.I. But, I stood no chance against my classmates who had been committed to a side of the criminal “v” since 1L year. Also, there was a glaring white space on my resume where it should have read “offer received.” Instead, it read, “I’m here because the high-paying legal employer that just reviewed over ten weeks of my work didn’t want me, and now I’m screwed and desperate.”
The other candidates had PILC and PILF all over their resumes . . . in bold. I, on the other hand, had never even been to that damn auction everyone kept talking about. Even if I could have competed for those jobs, I knew that I was undeserving as compared to many of my hard-working peers who had committed to being A.D.A.s or public defenders from the beginning of law school. Don’t get me wrong, though. If given the chance, I would have taken one of the jobs immediately…
Continue reading “Double Down”
Ed. Note: Will the Lost Generation ever find its way back into Biglaw? This new column is written by a member of the Lost Generation who initially was thrown off of the Biglaw bandwagon but was able to get back on, and is now trying to hang on to his Biglaw second chance.
When I was no-offered in the summer of 2009, I felt worthless. I am not used to failing in significant endeavors. I prefer to reserve failure my smaller undertakings, you know the ones that are not worth over six figures a year. And this particular failure had an even harsher sting because I felt like an ineffective sell-out.
I had started law school with the fresh and heady eyes of a bachelor of arts who had no employable skills and wanted to save the world. I would wield the law as a tool to empower the weak and oppressed. I was seriously regulating my debt and pinching pennies so that it would be manageable with the $50K salary that I expected.
That was before I found out exactly how much Biglaw associates make per week. My public interest façade didn’t even put up a fight. I think I registered for O.C.I. the next day.
One year later, I was offended by lunches that did not cost at least $20, and I was happy to represent any client in any capacity for any purpose as long as I made enough money so that the amount I paid in taxes exceeded any of my pre-law salaries. I was no longer worried about taking out the maximum amount of student loans available to me. The days of conservatively accepting only part of my loans, and pinching pennies, were gone.
Sadly, I started spending before I actually secured post-graduate employment. Does that sound familiar to anyone…
Continue reading “Anatomy of a No Offer”
Last month, on their blog, Bruin Briefs, staffers in the career services office of UCLA School of Law offered some advice to 3Ls who didn’t receive offers from their summer employers. If you’re in this ship that be sinking boat, you might find the counsel helpful; check it out here.
One UCLA law student identified this language as the best excerpt:
To many, [being no-offered is] a huge, unforeseen blow. If it’s happened to you, you may be cycling through feelings of anger, betrayal and/ or self-doubt. You’ve worked hard only to have the rug pulled out from under you. Give yourself a bit of time to recover. Remember to use your support systems and seek out help if needed. Take care of yourself and remember you’re the same person you were at the beginning of the summer. This experience doesn’t define you.
The tipster’s take: “It sounds like it was lifted from a suicide prevention handbook.”
We found a part of the post that we liked better….
Continue reading “UCLA Law: The Jobs Will Come Out… Tomorrow!”
Baker & McKenzie’s incoming class of 2009 can no longer fool themselves. If they haven’t started at the firm by now, they are never going to start.
Back in September, we reported that 12 of the 18 members of the 2009 Baker & McKenzie class still waiting to start had been re-deferred until June. At the time, Baker gave these people an ominous warning (emphasis added):
Starting in January, 5k stipend plus benefits for up to six months. at ANY time during six months, MAY get a call from b&m, have 1-2 weeks to report to work, but absent a major bump in work, not likely to happen. If after June, no call from b&m, “the relationship will end.”
Well, it’s June, and it appears that the relationship between Baker & McKenzie and 11 of the 12 re-deferred incoming associates has, in fact, ended…
Continue reading “Baker & McKenzie Re-Deferrals Turn Into Rescinded Offers”
In a couple of months, the class of 2012 will embark on its quest to find an elusive Biglaw summer associate gig. But let’s not forget that many in the class of 2009 are still sitting on the sidelines, waiting to start.
Most of McDermott Will & Emery’s 2009 class has started already. But last week a few of the stragglers received some bad news. A tipster reports:
Just a heads up, McDermott Will & Emery rescinded offers to most of their deferred 2009 graduates on Wednesday via a phone call.
We reached out to MWE, and their spokespersons strongly disagree with characterization that offers to “most” of the deferred associates were rescinded….
Continue reading “McDermott Will & Emery Converts Three Offers to Discovery Attorneys”
Yesterday, we told you about a law firm that left a war veteran without an offer. Today, we are able to confirm that the firm in question was Foley & Lardner. But we also have a correction and some additional details about the situation.
Let’s get to the correction first. The Minneapolis Star-Tribune reported:
Matt Nelson graduated last week from the University of Minnesota with a law degree and an MBA. Nelson, 36, was on track to earn $145,000 his first year at a Milwaukee firm. But duty called, and while he was serving as an Army paralegal in Iraq, Milwaukee withdrew its offer.
The Minneapolis paper got it wrong here. Matt Nelson was a summer associate at Foley & Lardner in 2008 and 2009. Foley no offered him at the end of his 2009 summer at the firm, which was after he had returned from Iraq. The firm did not pull his offer while he was serving overseas.
That’s lucky for Foley. As many commenters pointed out, yanking an offer while Nelson was in Iraq (as the Star-Tribune reported) might have gotten Foley into legal trouble. As it stands, Foley’s actions are just a depressing statement about insufficient respect for our war veterans.
Above the Law reached out to Matt Nelson, and he made it clear that he doesn’t want anybody feeling sorry for him just because of one no offer….
Continue reading “Foley & Lardner: The Firm That No Offered a Summer Associate War Veteran”
Incoming associates get really angry when firms rescind offers for full-time employment. As Lat said this afternoon here in the office, law students react “as if rescinding offers is like eating babies.” Incoming associates understand that the market remains tough, but these recruits still have harsh words for firms that pull offers.
We can understand the concern. Remember, during the NALP conference, Executive Director James Leipold said that he didn’t think Biglaw would be able to reabsorb all the people who have been displaced. It’s a bit like musical chairs — only if you aren’t in a seat when the music stops, you have to go into the back room and perform sexual favors for a debt-collector named Rocco.
And that’s how students feel when you rescind their offers in a timely manner. When you rescind offers at a late date … let’s just say we can incorporate all of the graphic imagery above, then add inappropriate scenes involving the mothers of rescinded offerees and goats. Recent graduates become unhinged when firms pull offers late in the season.
Well, in case some firms haven’t noticed, it’s getting pretty late in the season. Finals are upon 3Ls in some places; graduation is here in other places. People are preparing to study for the bar. This is no time for firms to get cold feet about offers relied upon in good faith.
So, we offer you this open thread. Let us know which firms are pulling offers as we head towards Memorial Day. We already know that there is some bad news for a few would-be incoming associates at Sonnenschein…
Continue reading “Rescission Open Thread: Which Firms Are Pulling Offers?”
I’m back in New York City — a place that has infinitely more Puerto Rican culture than a Hilton in Puerto Rico. But I still have a few more write-ups from the 2010 NALP Annual Education Conference. I’d be remiss if I didn’t bring back a little information for the hordes of lawyers laid off or shut out of Biglaw during the recession. Rest assured, you are not alone.
On Friday afternoon, I attended a panel called “The State of the Legal Economy and the Legal Employment Market.” This should have been the highlight event for the conference. The only panelist was James Leipold, Executive Director of NALP, and he was slated to talk about the hard numbers NALP has put together describing the recession. The panel was booked for the largest conference room in the hotel — the room easily sat 250 people.
Jim Leipold, of NALP
Total attendance = 12 people (I counted). The lesson: do not hold your executive summary panel at 3:30 on Friday in Puerto Rico.
Why was I there? That’s not a rhetorical question. I’m actually confused as to how I ended up covering a panel with 11 other attendees. The room was so cold (air conditioning for 250) that I’m convinced that when conference room air met the Puerto Rican humidity, it caused the tropical depression that hammered the Gulf Coast over the weekend.
In any event, I received some hard numbers for my trouble. And I got to hear Leipold’s thoughts on just how screwed the “Lost Generation” of would-be Biglaw associates are. Not good times, my friends. Try not to finish your cup of hemlock before you hear the numbers…
Continue reading “NALP 2010: NALP Executive Director James Leipold Talks to the ‘Lost Generation’”
It’s a wonderful time of year. No more innuendo: NALP forms have been updated, and firms have had to come clean with their statistics on summer hiring.
Look up your firm here.
Let’s crowdsource this baby. You look at your firm and tell us in the comments if somebody surprisingly massacred their summer class, and we’ll follow up next week.
I’ll get the ball rolling….
Continue reading “Updated NALP Forms: What Were the Real Offer Rates?”
The signals seem mixed in terms of whether the legal profession is on the road to recovery. On the one hand, the pace of layoffs is certainly slowing. On the other hand, firms are taking other steps to keep headcount (and expenses) down. They are not yet in a mode where they need more hands on deck to handle all the work.
One of the popular approaches is deferral extension, i.e., pushing start dates for incoming associates back yet again. A number of firms have gone down this path. To view our prior coverage, click here and scroll down.
The latest firm to take this approach: Winston & Strawn. The firm’s incoming associates were previously scheduled to arrive on January 19, 2010. Now, according to a memo issued yesterday by hiring partner Joseph Torres, class of 2009 associates will be starting on one of three dates: February 1, 2010; June 1, 2010; or October 4, 2010.
Deferral extension details, including the full memo, plus other information about Winston — after the jump.
Continue reading “Further Deferrals at Winston & Strawn
(Plus other goings-on at the firm.)”
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.
Continue reading “Nationwide No Offer Watch: McGuireWoods Does the Wave”
The Great Recession has been tough for many different types of firms — and that even includes intellectual property firms. During the past year, IP-focused shops have cut back on hiring, slashed salaries, and lost key partners to larger firms.
A few recent developments at Finnegan Henderson, the D.C.-based IP powerhouse, reflect the new realities. Multiple sources report the following:
1. Earlier this week, at an “all associates” meeting, the firm announced that it is freezing associate salaries.
2. At the same meeting, the firm announced that it is reducing first-year associate salaries from $160,000 to $145,000 (in all offices).
UPDATE: We understand that Finnegan has frozen support staff salaries as well.
Two additional items about Finnegan, after the jump.
Continue reading “What’s Going On at Finnegan Henderson?”
On Wednesday, we reported that Fenwick & West paid $60,000 in “go away” money money to some members of its incoming associate class. Today, we have news about Fenwick’s 2009 summer program, i.e., the most recent summer program, and the firm’s offer rate.
Fenwick took on 36 2Ls and 3Ls this past summer. But the summer was only eight weeks long, and Fenwick’s summer salary was on a $145K scale instead of $160K.
Still, most summers probably would have been okay with Fenwick’s program if it had ended with a strong offer rate. But it didn’t. Sources report that the firm only made offers to 17 of the 36 summers. A tipster reports the breakdown:
Ultimately the firm extended 17 offers (47%): 8 litigation, 8 corporate and 1 patent.
During orientation the hiring partners told us those who did not receive an offer would receive a letter that they could show other firms as a means to explain why we did not get an offer.
Is anybody else interested in this letter that will explain everything to other firms? Let’s check it out after the jump.
Continue reading “Nationwide No Offer Watch: Fenwick & West Sends Letters of Endorsement, But Not a Lot of Offers”
