Summer Programs

Ed. note: This is the latest post by Anonymous Recruitment Director, who offers an insider’s perspective on the world of law firm hiring.

So, you’ve arrived. You’ve been on-boarded. You’ve received your work i.d. and your email account has been activated. You’ve located the nearest bathroom. You’ve committed your secretary’s name to memory. You are eagerly awaiting your first assignment.

So how do you assure that you have the best summer possible? A summer where you have the chance to truly assess whether or not you like Biglaw (as opposed to a summer focused on whether Biglaw likes you)? A summer where you end up with an offer at the end?

double red triangle arrows Continue reading “Welcome, 2014 Summer Associates! (Plus The 4 Types Of People Who Get No-Offered)”

For some law students, taking classes during the summer is the right choice. In this infographic, the folks at the UC Hastings Summer Legal Institute make their case for a summer spent studying in San Francisco. Registration for summer 2014 classes will open March 24, 2014, for current UC Hastings students, and April 1, 2014, for all other students. Applications will be accepted until May 7, 2014. Full program details are here….

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The year-end Biglaw management machine is starting to grind into motion. The compensation committee is starting to look at the numbers for individual partners — to decide who will be rewarded and who will be de-equitized. And the firm’s A/R collections crew is starting to pressure the partnership to get bills out the door and talk to clients about what will be paid by year’s end. The associate bonus committee? If one still exists, is must be having a hard time reserving conference room space to meet.

The end of the year is a serious time for law firms. For many individual lawyers in Biglaw, it is the time of year when their die may be cast, in terms of compensation, lateral movement options, or even their continued employment. As anyone who follows Biglaw knows, we are living in interesting times, with many firms navigating choppy seas in terms of client demand, financial performance, and expense management. And at many firms, there has never been a wider gulf between the rank-and-file partner and firm management when it comes to the ability to make or influence decisions about the firm. Partners at many firms are often clueless about what the firm is doing and why, to the extent that partners are asked to vote on lateral candidates or even mergers based solely on the “reassurances” and “enthusiastic outlook” of management.

The net effect of this divide between management and the partnership? An increasing sense among partners that they are simply assets of legal “brands” rather than owners or even stewards of a professional enterprise. For many, it is a bit of a hopeless feeling, especially when they consider the Biglaw options down the street, which usually present the same level of management opacity to the putative “owners” as their current firm. But just because management likes to tell the partnership to “leave the managing to us, you just focus on building your practice” does not mean partners aren’t entitled to information — even if it’s just the personal views of the managing partner on certain issues.

Here are five questions for your managing partner. The topics are varied, but the answers given should give partners a good sense of both their relative standing within their firms and the values that drive the business decisions of their leadership….

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Last week, we wrote about a recruiting snafu involving Kasowitz Benson. The high-powered litigation firm had an unexpectedly high yield for its 2014 summer program, so it started making phone calls in which it either pressed students with offers for a fast decision or effectively rescinded the offer, urging the student to go elsewhere.

A rescinded offer is bad news, especially in an age when fewer students have tons of offers to choose from. But a rescinded offer of a summer associate position is better than a cold offer at the end of the summer, right?

After our story about the controversial Kasowitz calls went up, we heard from multiple former summer associates at Kasowitz with additional allegations of shady behavior — specifically, cold offers….

double red triangle arrows Continue reading “A Rescinded Offer Is Better Than A Cold Offer, Right?”

‘Congratulations on your offer! Take your time deciding.’

The weather here in New York is turning nice and crisp; Sunday is the first day of fall. But because on-campus interviewing gets underway earlier and earlier, “fall recruiting” is almost over for many law students. Those who are lucky enough to be fielding multiple offers for 2014 summer associate positions are now deciding where to go.

But some students are still making up their minds. And one leading law firm wants them to decide faster — or else….

UPDATE (5:40 p.m.): We’ve added comment from the firm below.

double red triangle arrows Continue reading “A Fall Recruiting Debacle: One Firm Decides To Go Explode Some Offers”

Being a summer associate just isn’t what it used to be. Sure, there are still fun parties and social events to attend, but in the back of everyone’s mind is the creeping worry that out of all the classes of 100 percent offer rates, they might be the one to get left behind. They’re very, very worried about making the cut, especially considering the fact that others have been forced to apply for deli clerk jobs. They realize even more that they hold their own futures in their hands, and this year, they were literally begging for more work and more hours.

These were the conclusions drawn from the American Lawyer’s 2013 Summer Associate Survey. Am Law polled 3,817 law students at 134 firms about their summer experiences and used the results to rank 112 summer programs. This year’s crop of would-be lawyers were even more worried than last year’s, which speaks volumes about the unease coursing through Biglaw during a time when layoffs and buyouts — on the staff, associate, and partner level — were running rampant.

But even so, the overall rankings were positive (though perhaps the summers rated their firms so highly out of fear for getting no-offered, we’re not sure). If you’re a law student trying to figure out where to spend your summer, you’re probably asking: which law firms came out with the highest scores?

double red triangle arrows Continue reading “Ranking 2013′s Summer Associate Programs: You Were Very, Very Worried About Being No-Offered”

Three of your Above the Law editors — David Lat, Elie Mystal, and Joe Patrice — recently sat down in the ATL offices to discuss the law firm recruiting process. After on-campus interviews and callbacks are done and a student is weighing multiple offers, how should he or she pick the right firm?

The gang weighs in with this short podcast after the jump. Good luck to all those who are still interviewing or choosing between offers….

double red triangle arrows Continue reading “How Do You Choose Which Law Firm Offer To Accept?”

As was vividly demonstrated by our recent infographic, Biglaw’s summer associate classes have undergone a major and seemingly permanent contraction. For the most part, large — arguably bloated — summer associate classes are a thing of the past. Among the Am Law 50, only eight firms are bucking this downward trend, with actual increases in the size of their summer classes since 2007. These firms are a collection of Wall Street’s oldest and most elite white shoe mainstays: Sullivan & Cromwell, Cravath, Davis Polk, and their ilk. On average, these firms were founded 112 years ago (i.e., during the McKinley Administration). The outlier here is the relative upstart litigation powerhouse Quinn Emanuel, founded only back in 1987.

Besides the durability and strength that comes with such a refined pedigree, what other trends are apparent in this great downsizing of Biglaw’s summer associate classes?

double red triangle arrows Continue reading “More On The Decline Of The Biglaw Summer Program”

Biglaw summer associate programs are like lions in winter: shriveled husks with but an outline of their past glory.

Instead of talking about it, we decided to make an illustration so we can all look at it in horror. We’ve compared the sizes of the 2007 summer classes at the top 50 largest law firms to the sizes of these firms’ 2013 summer classes. It’s a little bit like comparing the size of House Stark before and after they started messing with the Lannisters.

Winter is coming, would-be summer associates. Here’s a picture for those of you who are confused by math….

double red triangle arrows Continue reading “The Chart That Should Make Everybody Doing On-Campus Interviewing Absolutely Freaking Terrified”

A summer dreaming of having more friends.

Back in February, with the help of a report from the National Association for Law Placement (NALP), we described the summer associate hiring market as “anemic.” Recruiting volume in fall 2012 was down compared to fall 2011, and the entry-level recruitment environment, in general, was characterized as “flat and faltering.” No wonder we haven’t heard many tales of summer associate glory — they’re probably still too terrified to have fun.

Be that as it may, amid news of layoffs and rumors of stealth layoffs, right now, Biglaw firms are handing out offers of employment like candy. But have you ever stopped to think about why they’re passing out $160K offers so freely?

Perhaps it’s because the size of their summer classes are significantly smaller than ever before…

double red triangle arrows Continue reading “The Incredible Shrinking Biglaw Summer Associate Class Size”

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