
‘We got offers!’
We’ve had an incredibly slow season in terms of summer associate gossip. We suspect that one of the main reasons for that — on top of their fears of indebtedness and unemployment — is that summer associates worked through Summer of $190K, and they’ve been on their very best behavior in the hopes of earning a grandiose paycheck as a first-year associate after graduating from law school.
Money makes the Biglaw world go ’round, and it also makes summer associates act like a bunch of little goody two-shoes. That being the case, you’d think that this summer’s offer rates would be absolutely awesome. But are they? Let’s find out which firms have handed out offers to 100 percent of their summers — information that rising 2Ls will want to know as on-campus interviewing season starts up very soon.
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Many firms haven’t issued offers yet — some wait until the summer program is done, and some even wait until summer associates are back in school. In fact, so far we’ve only heard about 100 percent offer rates at one law firm:
100% percent offer rate from Pillsbury San Francisco office for summer associates (five offers for five summer associates).
Congratulations to everyone at Pillsbury San Francisco. It was probably easy to make offers to summers there because the firm isn’t offering raises to any of its associates, only supplemental bonuses. But what about other firms? What could they be waiting for? Is that pie-in-the-sky $190K starting salary a bit too high for firms to willingly make offers to entire summer classes? That’s a scary thought for those awaiting offers.
If you have offer rate information to share, please email us (subject line: “[Firm Name] Summer Associate Offer Rates”), or text us (646-820-8477). We’ll keep you anonymous. If and when we receive enough information, we’ll do a follow-up story.
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Thanks a bunch, and to those of you who have already landed offers, congratulations!
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.