Skadden Halves 2010 Summer Program, Plans Offers for 95% This Year--For 2011
Skadden Arps Slate Meagher & Flom plans to cut the size of its 2010 summer program by more than 50 percent.
It expects to hire about 100 summer associates for next year, down from the 225 in this year’s summer program, reports the Am Law Daily.
“Our expectation, and we have been upfront and honest about this, is that our summer program will be less than half of what it was this year,” recruiting partner Howard Ellin tells Bloomberg. “It reflects lower demand in the industry.”
In another change from tradition, all offers for summer jobs will be made on a single day in September, the firm says. Offerees will still have the standard 45 days to decide whether to accept.
Meanwhile, there was good news for this year’s summer associates at the top-grossing United States-based law firm: Skadden plans to offer permanent associate jobs to about 95 percent. However, those jobs will begin in 2011 rather than after they graduate in 2010, according to the law blog.
Hat tip: Above the Law
Updated at 5:05 p.m. to include Bloomberg coverage.
