Law Practice Management
Slower Economy Leads to Lower Offer Rates at BigLaw Firms in Texas
Posted Sep 16, 2009 12:30 PM CST
By Martha Neil
What a difference a year makes. It wasn't unusual for a BigLaw firm in Texas to make offers to almost all the law students in its summer program as recently as 2008.
But this year the offer rate to summer associates dropped significantly at a number of well-known firms, in response to the difficult economic conditions of the last year. At Vinson & Elkins, for instance, the firm offered jobs to 75 percent of its 109 summer associates, down from 95 percent last year, reports Texas Lawyer in an article reprinted in New York Lawyer (reg. req.).
Like its competitors, Vinson & Elkins also anticipates a smaller summer program next year of perhaps 90 summer associates, the legal publication notes.
A number of firms are still deciding about offers, so final statistics aren't yet available.
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Comments
abe
Sep 16, 2009 4:37 PM CST
you wrote:
” It wasn’t unusual for a BigLaw firm in Texas to make offers to almost all the law students in its summer program as recently as 2008.”
You make it sound like Biglaw was an eternal font of jobs. But what percent of all law school students ever get a summer offer at a biglaw firm? Maybe 15 percent? Why is it that the legal media always tries to depict Biglaw as representative of what the legal profession is? The vast vast majority of all law school students and grads and lawyers will never sniff the inside of a biglaw office.
Why do you keep lying about this?
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