US summer associates see good job offer rates
Finally some good news for US law students: the job offer rate for students that did a summer associateship in 2013 is nearly as high as it was before the financial crisis.comments powered by Disqus
The offer rate for those students was 92%,down a fraction from the 93% the summer associates of 2007, according to a new survey published by the National Association for Law Placement. Of course, the summer associate classes are smaller than they were before the crisis, so the gross job numbers are still less that before.
“At the end of 2013, the sense in the market seemed to be continued flat to declining volume in demand for legal services, with continued downward pressure on the costs for providing those services and a realization rate that continues to slip,” said James Leipold, NALP’s executive director, in the report. “There have also been predictions that there will be further stratification in the market, so one thing we may be seeing in the numbers is that some firms are growing their summer programs while others are reining in class size or leaving it flat.”