Rumor has it...no Summer Associate program at Sidley Austin

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Locke N. Lawded
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Rumor has it...no Summer Associate program at Sidley Austin

Postby Locke N. Lawded » Tue Jun 01, 2010 10:33 pm

Bad news for anyone hoping BigLaw is doing better in Chicago. Sidley Austin apparently nixed its entire summer associate program at its Chicago office this year.

More at http://shillingmesoftly.blogspot.com/.

Jay Dub
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Jay Dub » Tue Jun 01, 2010 10:51 pm

Let's hope this is just a rumor. How can they have no summer class? What are they going to do in 3-4 years when there are no experienced associates left at the firm? Those fat-cat partners need to take a cut if the firm's going to last.

Haven't most schools released their list of firms coming to OCI? Is Sidley on them?
Last edited by Jay Dub on Tue Jun 01, 2010 10:58 pm, edited 1 time in total.

miamiman
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby miamiman » Tue Jun 01, 2010 10:54 pm

fwiw, the 2010 summer at sidley fb group has 6 fans. maybe 5 current associates and an ip SA but still 6 people....

Locke N. Lawded
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Locke N. Lawded » Tue Jun 01, 2010 10:58 pm

miamiman wrote:fwiw, the 2010 summer at sidley fb group has 6 fans. maybe 5 current associates and an ip SA but still 6 people....


And in 2008, they had 100+ SAs, enough to need an entire rooftop at Wrigley. 6 is nothing.

Anonymous User
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Anonymous User » Tue Jun 01, 2010 11:00 pm

Jay Dub wrote:Haven't most schools released their list of firms coming to OCI? Is Sidley on them?


Sidley Chicago was did not come to CLS OCI last year, nor is it listed to come this year.

NY and DC offices are still coming though.

Anonymous User
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Anonymous User » Tue Jun 01, 2010 11:02 pm

According to NALP, there are 20 SA's in Sidley's Chicago office.
Last edited by Anonymous User on Tue Jun 01, 2010 11:05 pm, edited 1 time in total.

miamiman
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby miamiman » Tue Jun 01, 2010 11:03 pm

Locke N. Lawded wrote:
miamiman wrote:fwiw, the 2010 summer at sidley fb group has 6 fans. maybe 5 current associates and an ip SA but still 6 people....


And in 2008, they had 100+ SAs, enough to need an entire rooftop at Wrigley. 6 is nothing.


you can't have it both ways though, right? first you're saying no SA class then when someone shows evidence suggesting there is one, you say "well, it's tiny."

im not saying 6 members (though likely more due to people a) opting out of the FB group and b) historical hiring for Sidley) is something to be especially proud of, but 6 is not 0.

legends159
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby legends159 » Tue Jun 01, 2010 11:11 pm

Sdley Chicago has signed up for oci at SLS so unless they change their minds before August the rumor seems false.

Locke N. Lawded
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Locke N. Lawded » Tue Jun 01, 2010 11:13 pm

legends159 wrote:Sdley Chicago has signed up for oci at SLS so unless they change their minds before August the rumor seems false.


Current summer class...not for next year.

legends159
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby legends159 » Tue Jun 01, 2010 11:18 pm

do you mean oci 2011 cause they're signed up for fall 2010 oci

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thesealocust
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby thesealocust » Tue Jun 01, 2010 11:26 pm

edit: n/m
Last edited by thesealocust on Sun Jun 27, 2010 2:55 pm, edited 1 time in total.

theghostofDrewTate
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby theghostofDrewTate » Tue Jun 01, 2010 11:28 pm

Jay Dub wrote:Let's hope this is just a rumor. How can they have no summer class? What are they going to do in 3-4 years when there are no experienced associates left at the firm? Those fat-cat partners need to take a cut if the firm's going to last.


What they're going to do is end up paying through the nose for laterals. Transactional practices will come back and firms made the same mistake of layoffs/small classes in the wake of 9/11 and when the easy money machine increased demand for transactional lawyers, salaries for first years jumped from 125 to 160 - expect another jump, but more likely in the mid and senior level associate range in a few years. Partners will use the increased salaries to hike billing rates and will make even more money. All will be fine.

Jay Dub
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Jay Dub » Tue Jun 01, 2010 11:30 pm

theghostofDrewTate wrote:
Jay Dub wrote:Let's hope this is just a rumor. How can they have no summer class? What are they going to do in 3-4 years when there are no experienced associates left at the firm? Those fat-cat partners need to take a cut if the firm's going to last.


What they're going to do is end up paying through the nose for laterals. Transactional practices will come back and firms made the same mistake of layoffs/small classes in the wake of 9/11 and when the easy money machine increased demand for transactional lawyers, salaries for first years jumped from 125 to 160 - expect another jump, but more likely in the mid and senior level associate range in a few years. Partners will use the increased salaries to hike billing rates and will make even more money. All will be fine.


I don't buy this. Where are the laterals going to lateral from? Smaller firms? If that's the case, won't corporations catch on and just higher the smaller firms for less money?

theghostofDrewTate
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby theghostofDrewTate » Wed Jun 02, 2010 12:40 am

Jay Dub wrote:
theghostofDrewTate wrote:
Jay Dub wrote:Let's hope this is just a rumor. How can they have no summer class? What are they going to do in 3-4 years when there are no experienced associates left at the firm? Those fat-cat partners need to take a cut if the firm's going to last.


What they're going to do is end up paying through the nose for laterals. Transactional practices will come back and firms made the same mistake of layoffs/small classes in the wake of 9/11 and when the easy money machine increased demand for transactional lawyers, salaries for first years jumped from 125 to 160 - expect another jump, but more likely in the mid and senior level associate range in a few years. Partners will use the increased salaries to hike billing rates and will make even more money. All will be fine.


I don't buy this. Where are the laterals going to lateral from? Smaller firms? If that's the case, won't corporations catch on and just higher the smaller firms for less money?


Laterals will come from other big firms and the scarcity of the laterals is what will drive the price up. One of my good friends at work is a 2003 grad who did OCI in 2001 when the market was awful - people still got biglaw at that time, but it was open to very few people. The guy used to get at least 3 headhunter calls a day back in 2006 and early 2007. It will be the same in a few years when every firm is looking to hire - they won't hire laid off associates or small firm associates, they will want those scarce biglaw associates.

Anonymous User
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Anonymous User » Wed Jun 02, 2010 12:45 am

Sidley is slated for Duke OCI as well.

Locke N. Lawded
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Locke N. Lawded » Wed Jun 02, 2010 12:59 am

Anonymous User wrote:Sidley is slated for Duke OCI as well.


May I please reiterate once more that it is inconsequential that Sidley is slated to do OCI at a future date...this post refers only to the current class, or lack thereof, of the summer of 2010. And only the Chicago office, not any other market.

And again, OCI means nothing if no offers result from the "recruiting" visit...firms do it to stay in good standing with the top schools for the time when hiring improves...whenever that is.

Anonymous User
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Anonymous User » Wed Jun 02, 2010 1:03 am

legends159 wrote:do you mean oci 2011 cause they're signed up for fall 2010 oci

oh you sweet ruddy cheeked rising 2Ls so trusting and stuff

-underdawg (oops)

Locke N. Lawded
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Locke N. Lawded » Wed Jun 02, 2010 1:10 am

Anonymous User wrote:
legends159 wrote:do you mean oci 2011 cause they're signed up for fall 2010 oci

oh you sweet ruddy cheeked rising 2Ls so trusting and stuff

-underdawg (oops)

:lol:

legends159
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby legends159 » Wed Jun 02, 2010 2:49 am

Anonymous User wrote:
legends159 wrote:do you mean oci 2011 cause they're signed up for fall 2010 oci

oh you sweet ruddy cheeked rising 2Ls so trusting and stuff

-underdawg (oops)


i'm just stating a fact as it stands. sorry i'm not a bitter rising 3L yet.

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underdawg
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby underdawg » Wed Jun 02, 2010 7:01 am

legends159 wrote:Sdley Chicago has signed up for oci at SLS so unless they change their minds before August the rumor seems false.

um

Locke N. Lawded
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby Locke N. Lawded » Wed Jun 02, 2010 7:06 am

underdawg wrote:
legends159 wrote:Sdley Chicago has signed up for oci at SLS so unless they change their minds before August the rumor seems false.

um


What is is about there is CURRENTLY AT THIS MOMENT no summer class that you all don't understand. Right now, today, this second, as I write this, there is not an official summer class at Sidley's Chicago office.

Not talking about next year, not talking about what they plan for next summer, not talking about OCI that hasn't happened yet. Unless I have fallen through a wormhole and it's a year in the future, there is currency to this rumor.

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wiseowl
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby wiseowl » Wed Jun 02, 2010 7:13 am

Locke N. Lawded wrote:
underdawg wrote:
legends159 wrote:Sdley Chicago has signed up for oci at SLS so unless they change their minds before August the rumor seems false.

um


What is is about there is CURRENTLY AT THIS MOMENT no summer class that you all don't understand. Right now, today, this second, as I write this, there is not an official summer class at Sidley's Chicago office.

Not talking about next year, not talking about what they plan for next summer, not talking about OCI that hasn't happened yet. Unless I have fallen through a wormhole and it's a year in the future, there is currency to this rumor.


I think the point is that the majority of this board's membership are c/o 2012, so while Sidley's current state is unfortunate, most of us are just shrugging and hoping it will be better in the future. It's not news that most, if not all firms have contracted this summer.

The posts earlier in the thread support that they are pursuing a relatively wide T14 OCI schedule. Seems like they wouldn't bother if things were that dire, good graces with schools notwithstanding.

There's no real need to post the same thing over and over again.

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thesealocust
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby thesealocust » Wed Jun 02, 2010 7:16 am

edit: n/m
Last edited by thesealocust on Sun Jun 27, 2010 2:53 pm, edited 1 time in total.

RisingMichigan3L
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby RisingMichigan3L » Wed Jun 02, 2010 8:10 am

Guys, you are all the morons (esp legends)

Whether or not the OP is right, just because Sidley is coming to your school for OCI/OGI/EIW/EIP/whatever, DOESN'T mean they intend to take anyone. Many firms came last year with absolutely no intention to hire.

I don't know whether or not Sidley is having a summer class, but having them listed on the employer list for your interview week doesn't mean jack shit.

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TTT-LS
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Re: Rumor has it...no Summer Associate program at Sidley Austin

Postby TTT-LS » Wed Jun 02, 2010 8:39 am

,
Last edited by TTT-LS on Tue Jul 13, 2010 10:52 am, edited 1 time in total.




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