NALP Perspectives on Fall 2012 Recruiting

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rad lulz
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NALP Perspectives on Fall 2012 Recruiting

Postby rad lulz » Mon Feb 11, 2013 7:51 pm

http://www.nalp.org/uploads/PerspectivesonFall2012LawStudentRecruiting.pdf

Read the whole thing

TL;DR
- basically flat 2L SA hiring on the whole with some regional variation
- 3L OCI remains a flame, with only 82 offers total in Fall 2012

My take: if you are paying sticker or close to it, don't have PI or govt. background, and don't get a 2L SA, drop out now.

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Bikeflip
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby Bikeflip » Mon Feb 11, 2013 8:11 pm

“We have seen some faltering in recruiting volumes this past fall,” says James Leipold, NALP’s Executive Director, “and that reflects the continuing faltering in the larger legal economy. If you read the client advisories coming from some of the private banks that are involved in law firm financing, it’s clear that 2013 is not likely to be dramatically better. As law firms battle for market share and compete within a global marketplace that is driving the price of legal services down, law firms continue to be cautious about bringing in more lawyers than they can confidently keep busy. I would expect flat and faltering to be characteristics of the entry-level law firm hiring market going forward, at least for the short and even medium term. Multiple experts have made the case that the legal market is not likely to return to pre-2007 levels, and the recruiting environment reflects that reality."

09042014
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby 09042014 » Mon Feb 11, 2013 8:35 pm

Looks like there wasn't a huge amount of no offers like people predicted.

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bowser
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Summer Associate Hiring took a step back in 2012

Postby bowser » Tue Feb 12, 2013 1:39 am

http://abovethelaw.com/2013/02/summer-a ... c-in-2012/

Confirms what I've heard around my school, which is that hiring took a step back for c/o 2014 from c/o 2013. I don't really understand what law firms are up to; apparently this structural argument may have some merit.

Anonymous User
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Re: Summer Associate Hiring took a step back in 2012

Postby Anonymous User » Tue Feb 12, 2013 2:27 am

bowser wrote:http://abovethelaw.com/2013/02/summer-associate-hiring-numbers-remain-anemic-in-2012/

Confirms what I've heard around my school, which is that hiring took a step back for c/o 2014 from c/o 2013. I don't really understand what law firms are up to; apparently this structural argument may have some merit.


It felt this way at my school (lower t-14) also. What also really struck me is that there seemed to be little grades--vault rank matching. I pray to god that firms underestimated their needs this year and will decide to come on 3l oci...


Myself
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.

Postby Myself » Tue Feb 12, 2013 2:31 am

.
Last edited by Myself on Mon Nov 25, 2013 12:22 am, edited 1 time in total.

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star fox
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Re: Summer Associate Hiring took a step back in 2012

Postby star fox » Tue Feb 12, 2013 2:34 am

Why do I want to go to Law School again? :cry:

09042014
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Re: Summer Associate Hiring took a step back in 2012

Postby 09042014 » Tue Feb 12, 2013 2:42 am

I wonder why they don't list out raw number of offers accepted? Because a bunch of small firms returning to hiring, even if small, would increase teh number of spots, but would actually bring down the average number of offers. I don't think it's necessarily true, but we are looking at an indicator when they probably have the actual data.

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ndirish2010
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Re: Summer Associate Hiring took a step back in 2012

Postby ndirish2010 » Tue Feb 12, 2013 3:06 am

Interesting, anecdotally it seemed much better this year than last year here.

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nmcdgt
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Re: Summer Associate Hiring took a step back in 2012

Postby nmcdgt » Tue Feb 12, 2013 3:14 am

ndirish2010 wrote:Interesting, anecdotally it seemed much better this year than last year here.


Atlanta was a bloodbath this year

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ndirish2010
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Re: Summer Associate Hiring took a step back in 2012

Postby ndirish2010 » Tue Feb 12, 2013 3:18 am

nmcdgt wrote:
ndirish2010 wrote:Interesting, anecdotally it seemed much better this year than last year here.


Atlanta was a bloodbath this year


I've heard of one person here going there from here.

We really don't rely on any one market anymore (now that Chicago is shit). It could be that we had a good collection of people this year w/ ties to good secondary markets, or that I am simply overestimating how well the 2L class did at OCI.


rad lulz
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Re: Summer Associate Hiring took a step back in 2012

Postby rad lulz » Tue Feb 12, 2013 3:48 am

Anonymous User wrote:
bowser wrote:http://abovethelaw.com/2013/02/summer-associate-hiring-numbers-remain-anemic-in-2012/

Confirms what I've heard around my school, which is that hiring took a step back for c/o 2014 from c/o 2013. I don't really understand what law firms are up to; apparently this structural argument may have some merit.


It felt this way at my school (lower t-14) also. What also really struck me is that there seemed to be little grades--vault rank matching. I pray to god that firms underestimated their needs this year and will decide to come on 3l oci...

That lack of grades-vault matching has been true every year

Anonymous User
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby Anonymous User » Tue Feb 12, 2013 10:21 am

I guess this is really no surprise, especially to the many unemployed 3Ls.

thegrayman
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby thegrayman » Tue Feb 12, 2013 10:25 am

Awesome find, thanks for posting!

rad lulz
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby rad lulz » Tue Feb 12, 2013 10:28 am

Anonymous User wrote:I guess this is really no surprise, especially to the many unemployed 3Ls.

Absolutely not a surprise. But now we have stats to back it up.

AllTheLawz
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Re: Summer Associate Hiring took a step back in 2012

Postby AllTheLawz » Tue Feb 12, 2013 10:49 am

bowser wrote:http://abovethelaw.com/2013/02/summer-associate-hiring-numbers-remain-anemic-in-2012/

Confirms what I've heard around my school, which is that hiring took a step back for c/o 2014 from c/o 2013. I don't really understand what law firms are up to; apparently this structural argument may have some merit.


A lot of firms are still dealing with the ripple effect of absorbing deferrals. Some firms took in 40 entry levels in 2010, 80 in 2011 (deferrals) and then back to 40 in 2012. If they want to avoid significant layoffs they have to wait for 2011 to filter out.

rad lulz
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Re: Summer Associate Hiring took a step back in 2012

Postby rad lulz » Tue Feb 12, 2013 11:06 am

AllTheLawz wrote:
bowser wrote:http://abovethelaw.com/2013/02/summer-associate-hiring-numbers-remain-anemic-in-2012/

Confirms what I've heard around my school, which is that hiring took a step back for c/o 2014 from c/o 2013. I don't really understand what law firms are up to; apparently this structural argument may have some merit.


A lot of firms are still dealing with the ripple effect of absorbing deferrals. Some firms took in 40 entry levels in 2010, 80 in 2011 (deferrals) and then back to 40 in 2012. If they want to avoid significant layoffs they have to wait for 2011 to filter out.

Then again, Southern and Midwestern firms just straight up no-offered, so it doesn't seem like we're seeing a ripple there.

Also, 2013 first years won't really be doing the same shit as 2011 third years, so it makes me question somewhat how much the above is really true.

Also, some of those deferrals never started to begin with.

I don't think this is just a ripple.

keg411
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby keg411 » Tue Feb 12, 2013 12:36 pm

The "ripple" from deferrals was back in the SA classes in 2008/2009/2010 and should've been done by 2011. I thought SA's in 2012 were going to be the "new normal", but looks like the SA 2013 classes are taking a step back.

rad lulz
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby rad lulz » Tue Feb 12, 2013 12:39 pm

keg411 wrote:The "ripple" from deferrals was back in the SA classes in 2008/2009/2010 and should've been done by 2011. I thought SA's in 2012 were going to be the "new normal", but looks like the SA 2013 classes are taking a step back.

I think he's referring to 2011 grads, not c/o 2011 SAs

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TTRansfer
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby TTRansfer » Tue Feb 12, 2013 1:23 pm

Thanks for the post on this. Interesting data. I agree that anecdotally it seemed better this year than it was last year. A bit surprised at the flat growth and continued 3L flaming (here's hoping that shit gets better next year -- lulz).

Atlanta was mentioned as a bloodbath -- wasn't Philly similar? I had a number of Philly interviews and just got shit on at every one of them. Perhaps it is just me, but it seemed like even the Penn kids were thinking Philly was a killer this year.

rad lulz
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby rad lulz » Tue Feb 12, 2013 1:27 pm

TTRansfer wrote:Thanks for the post on this. Interesting data. I agree that anecdotally it seemed better this year than it was last year. A bit surprised at the flat growth and continued 3L flaming (here's hoping that shit gets better next year -- lulz).

Atlanta was mentioned as a bloodbath -- wasn't Philly similar? I had a number of Philly interviews and just got shit on at every one of them. Perhaps it is just me, but it seemed like even the Penn kids were thinking Philly was a killer this year.

I lol internally when people talk about more firms shifting to more 3L recruiting.

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fatduck
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Re: Summer Associate Hiring took a step back in 2012

Postby fatduck » Tue Feb 12, 2013 1:34 pm

nmcdgt wrote:
ndirish2010 wrote:Interesting, anecdotally it seemed much better this year than last year here.


Atlanta was a bloodbath this year

multiple HLSers struck out in Atlanta this year, with ties

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TTRansfer
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Re: NALP Perspectives on Fall 2012 Recruiting

Postby TTRansfer » Tue Feb 12, 2013 1:36 pm

rad lulz wrote:
TTRansfer wrote:Thanks for the post on this. Interesting data. I agree that anecdotally it seemed better this year than it was last year. A bit surprised at the flat growth and continued 3L flaming (here's hoping that shit gets better next year -- lulz).

Atlanta was mentioned as a bloodbath -- wasn't Philly similar? I had a number of Philly interviews and just got shit on at every one of them. Perhaps it is just me, but it seemed like even the Penn kids were thinking Philly was a killer this year.

I lol internally when people talk about more firms shifting to more 3L recruiting.


A justified lol.




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