Summer 2011 outook Forum

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Realization of having to OCI in four months = creeping horror

[XxSpyKEx]

The latest NLJ250 stats on Chicago are like 50% right? And that was before the down turn.

If NLJ250 is 50%, then V100 is something significantly less, like 40% at the most.

So if you had 30-40% in V100 in the good economy, you have something significantly less than that now.

Good point. It was 53.1% for NLJ250 firms for class of 2009 (http://www.law.com/jsp/nlj/PubArticleNL ... hbxlogin=1), which did their OCI during the boom in 2007 (so 2008 SAs). Since then there was a drop of 70% SA hiring in Chicago (and probably something around that elsewhere), so I really can't believe there was 70% UChi in v100, or even NLJ250 this year. Probably not even 50% in NLJ250 if the school was affected by the economy this year more than 2007 OCI.

[RVP11]

Chicago was getting 70+% into the V100 for 2L SAs when the economy was good.

http://lawfirmaddict.blogspot.com/2006/ ... ement.html

The 72% number I saw is definitely wrong, though.

[underdawg]

any V100% from chi will be slightly inflated because they send like 1 or 2 people into PI every year...which is lower than HYSCN

[sanpiero]

thanks for posting that data, xxspy

[chadwick218]

At a T14, we have had a # of professional recruiters and partners come into speak and their impression seems to be that "flat is the new up." Although they see a slight uptick in activity, they do not believe that this is going to translate into hiring in the near future.

[chadwick218]

Basically all the Chicago Big law Firms cancelled IU OCI last year. I would imagine its not too much better at UIUC

Likewise, many cancelled at ND.

[sanpiero]

I know this has been a discussion on the outlook for Chicago but since the title is fitting I'd like to include some (disheartening) data on SA hiring in SF:

Firm 2008 2009 2010
Arnold 0 2 2
Baker 7 5 2
Bingham 12 11 5
Bryan 0 0 1
Bullivant 2 2 1
Chapman 1 2 0
Cooley 13 7 2
Covington 5 7 6
Dechert 5 1 0
DLA 3 3 2
Drinker 0 3 2
Farella 2 8 6
Foley 6 1 1
Gibson 17 9 6
Goodwin 6 5 3
Hanson 8 5 2
Holland 3 1 1
Howard 11 6 0
Howrey 3 3 2
Jackson 1 0 0
Jones 8 13 4
Keker 4 3 4
Kirkland 30 16 4
Latham 22 13 13
Morgan 14 14 0
Morrison 47 32 24
Nixon 8 12 4
O'Melveny 17 14 7
Orrick 28 17 7
Paul 19 15 13
Perkins 1 4 3
Pillsbury 21 13 0
Quinn 49 44 27
Reed 9 7 3
Ropes 10 17 10
Schiff 4 2 2
Seyfarth 2 0 0
Shartsis 2 2 2
Shearman 2 3 1
Sheppard 5 5 5
Shook 3 2 0
Sidley 5 6 1
Skadden 2 7 2
Squire 5 1 0
Townsend 0 20 13
Wilson 5 3 2
Winston 17 12 3

2008 Hiring: 444
2009 Hiring: 378
2010 Hiring: 198 (-55% vs. 2008, -47% vs. 2009)

[jay115]

I know this has been a discussion on the outlook for Chicago but since the title is fitting I'd like to include some (disheartening) data on SA hiring in SF:

Firm 2008 2009 2010
Arnold 0 2 2
Baker 7 5 2
Bingham 12 11 5
Bryan 0 0 1
Bullivant 2 2 1
Chapman 1 2 0
Cooley 13 7 2
Covington 5 7 6
Dechert 5 1 0
DLA 3 3 2
Drinker 0 3 2
Farella 2 8 6
Foley 6 1 1
Gibson 17 9 6
Goodwin 6 5 3
Hanson 8 5 2
Holland 3 1 1
Howard 11 6 0
Howrey 3 3 2
Jackson 1 0 0
Jones 8 13 4
Keker 4 3 4
Kirkland 30 16 4
Latham 22 13 13
Morgan 14 14 0
Morrison 47 32 24
Nixon 8 12 4
O'Melveny 17 14 7
Orrick 28 17 7
Paul 19 15 13
Perkins 1 4 3
Pillsbury 21 13 0
Quinn 49 44 27
Reed 9 7 3
Ropes 10 17 10
Schiff 4 2 2
Seyfarth 2 0 0
Shartsis 2 2 2
Shearman 2 3 1
Sheppard 5 5 5
Shook 3 2 0
Sidley 5 6 1
Skadden 2 7 2
Squire 5 1 0
Townsend 0 20 13
Wilson 5 3 2
Winston 17 12 3

2008 Hiring: 444
2009 Hiring: 378
2010 Hiring: 198 (-55% vs. 2008, -47% vs. 2009)

damn

[chadwick218]

XxSpyKEx, posted this in another thread (http://www.top-law-schools.com/forums/v ... 6&start=75). Honestly, I think that the up-tick is very slight at best. I think that the 2010 #'s will pretty much be the new standard.

Law firm name
2008 2009 2010 [2L SA class]

Baker & McKenzie LLP – Chicago
2 8 4

Banner & Witcoff, Ltd.
5 3 3

Barnes & Thornburg LLP
3 0 0

BRINKS HOFER GILSON & LIONE
7 12 1

BRYAN CAVE LLP – CHICAGO
6 3 2

Butler Rubin Saltarelli & Boyd LLP
1 1 1

chapman and cutler llp
10 9 7

dla piper LLP (US)
18 7 5

Drinker Biddle & Reath LLP
12 5 4

DYKEMA (dykema gossett pllc) - CHICAGO OFFICE
6 3 2

FITCH EVEN TABIN & FLANNERY
7 1 0

FOLEY & LARDNER LLP- CHICAGO
21 9 4

goldberg kohn Ltd.
8 1 1

Greenberg Traurig, LLP
6 7 3

Hinshaw & Culbertson LLP
18 7 8

Holland & Knight LLP – Chicago
6 4 2

JENNER & BLOCK LLP
40 46 16

JONES DAY – CHICAGO
17 21 8

K&L Gates LLP - Chicago, IL
10 13 3

katten muchin rosenman llp
29 15 5

KIRKLAND & ELLIS LLP – Chicago
54 52 32

LATHAM & WATKINS LLP – CHICAGO
25 20 9

Locke Lord Bissell & Liddell LLP – Chicago
11 2 2

Lovells LLP
7 4 2

Marshall, Gerstein & Borun LLP
4 2 4

mayer brown llp
71 46 11

McAndrews, Held & Malloy, Ltd.
7 4 4

McDermott Will & Emery LLP
14 14 8

McDonnell Boehnen Hulbert & Berghoff LLP
9 9 9

mcguirewoods LLP – Chicago
8 11 4

Michael Best & Friedrich LLP
2 2 1

Miller Shakman & Beem LLP
2 1 0

Morgan, Lewis & Bockius LLP
5 3 0

Neal, Gerber & Eisenberg LLP
19 10 0

nixon peabody llp - Chicago, IL
2 1 2

Paul, Hastings, Janofsky & Walker LLP
14 5 5

Perkins Coie LLP
4 3 1

Pircher, Nichols & Meeks
3 3 3

Quarles & Brady LLP
3 3 0

Reed Smith – Chicago
6 6 2

Ropes & Gray LLP
0 6 5

schiff hardin llp
12 21 8

seyfarth shaw llp – CHICAGO
9 6 0

Shefsky & Froelich Ltd
2 1 1

sidley austin llp – CHICAGO
75 43 20

SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP - CHICAGO
57 33 9

Sonnenschein Nath & Rosenthal LLP
43 14 6

thompson coburn llp
3 1 1

Ungaretti & Harris LLP
6 4 3

Vedder Price, P.C.
10 5 0

WILDMAN, HARROLD, ALLEN & DIXON LLP
14 17 3

Winston & Strawn LLP
67 54 22

2008 SA total= 809

2009 SA total= 581

2010 SA total= 256

2010 SA/ 2009 SA = 256/581= 44% of the SAs that were available in 2009 were available in 2010

2010 SA/2008 SA = 256/809 = 31.6% of the SAs that were available in 2008 were available in 2010

The 256 number doesn’t seem to bad, but then again, it is right around the size of NU’s class alone, and then you figure there are 6 schools in the Chicagoland area aiming for those + UIUC, WUSTL, ND, IU, & UMich at least to some extent shooting for those spots. Pretty brutal all things considered.

[doyleoil]

Chicago was getting 70+% into the V100 for 2L SAs when the economy was good.

http://lawfirmaddict.blogspot.com/2006/ ... ement.html

The 72% number I saw is definitely wrong, though.

i haven't read this whole thread, so i'm not sure what 72% number you're referencing. however, i can tell you on the basis of data available to all students that we [uchicago] put over 70% of last summer's 2L crop into v50 firms (c/o 2010). those were people who did oci in 2008, at the same time as the lehman collapse, before firms really put the squeeze on. those people, of course, had higher numbers of no-offers to deal with last summer. those with offers still have to worry about the possibility of more deferrals and rescinded offers. i think it is nearly impossible that we will put over 70% of our current 2L's (c/o 2011) into v50 firms this coming summer, but we (students) don't have that data available to us yet.

i'm sure that others have better data on the overall trends, and i definitely defer to those that think there probably won't be much of an uptick in growth at firms. the only reason for slightly different expectations for the c/o 2012 (compared to 2011) is the clearing out of the deferral pipeline. not sure how much effect that will have.