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NALP Expected Summers
Posted: Mon Jun 23, 2014 11:51 am
by FSK
How accurate does the NALP expected summer number tend to be? I've been poking around, and a number of firms seem to have strong increases.
https://www.nalpdirectory.com/employer_ ... auer%22%7D
Proskauer NY - 17 in 2013, 39 Expected in 2014
https://www.nalpdirectory.com/employer_ ... ates%22%7D
K&L Gates Pittsburgh: 13 in 2013, 23 Expected in 2014.
Any explanation to this? The number jump is too large to just say "maybe economy is picking up."
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 11:58 am
by glitched
I didn't think it would happen but he did it. Obama did it! The economy is back!
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 11:59 am
by lhanvt13
glitched wrote:I didn't think it would happen but he did it. Obama did it! The economy is back!
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 12:01 pm
by Anonymous User
For every one firm that increases, there's usually another one that decreases. Firms hire based on need so one individual firm's increase doesn't show much about the economy.
However, that being said, I just ran the numbers on this and comparing NY firms ONLY, there's a ~40% increase in class size from 2013 to 2014, and a 35% increase from 2012-2013 (averaged) to 2014 (it seems like 2013 hiring was down from 2012).
This is based on Nalp data (which may not be accurate), as well as only the firms that list this data (some firms don't list class size).
So this might give you a general gist but would take it with a grain of salt.
edit: Also, these are only firms that are coming to my school OCI (CCN).
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 12:04 pm
by FSK
Anonymous User wrote:
For every one firm that increases, there's usually another one that decreases. Firms hire based on need so one individual firm's increase doesn't show much about the economy.
However, that being said, I just ran the numbers on this and comparing NY firms ONLY, there's a ~40% increase in class size from 2013 to 2014, and a 35% increase from 2012-2013 (averaged) to 2014 (it seems like 2013 hiring was down from 2012).
This is based on Nalp data (which may not be accurate), as well as only the firms that list this data (some firms don't list class size).
So this might give you a general gist but would take it with a grain of salt.
I would really like this to be the case. Today's top news story "Dow may break 17K" is pissing me the hell off, as I write hundreds of cover letters.
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 2:28 pm
by Anonymous User
The 2014 figure is for the class that was hired last fall (and currently at their SA). I found this out at a firm reception. Overall across the V100, class sizes remained flat on the aggregate. Some firms have big drops as well.
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 2:35 pm
by MikeJD
http://www.chambers-associate.com/Pdfs/ ... s_size.pdf
Big decreases at some firms and some increases to others. There is no "improving" economy.
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 2:49 pm
by FSK
This is more what I expected...
Re: NALP Expected Summers
Posted: Mon Jun 23, 2014 7:49 pm
by Anonymous User
K&L Gates Pittsburgh is a bad example. Unless you have insight into these increases, you cannot generalize.
K&L PGH no offered 3 of their 13 summers last year. A significant number more went to clerkships or jumped ship to other firms.
They had to increase (well, the hiring partner chose to) the size of this year's class to compensate for the much smaller number of entering associates this fall.
Anon because of identity.