Top Law Schools

The statistics at V100 firms indicate that the vast majority (~95%) of 2L summer associates receive offers as full-time associates. Typically, what happened to that unfortunate 5%? What would cause a 2L SA not to receive a full-time offer? How predictable is this during the summer? Would they have enough time to line up full-time employment? Is it red flag to employers? Would they ask, "why weren't you offered a full-time position by your 2L firm?"

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Here is a 20 page thread on the topic:
http://www.top-law-schools.com/forums/v ... 3&t=190792