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I split my summer between a top-flight biglaw firm in a major market and a regional biglaw/midlaw firm in a non-major market. I'm deciding to accept my offer at the latter. Going forward, should I keep my biglaw SA on my linkedin profile/resume?

I'm wondering whether it will be helpful for lateral/exit hiring at all, and if it is, how to indicate that I wasn't no-offered.

Keep it, leave it, it probably won't matter. If you try to find a job in that major market at some point in the future, I'd have it on when you apply for those jobs.