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I know it is still early, but I also know that not getting any callbacks after OCI is not a good sign. Is the whole "just wait until the second round" thing really true? Or should I just give up hope now? Also, what do people even do now if they were planning on BigLaw? Any advice would be appreciated...

How long has it been? If it's been over a week, then perhaps you may need to find alternative routes.

Have you been mass-mailing and contacting alumni at firms? If not start today.