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Currently T25 and struck out at OCI. If I kill it Fall Semester, will firms take my updated GPA into account? Will it be too late by then to grab a position for the summer?

Keep applying until you land a position. Don't wait. Your chances are much better now than they will be later, even if you kill it in the fall.

Agreed. DO NOT wait. There are very few firms that hire in the spring and those are usually law clerk positions that don’t guarantee full-time spots