Lawjobs.com reports that the market for summer associates is sizzling:
"A snapshot of some of the largest firms shows a greater demand for summer associate help than last year, which itself marked an increase for most shops compared with the previous year.
How do the numbers stack up?
- Skadden, Arps is hiring 35% more summer associates.
- Kirkland, Ellis is hiring 20% more summer associates.
- DLA Piper is hiring 14% more summer associates.
The article reports that law firms are also visiting more schools and attributes the associates’ market to a few factors:
- Legal business is booming and firms are reporting record profits.
- Law firms have a significant retention problem that reaches 78% by fifth-year-associate level.
- "Despite the increased demand for associate help, law schools continue to churn out about the same number of graduates: some 40,000 each year. Meanwhile, the number of applicants is dropping, by 6.3 percent last year and by 5.2 percent the year before, according to the Law School Admission Council."