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Legislation Companies
Flush with incoming associates, legislation corporations pulled again on 2024 summer season affiliate hiring, rivaling Nice Recession ranges
Based on a report launched Tuesday by the Nationwide Affiliation for Legislation Placement, 46% of callback interviews in 2023 resulted in provides for 2024 summer season affiliate positions, a decline of 6 proportion factors from 2022. (Picture from Shutterstock)
Legislation corporations that recruited legislation college students in 2023 for summer season affiliate applications in 2024 took a cautious method, leading to one of many softest recruiting seasons because the Nice Recession, in keeping with a report launched Tuesday by the Nationwide Affiliation for Legislation Placement.
The supply charge for summer season 2024 applications for second-year legislation college students was the bottom recorded since 2012, in keeping with a March 12 press release and the NALP report, Views on 2023 Legislation Scholar Recruiting.
Forty-six p.c of callback interviews in 2023 resulted in provides for 2024 summer season affiliate positions, a decline of 6 proportion factors from 2022. The acceptance charge, however, was 47%, a rise of 6 proportion factors from 2022 and the very best ever recorded by the NALP, indicating that college students had been receiving fewer competing provides.
The median variety of provides prolonged by legislation places of work to 2Ls for summer season 2024 applications was seven provides, the bottom determine because the recruiting cycle for summer season 2010 applications.
The softened marketplace for 2024 summer season associates follows a report variety of 7,570 second-year legislation college students collaborating in summer season affiliate applications in 558 legislation places of work final 12 months. Amongst that quantity, 7,294 of the summers accepted affiliate provides.
“Recruited within the midst of the post-pandemic hiring surge, the overall variety of college students collaborating in 2023 2L summer season applications was probably the most ever recorded by NALP and resulted in over 1,100 extra college students receiving affiliate provides this 12 months than in 2022,” the NALP report says. “Now dealing with the prospect of all these new attorneys flooding their places of work within the fall, corporations could have rising considerations about absorbing extra new expertise if consumer demand doesn’t improve to maintain tempo they usually proceed to hold extra capability by means of 2024.”
The report additionally discovered that the standard automobile for hiring 2Ls—on-campus interviews—is declining as a recruiting technique. Solely 53% of summer season affiliate provides for 2024 applications had been made by means of this course of.
“What the information suggests is that OCI continues to be a useful recruiting software,” stated Nikia L. Grey, government director of the NALP, within the press launch, “however that corporations are more and more viewing it as a automobile to ‘spherical out’ their summer season applications after partaking in a vigorous spherical of pre-OCI recruiting to safe their best candidates.”
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