The coronavirus crisis has seen many law firms cancel their summer intern programs, but many firms are continuing to pay their associates as much as $3600 a month despite reducing their summer intern programs.
The pandemic has created a range of reactions from law firms, which would normally see market leaders set the framework for matters like recruitment, pay scales and associate programs. However, the speed with which the pandemic has hit and the fact that is has affected firms differently means the reactions to it have also differed.
The cost-cutting measures by the law firms – including major firms like Kirland & Ellis, Cravaths, Davis Polk and Sidley Austin are changing their programs or moving them online.
A survey of the major firms by Law.com showed that many were providing remote training to their associates or are providing both remote training and truncating their programs.
Baker + McKenzie for instance is running an abbreviated five week summer program while Cravaths are running a reduced, six week program but paying the interns for the 10 weeks.
The law firm summer associate programs are something of a rite of passage for thousands of law students wrapping up their second, or 2L, year in law school. The recruiting process for such roles starts in the fall of the 2L year, and most summers can expect to eventually get an offer for full-time work once they graduate, assuming they pass the bar exam after their 3L year.
Providing a Summer Program With Twist
As American Lawyer reported, some major law firms are providing their own ‘twist’ to their summer programs. Latham & Watkins, Ropes & Gray and Wilson Sonsini Goodrich & Rosati this week confirmed that their respective summer programs will be held virtually this year, but each with a difference.
Wilson Sonsini is to give summer associates credit if they do six weeks of legal work for a qualified nonprofit organization of the associate’s choice, while Latham is reducing its program from 10 weeks to eight. The firms each said they will honor the financial commitments they’ve made to associates and first-year fellows.
Nixon Peabody announced this week it has canceled its summer program altogether, and will instead offer its summer associates a $5,000 stipend. First-year summer associates will be considered for automatic placement in next summer’s class, according to the firm.
You May Be Interested . .
- Crypto News – Davis Polk Partner discusses banks’ evolving crypto stance with BloombergDavis Polk partner David Portilla was quoted in Bloomberg discussing how banks are becoming… Read more: Crypto News – Davis Polk Partner discusses banks’ evolving crypto stance with Bloomberg
- How Serious Is It to Receive a Domestic Violence Complaint in the United States?Article source: Lavine Law Firm, TX Receiving a domestic violence complaint in… Read more: How Serious Is It to Receive a Domestic Violence Complaint in the United States?
- How International Tax Treaties Protect Businesses From Double TaxationArticle source: Creation Business Consultants When you think about expanding your business… Read more: How International Tax Treaties Protect Businesses From Double Taxation
- How Law Firms Are Using AI Phone Agents to Improve Client IntakeArticle source: Telewizard.ai Law firms across the world are rethinking how they… Read more: How Law Firms Are Using AI Phone Agents to Improve Client Intake
- What The New Cadwalader Hogan Lovells Legal Giant Means
And a Warning for Clients in BigLaw Megamergers Ben Thomson, LawFuel contributing… Read more: What The New Cadwalader Hogan Lovells Legal Giant Means - Why a Former Tennis Pro Chose a Law Career – and What Lawyers Can Learn From It
How a Tennis Career Prepared Jade Hopper for Law Jade Hopper was… Read more: Why a Former Tennis Pro Chose a Law Career – and What Lawyers Can Learn From It - Online Casino Legality and TrustArticle source: Legal Lav Casino The question of legality is central for… Read more: Online Casino Legality and Trust