Nikia Gray, executive director of the National Association for Law Placement. Courtesy photo Facing Overcapacity, Law Firms Made Fewer Offers for 2024 Summer Associates
"The data looks a lot like what it was in the Great Recession," said Nikia Gray, executive director of the National Association for Law Placement. "We don't think it's because the legal market is going through a recession, but because the law firms are overleveraged."
March 12, 2024 at 05:38 PM
6 minute read
The original version of this story was published on The American Lawyer
What You Need to Know
- Summer associate recruiting for 2024 was sluggish as firms consider utilization concerns, according to the NALP's latest report.
- The report found a recruiting market favoring employers, with law firms sending out fewer offer letters to 2024 summer associate candidates.
- The study also found that law firms are shifting away from on-campus interviewing for recruitment and are beginning to send out offers earlier in the summer in an effort to secure top talent.
Law firms reduced the volume of offers to law students for 2024 summer associate programs, according to a new report from the National Association for Law Placement.
The organization's 2023 law student recruitment report found that, as a result of overhiring during and after the pandemic, firms cut back on their 2024 summer associate program recruitment efforts as a means of addressing overcapacity concerns.
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