After holding steady for three years, summer associate programs at New Jersey’s largest firms have fallen to 1998 levels, a reflection of hiring committees’ caution about the future of the legal economy.

This year’s class of 114 second-year interns in the Law Journal‘s tracking survey is 18 percent smaller than last year’s 140. The drop-off in first-year students from 26 to 17 is an even more dramatic 35 percent.

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