Did anyone see 500 Days of Summer this weekend? Good movie and something hipster wanna-be lovebirds are going to have a lot more time to do now that it seems summer associate programs are going the way of the dodo.
Just last week, Morgan Lewis announced it was cancelling Summer 2010 http://abovethelaw.com/2009/07/morgan_lewis_cancels_2010_summ.php. Today, it was joined by Ballard Spahr; Thompson Hine and Squire Sanders. http://abovethelaw.com/2009/07/ballard_spahr_and_thompson_hin.php
Other firms have cut back their fall interview schedules, but seem to indicate they will still be hosting summer classes. It will be interesting to see if other firms follow suit.
We don’t know the origin of summer associate programs in law firms (and would love any insight from someone who knows). While firms have managed to familiarize themselves with law students and recruit an incoming class through the programs, the cost of them has always been questionable. As clients have grown increasingly frustrated in recent years of paying for junior associates, the whole structure of law firms bringing in new graduates, training them on the clients’ dime and then advancing a spare few to partnership has come under scrutiny. We may be approaching a breaking point.