Things are pretty bad over at Fish & Richardson. I think things have to be really bad for a firm to wait until so late in the game to announce they are deferring people for a year and essentially rescinding offers. That's indeed the announcement the firm management made today, as reported by Above the Law (with some really, really, really angry tipsters weighing in).
Directly from the firm's press release:
This is one of the worst deals for law students to make its way onto our table of doom. Sorry about this one, guys.