[cynthia]
Hot on the heels of Ropes & Gray and Cravath, two more biglaw firms have announced that they're going to rock the worlds of law students and young associates. In a bad way. ATL has broken the news that both Morgan Lewis and Hogan & Hartson are deferring current summer associates' offers by a year.
The former is also cutting its summer 2010 program, eliminating lockstep (for 2010), and canceling appearances at OCI this fall. Whew. According to ATL "the firm plans to pass on some of these savings to its clients." Yeah, yeah.
In an internal memo, Hogan & Hartson honchos explain the firm's deferral of current summers:
By "specifics," I'm assuming that they haven't yet decided if they're going to give you guys any money."The specifics of the deferral program have not yet been decided -- only that the start date will be in 2011, not 2010.. The summers learned this news this morning; we hope you will make yourselves available to them to discuss the issue if, or when, they come to you for advice about their deferral year."
We'll have more on this news as the story progresses throughout the day. In the meantime, check out our brand new table of doom.
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