Arent Fox Chairman Marc Fleischaker has confirmed reports that the firm has rescinded offers made to about 12 of its deferred associates, involving 3 different offices. Fleischaker said the firm was pushed to make the decision because the incoming class was larger than in past years, and the firm also wanted to avoid a "logjam" when this year's class of summer associates are ready to be hired. To "soften the blow," the firm is giving those who have their offers rescinded a $20,000 stipend.
Arent Fox Rescinds Offers for Some Deferred Associates
The National Law Journal
September 25, 2009